Unity: Patience is key, the metamorphosis is underway

Hello everyone, I am Dolphin Research! On November 5th, Eastern Time, before the U.S. stock market opened, the leading game engine company $Unity Software(U.US) released its Q3 2025 financial report. The Q3 performance (including guidance) slightly exceeded the expectations of the sell-side analysts, maintaining a trend of sequential improvement overall. Although the transformation speed is still not fast enough compared to peers, considering the management's consistently conservative style over the past year, it is expected that Q4 performance will be better than the guidance. Therefore, the previously suppressed market sentiment due to average channel research findings can be alleviated. What truly caught Dolphin Research's eye was...