Why Unity Software Stock Dropped 28% in February

Why Unity Software Stock Dropped 28% in February

Shares of Unity Software (NYSE: U) lost 28.2% in value last month, according to data provided by S&P Global Market Intelligence. The leading software platform for gaming and 3D content delivered record revenue for the fourth quarter of 2020, but it wasn't enough to justify a richly valued stock price. Unity Software reported revenue of $220 million, up 39% year over year.