US Stock Market Move | Fourth-quarter losses narrowed, Unity Software (U.US) rose more than 22%.

On Thursday, Unity Software's stock price (U.US) surged, rising over 22% to $26.25 as of the time of writing. The latest quarterly financial report released by the company showed that its losses had narrowed compared to the same period last year. The company's fourth quarter revenue was $457 million, a 25% decrease year-on-year, lower than analysts' expectations of $433 million. The loss per share was $0.30, compared to a loss of $0.66 in the same period last year, and analysts had predicted a loss per share of $0.37. The company expects first quarter revenue in 2025 to be between $405 million and $415 million, lower than the expected $439.5 million.