Unity Software experienced significant volatility following its latest earnings report, which revealed a net loss of $254 million for the quarter. Despite a reported 11.5% increase in stock value over the last year and an anticipated EPS of $0.24, the company's shares plummeted by 17% after-hours and up to 20% in extended trading. This downturn was attributed to weaker-than-expected earnings and forecasts, prompting Unity to announce its decision to exit some businesses to concentrate on its core offerings for video game developers. Additionally, Unity disclosed a revenue growth to $2.1 billion in 2023, a 57% increase, but also highlighted cost-cutting measures including a 25% reduction in its workforce, office closures, and scaling back its Professional Services unit. These developments led to a significant market reaction, with Unity's market cap dropping by $5 billion. The company's full-year financials also indicated a narrowing of its net loss to $826.3 million, and shares sank 15% in premarket trading.