The head of Unity gave a great interview GamesIndustry.biz . Among other things, John Riccitiello said that he thinks about the sharp drop in the value of the company’s shares — they have fallen in price by 84% since the peak last November.
According to him, 2022 turned out to be a difficult year for the entire stock market. In addition, Unity shares may have been too expensive last November. As Riccitello pointed out, the market value of gaming companies is usually 5-6 times higher than their annual income, whereas the value of Unity at its peak was 50 times higher than its income.
However, Riccitello noted that it is more correct to compare Unity not with gaming, but with technology companies. Many of those who held an IPO at about the same time as Unity, then things got even worse.