Unity investors reacted positively to the company's decision to cancel the Runtime Fee for game developers. By the market close on September 12, Unity's share price had risen by 9.81% to $18.91 per share.
The last time the company's stock traded at this price was four months ago.
However, this increase wasn't enough to return the stocks to the level they were at before the announcement of the Runtime Fee in September 2023. Over the past year, the price of Unity shares plummeted by 48.64%. Looking at an even broader scale, Unity shares are now worth 10.4 times less than at their peak in November 2021.
Unity stock price from September 2020 to September 2024
The market capitalization of Unity at the time of writing this news is $7.5 billion.