Unity Software posts Q1 revenue beat, flags impairment charges on ironSource wind-down

Unity Software Inc (NYSE:U) beat Q1 revenue estimates and posted a sharp jump in adjusted earnings but took a $279 million impairment charge related to shutting down its ironSource ad network and selling off its Supersonic game publishing unit. The San Francisco-based company posted revenue of $508 million for the quarter ended March 31, up 17% from a year earlier and slightly above the $506 million analysts had forecast.