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(May 12) Unity Software rose more than 5% in premarket trading. Earlier, Unity Software posted better-than-expected earnings.

• Unity Software beat consensus on top and bottom lines with itsfirst-quarter earnings, where it also guided revenue growthto the high side for the current quarter and coming year.
• After some back-and-forth trading, shares are nowup 1.2%postmarket.
• Revenues jumped nearly 40% to $234.8M.
• And loss from operations widened (non-GAAP) to $23.4M from a year-ago loss of $13.4M. GAAP loss widened further in a quarter impacted by an increase in stock-based compensation expense.
• Non-GAAP net loss per share shrank slightly to $0.10.

"We are encouraged by the growth of our customers contributing more than $100K of trailing twelve-month revenue and the healthy dollar-based net expansion rate during the first quarter,” says CFO Luis Visoso.

Revenue breakout: Create Solutions, $70.4M (up 51%); Operate Solutions, $146.6M (up 40%); Strategic Partnerships and Other, $17.8M (up 12%).

As part of its long-term view, it tackles the hot industry topic of user identifiers: "We have been preparing for IDFA for the last two years. So far, spending on our platform is strong, our contextual model (which does not rely on IDFA) is performing well, and customer feedback is strong."

It continues to believe that IDFA will cut revenue by about $30M this year, but is raising full-year guidance by $50M nonetheless - to $1B-$1.015B (above consensus for $967.2M). For the current quarter, it's guiding to revenues of $240M-$245M (vs. consensus for $232M).

And "Our goal is to build a company that delivers revenue growth of approximately 30% over the long run. Of course, business, like life, is not linear, so it is likely that some quarters and years will be higher or lower than we expect, but even so, we believe the opportunities in front of us make such a goal achievable."