Fantastic analysis, Christopher! So much great information to process here. I work as a sound designer, so I have always been impressed in working with Unity for spatialization techniques and virtual modeling of physical/acoustic spaces. Amazing to learn about so many other possibilities with this software, especially in the Metaverse space! I am just starting to learn about that and WOW. Did I understand you correctly in the conclusion that Unreal says that Unity will be one of the main founders of the metaverse? Thanks so much <3
Tremendous work of research. It took me a lot of time finishing the article, so I would be curious to know, how much time did you (guys?) put in completing the research
I have a couple of questions: 1. The main revenue resource for U is ads, in the ads world, it doesn't process any pricing power, which is mostly obtained by Google, FB, AAPL, TTD etc. I think it will be an okay investment vehicle, but does it have enough Moat? 2. The customer it's helping should belong to SMBs, it's hard to tell if their rev is recurring, I'm afraid the churn rate is high, although there're always new customers, yet its' mainly due to the tail wind in the gaming industry, but that doesn't warrant the moat to invest the company in the long run? I am skeptical of the company's moat to sustain in the longer term, although there're impressive technologies involved
This was a great write up - nice work. Id be a bit careful on the assumptions that developers only use one or the other (unity or epic). I’ve spoken to a few developers who have use unity for one range of games and then switched to epic for the next (or vice versa)
Fantastic analysis, Christopher! So much great information to process here. I work as a sound designer, so I have always been impressed in working with Unity for spatialization techniques and virtual modeling of physical/acoustic spaces. Amazing to learn about so many other possibilities with this software, especially in the Metaverse space! I am just starting to learn about that and WOW. Did I understand you correctly in the conclusion that Unreal says that Unity will be one of the main founders of the metaverse? Thanks so much <3
This is absolutely fantastic. Thank you so much.
Tremendous work of research. It took me a lot of time finishing the article, so I would be curious to know, how much time did you (guys?) put in completing the research
I have a couple of questions: 1. The main revenue resource for U is ads, in the ads world, it doesn't process any pricing power, which is mostly obtained by Google, FB, AAPL, TTD etc. I think it will be an okay investment vehicle, but does it have enough Moat? 2. The customer it's helping should belong to SMBs, it's hard to tell if their rev is recurring, I'm afraid the churn rate is high, although there're always new customers, yet its' mainly due to the tail wind in the gaming industry, but that doesn't warrant the moat to invest the company in the long run? I am skeptical of the company's moat to sustain in the longer term, although there're impressive technologies involved
Great work. What is your price target? Do you have a position?
Amazing insight and analysis of the company and industry....so much that I got to know. Thank You Chris
This was a great write up - nice work. Id be a bit careful on the assumptions that developers only use one or the other (unity or epic). I’ve spoken to a few developers who have use unity for one range of games and then switched to epic for the next (or vice versa)