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Cathie Wood's flagship ARK Innovation ETF has been navigating through significant losses, showcasing the challenges faced by some of its major holdings.
Unity's fourth-quarter revenue increased 35% year-over-year to $609 million, which beat the consensus estimate of $562.71 million. The company reported a quarterly loss of 66 cents per share, which missed analyst estimates for a loss of 42 cents per share, according to Benzinga Pro.
In a significant move on Tuesday, Cathie Wood-led Ark Invest made headlines by purchasing shares of Roku Inc (NASDAQ:ROKU) worth more than $25 million. This strategic acquisition comes amid a tumultuous period for Roku. The Roku Trade
Unity Software Inc (NASDAQ: U) reported third-quarter financial results after the close on Thursday.