Sign in

    David Mak

    Research Analyst at Arete Research

    David Mak is an Equity Research Analyst at Arete Research, specializing in internet and digital media sector coverage, with a focus on companies such as AppLovin and Unity Software. He has delivered high-impact investment recommendations including notable calls like a downgrade of AppLovin, demonstrating rigorous analysis and timely sector insights. Joining Arete in 2021 and based in London, David previously held roles in leading equity research and brings a strong quantitative orientation to his coverage. He holds the CFA designation and maintains professional registration, reflecting his commitment to analytical excellence and industry standards.

    David Mak's questions to Unity Software (U) leadership

    David Mak's questions to Unity Software (U) leadership • Q1 2025

    Question

    David Mak of Arete Research asked for the reason behind the lack of a discernible financial impact from Vector's launch yet. He also requested that the CFO quantify the nonstrategic revenue in Q1 and the amount embedded in Q2 guidance.

    Answer

    CEO Matthew Bromberg attributed the lack of immediate financial uplift to two factors: timing, as the product has just launched, and internal revenue mix shifts between the new Vector-powered network and other ad products, which are masking some upside. CFO Jarrod Yahes quantified nonstrategic revenue at approximately $17 million in Q1 and confirmed the full-year expectation remains around $30 million, implying a trail-off in Q2 and beyond.

    Ask Fintool Equity Research AI

    David Mak's questions to Unity Software (U) leadership • Q4 2024

    Question

    David Mak asked about the timeline for the rebuild of Grow Solutions with Unity Vector and whether this represented a new business line, suggesting user acquisition was a small part of Grow.

    Answer

    CEO Matthew Bromberg detailed that the migration to Unity Vector begins at the end of Q1, with the first phase completing by the end of Q2 2025. He corrected the premise, stating that user acquisition is already a substantial business that they aim to make great, not a new one.

    Ask Fintool Equity Research AI