Unity guided a 2.93% increase in fully diluted shares by the end of the fiscal year in their recent earnings report, despite having allocated $1.75 billion for share buybacks out of their $2.5 billion authorization in 2022, financed through borrowed funds at a 2% interest rate.
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The Buyback that Increased Share Counts
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Unity guided a 2.93% increase in fully diluted shares by the end of the fiscal year in their recent earnings report, despite having allocated $1.75 billion for share buybacks out of their $2.5 billion authorization in 2022, financed through borrowed funds at a 2% interest rate.