Games

Unity revenue increased 53.3% year-on-year at the end of the first quarter

Unity reported revenue of $ 208 million for the quarter to September 30, which is 53.3% higher than last year’s third quarter revenue.

Kim Jabal, CFO of Unity, said the result was “It reflects the resilience of the business model and its strong execution across the operations team and region.

“Our strong growth has strengthened the fundamental strength of our business model and our confidence in the long-term opportunities we look to the future,” she continues. Looking at the rest of the year, Unity expects full-year revenue to fall between $ 725 million and $ 756 million, with Q4 almost maintaining the course set by Q3. doing.

One of the interesting things we learned when Unity was first released in August was that Unity was reporting losses, not profits, for at least two years. The same seems to be true at the end of the first public quarter. Unity reported a non-GAAP operating loss of $ 8.4 million overall, compared to $ 27.8 million in non-GAAP loss in the third quarter of 2019 because it did not calculate figures according to GAAP accounting standards. ..

In the fourth quarter, we expect to lose between $ 40 million and $ 35 million, but for the full year, we expect to lose between $ 71 million and $ 66 million, all on a non-GAAP basis.

To get a glimpse of Unity’s customer base, the company also said that more companies are spending heavily.As of September 30, 2020, 739 customers generated more than $ 100,000 in revenue over the last 12 months, compared to 553 as of September 30, 2019. “

“”Companies in the gaming industry have been using real-time 3D technology to create immersive interactive content for over 20 years. We are proud to support more than 90% of the world’s top gaming companies, “says a Unity statement. CEO and President John Richtiello.

“Currently, developers in other industries are paying attention when converting content to real-time 3D and working on Unity. From game developers to artists, architects, car designers, filmmakers and other creators. , I’m looking at Unity to stir my imagination. ”

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