Unity Revenues Grew to $1.1bn While Losses Increased As Well

Unity disclosed that its full-year revenues increased by 44% to $1.1 billion, but operating losses amounted to almost half of the revenue.

Unity has announced its financial results for the fourth quarter of FY2021 as well as the full-year earnings. According to the report, the company saw significant growth in full-year earnings, while operating losses, however, amounted to almost half of the revenue.

The report states that the company generated $315 million in revenues beating the $220 million made over the same period last year by 43% with Unity's Operate Solutions division (that includes Unity Ads and Unity In-App Purchases) comprising more than 60% of it. The segment's revenue has seen a year-on-year 45% increase amounting to $194.6 million.

Create Solutions division that is entrusted with handling Unity's game engine has generated $99.9 million which also displays a 49% growth compared to 2020. Unity's Strategic Partnerships and Other revenue have brought the company $21.3 million. The figure has also marked a 12% increase compared to the year earlier.

The operating loss, however, was $144.8 million, amounting to 46% of the total company's revenue. In comparison, over the same period in 2020, Unity's loss in operations was $80.8 million or 37% of revenue. In the report, the company noted that the results were influenced by "an increase in stock-based compensation expenses".

As for the full-year earnings, the company generated $1.1 billion in revenues, marking a 44% increase on the $772.4 million Unity had made in 2020. Similarly, Operate Solutions has made up the major part of it with $709.1 million generated by the division. Create Solutions revenue saw $326.6 million, while Strategic Partnerships and Other revenue was $74.8 million.

The full-year operating loss reached $531.7 million, or 48% of revenue nearly doubling the $274.8 million losses reported the previous year. According to the company, those figures were also impacted by "an increase in stock-based compensation expense" as well as "the termination of a lease agreement".

You can learn more about Unity's financial results here. Also, don't forget to join our new Reddit pageour new Telegram channel, follow us on Instagram and Twitter, where we are sharing breakdowns, the latest news, awesome artworks, and more. 

Join discussion

Comments 0

    You might also like

    We need your consent

    We use cookies on this website to make your browsing experience better. By using the site you agree to our use of cookies.Learn more