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".
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