Unity Announces Fourth Quarter and Full Year 2022 Financial Results

Rhea-AI Summary

Unity Software Inc. (NYSE: U) reported a record revenue of $1.39 billion for 2022, marking a 25% year-over-year increase. The fourth quarter revenue reached $451 million, a significant jump of 43% from Q4 2021, exceeding guidance. Notably, Q4 2022 was Unity's first profitable quarter as a public company on a non-GAAP basis. The company will host a webcast on financial results today at 2:00 p.m. PT / 5:00 p.m. ET. The full financial details are available in a Shareholder Letter on their investor relations website.

Positive

• Achieved record revenue of $1.39B for full-year 2022.
• Q4 2022 revenue of $451M, up 43% year-over-year.
• First profitable quarter on a non-GAAP basis.

Negative

• None.

Company delivered $1.39B in revenue in 2022, up 25% year-over-year and exceeding guidance

SAN FRANCISCO--(BUSINESS WIRE)-- Unity Software Inc. (NYSE: U), the world’s leading platform for creating and growing real-time 3D (RT3D) content, today announced fourth quarter 2022 revenue of $451 million, which is up 43% from the same period in 2021 and ahead of guidance. Additionally, the company announced full-year 2022 revenue of $1.39 billion, a growth of 25% year-over-year. The company also released a Shareholder Letter with detailed financial information available at investors.unity.com.

Key highlights include:

• Record revenue of $1.39B in full-year 2022
• Q4 2022 is first profitable quarter as a public company (on a non-gaap basis)
• Exceeded revenue guidance in Q4 2022

Webcast and Conference Details

Unity will host a webcast today at 2:00 p.m. PT / 5:00 p.m ET, during which management will discuss fourth quarter and financial year 2022 results and provide commentary on business performance in a question-and-answer session. The webcast can be accessed at investors.unity.com. A replay of the webcast will also be available on the Investor Relations website.

About Unity Software Inc. (Unity)

Unity is the world’s leading platform for content creators of all sizes to successfully realize their vision. Our comprehensive set of software solutions supports them through the entire development lifecycle as they build, run, and grow immersive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. For more information, visit unity.com.

Unity uses its website (investors.unity.com), filings with the SEC, press releases, public conference calls, and public webcasts as means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.

Forward-Looking Statements

This publication contains “forward-looking statements,” as that term is defined under federal securities laws, including, in particular, statements about Unity's plans, strategies and objectives. The words “believe,” “may,” “will,” “estimate,” “continue,” “intend,” “expect,” “plan,” “project,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Further information on these and additional risks that could affect Unity’s results is included in our filings with the Securities and Exchange Commission (SEC) which are available on the Unity Investor Relations website. Statements herein speak only as of the date of this release, and Unity assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this publication except as required by law.

Source: Unity

View source version on businesswire.com: https://www.businesswire.com/news/home/20230222005931/en/

Investor Relations:

Richard Davis

ir@unity3d.com

Media Relations:

Ryan M. Wallace

ryan.wallace@unity3d.com

Source: Unity

FAQ

What was Unity Software's revenue in Q4 2022?

Unity Software reported a revenue of $451 million in Q4 2022.

How much did Unity Software earn in 2022?

Unity Software earned $1.39 billion in revenue for the full year 2022.

What is the stock symbol for Unity Software?

The stock symbol for Unity Software is U.

When will Unity Software discuss their financial results?

Unity Software will discuss their financial results in a webcast today at 2:00 p.m. PT.

Did Unity Software exceed revenue guidance for Q4 2022?

Yes, Unity Software exceeded revenue guidance for Q4 2022.