Unity Earnings Reports

Unity exceeded expectations in Q3 2025 with stronger-than-expected revenue and EBITDA driven by its Vector AI and Create Solutions, though GAAP net loss persisted due to ongoing restructuring and high operating expenses.

Unity delivered a strong second quarter in 2025, with revenue reaching $441 million and Adjusted EBITDA at $90 million, both surpassing guidance. The company's new AI platform, Unity Vector, significantly contributed to the 15% sequential growth in the Unity Ad Network, highlighting an inflection point in its performance despite a slight year-over-year revenue decline.

Unity delivered $435M in revenue with a smaller net loss compared to Q1 2024, driven by cost discipline and strong early performance of Unity Vector.

Unity reported Q4 2024 revenue of $457 million, a 25% decrease year-over-year. The company posted a GAAP net loss of $123 million with a net loss margin of 27%. Adjusted EBITDA was $106 million with a margin of 23%. Free cash flow was $106 million.

Unity's Q3 2024 strategic portfolio revenue reached $429 million, a 2% decrease year-over-year, exceeding guidance. The company's net loss was $125 million. Adjusted EBITDA was $92 million, also surpassing expectations. The company is focusing on fostering a culture of execution and discipline, accelerating product innovation, and strengthening customer relationships.

Unity's Q2 2024 revenue was $449 million, a 16% decrease year-over-year, driven by portfolio changes. The GAAP net loss was $126 million, an improvement from $193 million in Q2 2023. Adjusted EBITDA for the total company was $113 million, compared to $88 million in the same quarter last year.

Unity's Q1 2024 revenue reached $460 million, surpassing expectations, driven by growth in the Grow Solutions segment. However, the company reported a net loss of $291 million and is undergoing a restructuring program to enhance efficiency and profitability.

Unity's Q4 2023 revenue reached $609 million, a 35% increase year-over-year, significantly influenced by a $99 million contribution from a Wētā FX transaction. Excluding this, revenue would have been $510 million, a -2% decrease year-over-year. The company experienced a GAAP net loss of $254 million, with the Wētā FX transaction increasing the loss by $27 million. Adjusted EBITDA stood at $186 million, or $84 million excluding Wētā FX.

Unity's Q3 2023 results showed mixed performance with revenue of $544 million, a 69% year-over-year increase or 8% on a pro-forma basis. GAAP net loss was reduced to $125 million, and adjusted EBITDA was strong at $131 million. Free cash flow for the quarter was $104 million.

Unity's Q2 2023 results showed strong performance with revenue of $533 million, representing 80% year-over-year growth. The company's GAAP net loss was $193 million, while adjusted EBITDA reached $99 million. Free cash flow for the quarter was $33 million, and adjusted EBITDA margins reached 18.5%.

Unity reported a strong first quarter with revenue of $500 million, up 56% year-over-year. The company exceeded its revenue guidance and adjusted EBITDA also came in ahead of expectations. Unity is raising the low-end of its full-year revenue and adjusted EBITDA guidance ranges.

Unity reported Q4 2022 revenue of $451 million, a 43% increase year-over-year, exceeding guidance. Full-year 2022 revenue reached $1.39 billion, up 25% year-over-year. Q4 2022 was the first profitable quarter as a public company on a non-GAAP basis.

Unity delivered $322.9 million in revenue during the third quarter of 2022, up 13% year-over-year. The company's third quarter came in line with guidance for revenue and non-GAAP operating income. Unity completed its merger with ironSource, creating an end-to-end platform for mobile app creators.

Unity's Q2 2022 financial results showed revenue of $297.0 million, a 9% increase year-over-year. Create Solutions performed strongly, while progress was made to stabilize Operate Solutions. The company is also pursuing a merger with ironSource and forming a new joint venture in China.

Unity announced record quarterly revenue of $320.1 million for Q1 2022, a 36% increase year-over-year. The growth was driven by Create Solutions, which grew by 65%, while Operate Solutions experienced slower growth. The company is focused on accelerating growth in Operate and driving sustainable profitability.

Unity's Q4 2021 revenue reached $315.9 million, a 43% increase year-over-year, surpassing guidance. Full-year 2021 revenue was $1.1 billion, up 44% from the previous year. The company's growth was fueled by strong performance in both Create and Operate Solutions.

Unity's Q3 2021 revenue reached $286.3 million, a 43% increase year-over-year, exceeding expectations. The company raised its full-year revenue guidance and announced the acquisition of Weta Digital to enhance its platform with advanced VFX tools.

Unity's Q2 2021 revenue reached $273.6 million, a 48% increase year-over-year, surpassing expectations and marking the 11th consecutive quarter of 30% or greater growth. The company is increasing its full-year guidance for 2021.

Unity's Q1 2021 revenue reached $234.8 million, a 41% increase year-over-year. The company's performance was driven by the transition to real-time 3D content creation and operation. Unity raised its full year guidance by $50 million.

Unity's Q4 2020 revenue reached $220.3 million, a 39% increase year-over-year. The company saw growth across Create Solutions, Operate Solutions, and Strategic Partnerships. They are anticipating revenue between $950 million and $970 million for the full year 2021.

Unity announced strong third-quarter results with revenue of $200.8 million, a 53.3% increase year-over-year. The company's dollar-based net expansion rate was 144%.