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Mar 31, 2021
Unity Q1 2021 Earnings Report
Unity's Q1 2021 financial results were announced, revealing a 41% increase in revenue and exceeding expectations, leading to an increased 2021 revenue outlook.
Key Takeaways
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.
Revenue was $234.8 million, up 41% year-over-year.
Create Solutions, Operate Solutions, and Strategic Partnerships and Other revenue increased 51%, 40%, and 12%, respectively.
837 customers generated more than $100,000 of revenue in the trailing 12 months.
Dollar-based net expansion rate was 140%.
Revenue by Segment
Forward Guidance
Unity is providing the following guidance for the second quarter of and full year ending December 31, 2021.
Positive Outlook
- Q2 2021 Revenue (in millions): $240 - $245
- Q2 2021 Year-over-year revenue growth: 30% - 33%
- Q2 2021 Non-GAAP loss from operations (in millions): ($30) - ($40)
- 2021 Revenue (in millions): $1,000 - $1,015
- 2021 Year-over-year revenue growth: 29% - 31%
Challenges Ahead
- Q2 2021 Non-GAAP operating margin: (12%) - (17%)
- Q2 2021 Weighted-average fully diluted shares outstanding: 329M
- 2021 Non-GAAP loss from operations (in millions): ($90) - ($100)
- 2021 Non-GAAP operating margin: (9)% - (10%)
- 2021 Weighted-average fully diluted shares outstanding: 334M
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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