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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%.
Unity
Unity
Unity Revenue by Segment
Revenue by Segment
Create Solutions Revenue
CapyFin.comGrow Solutions Revenue
CapyFin.com 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