Unity Q1 2022 Earnings Report
Key Takeaways
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.
Revenue was $320.1 million, an increase of 36% from the first quarter of 2021.
Create Solutions revenue was $116.4 million, an increase of 65%.
Operate Solutions revenue was $184.0 million, an increase of 26%.
Basic and diluted net loss per share was $0.60, compared to basic and diluted net loss per share of $0.39 in the first quarter of 2021.
Unity
Unity
Forward Guidance
Unity is providing the following guidance for the second quarter and lowering guidance for the full year ending December 31, 2022 due to challenges with monetization products that we expect to impact 2022.