Jun 30, 2021

Unity Q2 2021 Earnings Report

Revenue increased, driven by new customers and expanded business with existing customers, and full-year guidance was raised.

Key Takeaways

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.

Revenue was $273.6 million, an increase of 48% from the second quarter of 2020.

Create Solutions, Operate Solutions, and Strategic Partnerships and Other revenue was $72.4 million, $182.9 million, and $18.3 million, respectively, an increase of 31%, 63%, and 9%, respectively, from the second quarter of 2020.

Basic and diluted net loss per share was $0.53, compared to basic and diluted net loss per share of $0.21 in the second quarter of 2020.

Dollar-based net expansion rate as of June 30, 2021 was 142% as compared to 142% as of June 30, 2020.

Total Revenue
$274M
Previous year: $184M
+48.4%
EPS
-$0.02
Previous year: -$0.42
-95.2%
Dollar-Based Net Expansion Rate
142%
Previous year: 142%
+0.0%
Customers Contributing $100K+ Revenue
888
Previous year: 716
+24.0%
Gross Profit
$216M
Previous year: $144M
+50.0%
Cash and Equivalents
$1B
Previous year: $476M
+110.6%
Free Cash Flow
-$33.5M
Previous year: $4.87M
-787.2%
Total Assets
$2.66B

Unity

Unity

Forward Guidance

Unity is providing the following guidance for the third quarter and raising guidance for the full year ending December 31, 2021.