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%
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

Unity Revenue by Segment

Forward Guidance

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

Revenue & Expenses

Visualization of income flow from segment revenue to net income