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Jun 30, 2022
Unity Q2 2022 Earnings Report
Unity delivered revenue that was up 9% year-over-year, with strong performance in Create Solutions and progress in stabilizing Operate Solutions.
Key Takeaways
Unity's Q2 2022 financial results showed revenue of $297.0 million, a 9% increase year-over-year. Create Solutions performed strongly, while progress was made to stabilize Operate Solutions. The company is also pursuing a merger with ironSource and forming a new joint venture in China.
Revenue was $297.0 million, up 9% year-over-year.
Create Solutions revenue increased by 66% to $120.9 million.
Operate Solutions revenue decreased by 13% to $158.5 million.
Basic and diluted net loss per share was $0.69, compared to $0.53 in Q2 2021.
Unity
Unity
Forward Guidance
Unity is providing the following guidance for the third quarter and for the full year ending December 31, 2022.
Positive Outlook
- Q3 2022 Revenue Guidance: $315 million - $335 million
- Q3 2022 Year-over-year revenue growth: 10% - 17%
- Q3 2022 Non-GAAP loss from operations: ($35) million - ($50) million
- Q3 2022 Non-GAAP operating margin: (10%) - (16%)
- Q3 2022 Fully diluted shares outstanding: 375M
Challenges Ahead
- Full Year 2022 Revenue Guidance: $1,300 million - $1,350 million
- Full Year 2022 Year-over-year revenue growth: 17% - 22%
- Full Year 2022 Non-GAAP loss from operations: ($95) million - ($115) million
- Full Year 2022 Non-GAAP operating margin: (7%) - (9%)
- Full Year 2022 Fully diluted shares outstanding: 376M