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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
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 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
Revenue & Expenses
Visualization of income flow from segment revenue to net income