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Sep 30, 2020
Unity Q3 2020 Earnings Report
Unity's third quarter results were released, showcasing the strength of the business model and strong execution across operational teams and geographies.
Key Takeaways
Unity announced strong third-quarter results with revenue of $200.8 million, a 53.3% increase year-over-year. The company's dollar-based net expansion rate was 144%.
Revenue was $200.8 million, an increase of 53.3% from the third quarter of 2019.
Loss from operations was $141.7 million, or 70.6% of revenue.
Non-GAAP loss from operations was $8.4 million, or 4.2% of revenue.
Basic and diluted net loss per share was $0.97, and non-GAAP net loss per share was $0.09.
Unity
Unity
Forward Guidance
Unity is providing the following guidance for the fourth quarter and year ending December 31, 2020. They expect fourth quarter revenue of $200 million to $204 million, and an improvement in their full year 2020 non-GAAP operating margin to (9)%.