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Sep 30, 2022
Unity Q3 2022 Earnings Report
Unity's third quarter results aligned with guidance, demonstrating strong performance in Create solutions and continued advancement in Operate, while completing the merger with ironSource.
Key Takeaways
Unity delivered $322.9 million in revenue during the third quarter of 2022, up 13% year-over-year. The company's third quarter came in line with guidance for revenue and non-GAAP operating income. Unity completed its merger with ironSource, creating an end-to-end platform for mobile app creators.
Revenue was $322.9 million, an increase of 13% from the third quarter of 2021.
Create Solutions revenue was $128.6 million, an increase of 54%.
Operate Solutions revenue was $171.7 million, a decrease of 7%.
Basic and diluted net loss per share was $0.84, compared to basic and diluted net loss per share of $0.41 in the third quarter of 2021.
Revenue by Segment
Forward Guidance
Unity is providing the following guidance for the fourth quarter and for the full year ending December 31, 2022.
Positive Outlook
- Q4 2022 Revenue Guidance: $425M - $445M
- Q4 2022 Year-over-year revenue growth: 35% - 41%
- Q4 2022 Non-GAAP income (loss) from operations: $5M - $15M
- Q4 2022 Non-GAAP operating margin: 1% - 3%
- Q4 2022 Fully diluted shares outstanding: 562M
Challenges Ahead
- Full Year 2022 Revenue Guidance: $1,365 - $1,385
- Full Year 2022 Year-over-year revenue growth: 23% - 25%
- Full Year 2022 Non-GAAP income (loss) from operations: ($88)M - ($98)M
- Full Year 2022 Non-GAAP operating margin: (6%) - (7%)
- A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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