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Sep 30, 2023
Unity Q3 2023 Earnings Report
Third quarter results were mixed, with revenue within guidance, costs managed well, and adjusted EBITDA exceeding guidance.
Key Takeaways
Unity's Q3 2023 results showed mixed performance with revenue of $544 million, a 69% year-over-year increase or 8% on a pro-forma basis. GAAP net loss was reduced to $125 million, and adjusted EBITDA was strong at $131 million. Free cash flow for the quarter was $104 million.
Revenue came in within guidance at $544 million, representing a 69% year-over-year increase.
GAAP net loss was reduced by half to $125 million, a net loss margin of (23%).
Adjusted EBITDA was strong at $131 million, resulting in a 24% adjusted EBITDA margin.
Free cash flow for the quarter was $104 million.
Revenue by Segment
Forward Guidance
Given the ongoing assessment of product portfolio and cost structure, Unity is not providing guidance for the fourth quarter or the full year 2023, and will provide guidance for 2024 with our fourth quarter and full year 2023 results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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