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Sep 30, 2024
Unity Q3 2024 Earnings Report
Unity's Q3 2024 results exceeded guidance, showing progress in strategic portfolio revenue and Adjusted EBITDA.
Key Takeaways
Unity's Q3 2024 strategic portfolio revenue reached $429 million, a 2% decrease year-over-year, exceeding guidance. The company's net loss was $125 million. Adjusted EBITDA was $92 million, also surpassing expectations. The company is focusing on fostering a culture of execution and discipline, accelerating product innovation, and strengthening customer relationships.
Unity's strategic portfolio revenue was $429 million, exceeding guidance.
Net loss for the quarter was $125 million, consistent with the previous year.
Adjusted EBITDA was $92 million, surpassing guidance.
The cancellation of the Runtime Fee and reversion to a subscription-based model has unblocked renewals and accelerated new relationships.
Revenue by Segment
Forward Guidance
For the fourth quarter, Unity is guiding revenue for its strategic portfolio to $422 to $427 million and Adjusted EBITDA to $79 to $84 million for the total company.
Positive Outlook
- Revenue guidance for our strategic portfolio now at $1,703 to $1,708 million
- Adjusted EBITDA of $363 to $368 million
- New pricing changes will help drive consistent revenue growth in the double digit range for our core subscription business.
- Unity 6 is designed to enable the creation of better games, built more quickly and more efficiently than ever before.
- The entire gaming ecosystem functions better when Unity is delivering on its commitment to provide developers and publishers what they need to make and market great games.
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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