Unity Q4 2021 Earnings Report
Key Takeaways
Unity's Q4 2021 revenue reached $315.9 million, a 43% increase year-over-year, surpassing guidance. Full-year 2021 revenue was $1.1 billion, up 44% from the previous year. The company's growth was fueled by strong performance in both Create and Operate Solutions.
Q4 revenue increased by 43% year-over-year to $315.9 million.
Create Solutions revenue grew by 49% to $99.9 million.
Operate Solutions revenue increased by 45% to $194.6 million.
Dollar-based net expansion rate was 140% as of December 31, 2021.
Unity
Unity
Unity Revenue by Segment
Forward Guidance
Unity provided guidance for Q1 2022 with revenue expected to be between $315 million and $320 million, and for the full year 2022, revenue is expected to be between $1.485 billion and $1.505 billion.
Positive Outlook
- Q1 2022 revenue is projected to be between $315 million and $320 million.
- Full year 2022 revenue is projected to be between $1.485 billion and $1.505 billion.
- Year-over-year revenue growth is expected to be between 34% and 36%.
- Non-GAAP loss from operations for Q1 2022 is expected to be between $(22) million and $(23) million.
- Fully diluted shares outstanding are expected to be 343M for Q1 2022.
Challenges Ahead
- Non-GAAP loss from operations for the full year 2022 is expected to be between $(39) million and $(41) million.
- Non-GAAP operating margin is expected to be (7)% for Q1 2022.
- Non-GAAP operating margin is expected to be (3)% for the full year 2022.
- A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis.
- Expenses that may be incurred in the future and cannot be reasonably determined or predicted at this time, could be material to Unity’s results computed in accordance with GAAP.
Revenue & Expenses
Visualization of income flow from segment revenue to net income