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Dec 31, 2021
Unity Q4 2021 Earnings Report
Unity's Q4 2021 earnings exceeded expectations, driven by strong execution and innovation.
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
Revenue by Segment
Create Solutions Revenue
CapyFin.comGrow Solutions Revenue
CapyFin.com 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