Unity Q3 Revenue Rises 5% to $471 Million: Ad Network Drives Growth, Free Cash Flow Reaches $151 Million
Unity (NYSE: U), the San Francisco, California-based platform for creating and growing games and interactive experiences, on November 5 reported financial results for the third quarter ended September 30. Revenue was $471 million, up 5% year over year from $447 million.
By segment, Create Solutions revenue was $152 million, up 3%, driven by strong growth in subscription revenue. Grow Solutions revenue was $318 million, up 6%, driven by strong performance of the Unity Ad Network, powered by Unity Vector.
The GAAP net loss was $127 million, a margin of negative 27%, with basic and diluted net loss per share of $0.30, compared with $0.31 a year earlier. Adjusted EBITDA was $109 million, a 23% margin, up from $92 million and 21% a year earlier, and adjusted earnings per share was $0.20. Net cash provided by operating activities was $155 million and free cash flow was $151 million, up from $115 million a year earlier. Cash, cash equivalents and restricted cash totaled $1,909 million as of September 30.
For the fourth quarter, Unity expects revenue of $480 million to $490 million and adjusted EBITDA of $110 million to $115 million, with Grow revenue expected to grow mid-single digits sequentially and Create revenue expected to grow high-single digits year over year, excluding non-strategic revenue.
Unity said third-quarter results once again meaningfully exceeded expectations on both revenue and adjusted EBITDA, powered by Unity Vector AI and continued strength in Create, and that as consumer enthusiasm for interactive entertainment continues to grow, the company is poised to grow with it. (Source: Unity)
Source: Unity
Published by GSM · USA (original Chinese edition)
Photo: 图：旧金山 South of Market 一带，Unity 总部所在区域。Wgreaves 摄，CC0，经 Wikimedia Commons。 / Photo: South of Market in San Francisco, home district of Unity's headquarters. By Wgreaves, CC0, via Wikimedia Commons.
