Unity's losses continue to grow. In the third quarter, they reached 74% of revenue
Unity told about this in a recent report on the financial results for July-September 2022.
▪️The company’s operating losses amounted to $239.6 million. This is almost twice as much as in the third quarter of 2021. Then the losses amounted to $126.8 million or 44% of revenue.
▪️Unity’s revenue is $322.9 million. It grew by 13% in annual terms.
The department of Operate Solutions brought $171.7 million (-7%), the department of Create Solutions — $128.6 million (+54%), the department of strategic partnerships — $22.6 million (+28%).
After the release of the report, the value of Unity shares fell by 12% to $20.5 apiece. Since the beginning of the year, the company has already fallen in price by 84.5%.
