Unity's quarterly revenue exceeded half a billion dollars

The first quarter of 2023 turned out to be a success for Unity. The company reported that its revenue increased by 56% compared to last year and crossed the $500 million milestone.

Nevertheless, there is still no talk of profit. Unity’s net losses amounted to $253.7 million — 42.8% more than in the first quarter of 2022.

In the financial report, Unity mentioned its ambitions in the field of artificial intelligence. She stated that she started working on AI technologies many years ago and is now in an advantageous position. Unity indicated that it is now working on an AI ecosystem, thanks to which it will become easier for developers to create new content.

Against the background of the release of the report, Unity shares rose 9% to $31.25 apiece.