Unity Report: Revenue above forecast and loss reduction

Unity company summed up the results of the second quarter of 2023. Among other things, it reported an 80% increase in revenue.

In May, Unity announced that it plans to earn $510-520 million in April-June. In fact, the company’s revenue was higher and amounted to $533 million. This is a new record.

▪️Most of the revenue came from the segment of Grow Solutions (monetization tools) — $340 million. Growth by 157% in annual terms.

The revenue of the Create Solutions segment (development tools) increased to $193 million. Growth by 17% in annual terms.

▪️Net loss amounted to $193 million. This is 5% less than in the second quarter of 2022.

▪️Operating losses amounted to $191.4 million, having decreased by 3% over the year.