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Unity beats income estimates in fourth-quarter outcomes

Unity’s fourth-quarter incomes outcomes for fiscal yr 2021 landed this afternoon, and whereas the corporate is not turning a revenue but, it’s incomes extra money. 

For the three-month interval ending December 31, 2021, Unity earned $315.9 million in income, beating total expectations for the quarter. That quantity is a 43 p.c enhance over its fourth-quarter income from 2020, the place it solely earned $220.3 million. 

Losses for the quarter clocked in at $144.8 million, a 79 p.c enhance in cash misplaced over the $80.8 million Unity misplaced within the fourth quarter of 2020. Unity says the elevated losses had been primarily pushed by a rise in stock-based compensation bills.

The complete-year outcomes for Unity look pretty optimistic year-over-year, particularly when it is solely the second yr that the engine developer was publicly traded on the inventory market. It earned $1.1 billion in income throughout all of 2021 (up 44 p.c from 2020), and posted a lack of $531.7 million for the total yr. It solely misplaced $274.8 in 2020, which means its losses elevated 93 p.c year-over-year.

Together with the rise in stock-based compensation bills in 2021, Unity mentioned its losses had been additionally derived from $49.8 million spent on the termination of a lease settlement. 

Unity’s annual outcomes additionally present knowledge on what number of of its clients are incomes over $100,000 in income. That quantity elevated 33 p.c year-over-year, leaping from 793 purchasers on the finish of 2020 to 1,052 purchasers on the finish of 2021.

That does imply extra high-earning clients are selecting to do enterprise with Unity. It is a quantity which may proceed to climb due to Unity’s new stewardship of WETA Digital. 

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