Unity has published a financial report for the third quarter of 2021 (ended September 30). Its revenue continued to grow and amounted to $286.3 million. At the same time, there is still no question of profit. Unity’s losses have reached almost half of its revenues. The company spends the most money on the R&D direction.Key data
Unity’s revenue grew by 43% compared to the third quarter of 2020.
- The company’s quarterly revenues exceeded forecasts by $20 million.The revenue of the Create Solutions department (development tools) amounted to $83.7 million — an increase of 34% in annual terms.
- And the department of Operate Solutions (operating tools) earned $185 million — an increase of 54% in annual terms.Unity suffered operating losses of $126.8 million, which is equal to 44% of revenue.
- For comparison, in the third quarter of 2020, this figure amounted to $141.7 million — 71% of the company’s total revenue.Most of Unity’s expenses in the third quarter were related to R&D — the company spent $178.4 million on this area.
- Other important items of expenditure include marketing and sales ($97.4 million), as well as general and administrative expenses ($73.7 million).The company also reported that 973 clients have earned more than $100 thousand in the last 12 months.
- A year ago there were 739 of them.In the third quarter, Unity launched an open beta testing of the Unity Gaming Services platform.
- It is designed to simplify the development of cross-platform multiplayer games.Also on the day of publication of the report, the company announced the purchase of Weta Digital studio, which specializes in creating visual effects.
- The deal will amount to $1.62 billion.