Revenue grew 32% year-on-year to $622 million, marking Unity’s first GAAP profitable quarter since its IPO in 2020
Unity has delivered its “strongest ever” third quarter results, driven by a 126% year-on-year growth in its AI-powered ad network Vector.
As a result, Unity achieved its first GAAP-profitable quarter since its IPO in 2020.
Meanwhile, reports indicate the company has held acquisition talks with private equity firm Silver Lake and Saudi Arabia’s Public Investment Fund, both involved in the $55 billion acquisition of Electronic Arts.
“We are seeing the compounding impact of our flywheel strategy,” said Unity CEO and president Matt Bromberg. “More creators make more games on our platform, more games fuel the need for more discovery through advertising.”
The numbers
- Revenue: $622 million, up 32% year-on-year
- Create Solutions revenue: $165 million, up 8% year-on-year
- Grow Solutions revenue: $457 million, up 44% year-on-year
- GAAP net income: $122 million (with a margin of 20%)
The highlights
Unity’s Vector falls under Grow Solutions revenue, which rose 44% year-on-year to $457 million. These results were also partially offset by decreases in its IronSource Ads network,
