informa
2 min read
article

Unity beats revenue estimates in fourth-quarter results

Unity's reported greater-than-expected revenue in fourth-quarter earnings, raking in $315.9 million.

Unity's fourth-quarter earning results for fiscal year 2021 landed this afternoon, and while the company isn't turning a profit yet, it is earning more money. 

For the three-month period ending December 31, 2021, Unity earned $315.9 million in revenue, beating overall expectations for the quarter. That number is a 43 percent increase over its fourth-quarter revenue from 2020, where it only earned $220.3 million. 

Losses for the quarter clocked in at $144.8 million, a 79 percent increase in money lost over the $80.8 million Unity lost in the fourth quarter of 2020. Unity says the increased losses were primarily driven by an increase in stock-based compensation expenses.

The full-year results for Unity look fairly positive year-over-year, especially when it's only the second year that the engine developer was publicly traded on the stock market. It earned $1.1 billion in revenue across all of 2021 (up 44 percent from 2020), and posted a loss of $531.7 million for the full year. It only lost $274.8 in 2020, meaning its losses increased 93 percent year-over-year.

Along with the increase in stock-based compensation expenses in 2021, Unity said its losses were also derived from $49.8 million spent on the termination of a lease agreement. 

Unity's annual results also provide data on how many of its customers are earning over $100,000 in revenue. That number increased 33 percent year-over-year, jumping from 793 clients at the end of 2020 to 1,052 clients at the end of 2021.

That does mean more high-earning customers are choosing to do business with Unity. It's a number that might continue to climb thanks to Unity's new stewardship of WETA Digital. 

Latest Jobs

Studio Pixanoh LLC

Los Angeles, California
05.20.22
Combat Designer

Treyarch

Playa Vista, California or Vancouver, BC
05.20.22
AI Engineer

Question

Remote
05.20.22
Lead Level Designer (South Park)

Remedy Entertainment

Helsinki Metropolitan Area, Finland
05.23.22
Rigging Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more