Unity has published its financial results for the fourth quarter and the full fiscal year, experiencing a decrease in income during the fourth quarter that exceeded the prior orientation of between $ 422 million to $ 427 million.
The engines also exceeded his guide throughout the year, which was estimated at $ 1.7 billion and $ 1.71 billion.
This is what you need to know:
The numbers
P4 2024
- Revenue: $ 457 million (25% less year -on -year)
- Create income income: $ 152 million (47% less year -on -year)
- Grow Solutions Income: $ 305 million (minus 5% year -on -year)
- Net loss: $ 123 million (compared to $ 254 million for the same quarter last year)
Fiscal Year 2024
- Revenue: $ 1.81 billion (17% less year -on -year)
- Net loss: $ 664 million (compared to $ 826 million in 2023)
The most prominent aspects
Unity attributed its decrease in income in the fourth quarter and the full year to its “portfolio reboot.” The firm canceled its controversial execution time rate in September 2024 and appointed three new executives the following October and November: CTO Steve Collins, Coo Alex Blum and CFO Jarrod Yahes.
According to reports, there were also employment cuts earlier this month, with an unknown number of affected personnel.
According to the reports, in an email sent to the staff and seen by 80.LV, the CEO Matthew Bromberg said the layoffs were “an answer to the options [Unity was] To do what direction the unity will take in the future. “
While the general income of Unity fell 25% year -on -year for their fourth quarter, the company saw a 4% increase in revenues for its strategic portfolio to $ 442 million. This includes its motor, clouds and monetization segments.
“The results of Unity’s fourth quarter significantly exceed expectations both in income and profits, underlining our progress in the construction of a new unit,” Bromberg said.
“The successful launch of Unity 6, the attraction of our new price pricing model and the progress we are doing in AI for our advertising clients provide a lot of optimism for the future.”
Focusing on its segment create solutions (the division in charge of the Unity engine), the income fell 47% year -on -year to $ 152 million due to the restart of the company’s portfolio. However, this was “partially compensated for a 15% growth in subscription income and a 50% growth in the strategic income of the industry.”
As for its Grow Solutions division, Bromberg said “exceeded expectations” despite having dropped 5% interannual to $ 305 million. He pointed out that this result “was not clearly enough to satisfy [Unity’s] ambitions “during a profit call, and the company has” the assets and capabilities to grow much faster. “
During the earning call, Bromberg revealed the “migration of the Unity advertisement network” to its new AI platform, called United Vector.
“Vector is designed to take advantage of data from the entire United ecosystem, integrating self -learning models that will provide deeper information, optimize performance and offer better results for customers,” he said.
“Migration [will] Start towards the end of Q1 2025, with the first phase scheduled to be complete at the end of Q2 “.
Bromberg also highlighted the success of the last engine of Unity, Unity 6, which was launched in October 2024. The engine has been downloaded 2.8 million times since the launch, and 38% of active users have been updated since then.
Looking at Unity’s yield for the whole year, creating income from solutions fell 29% year -on -year to $ 614 million. Once again, these were affected by the restart of the portfolio, but were partially compensated by a 13% increase in subscription income and a 55% increase in industry’s strategic income.
As for Grow Solutions, income fell 10% year -on -year to $ 1.19 billion.
