Unity outperforms guidance in Q2 2024 despite leadership changes

Unity Technologies earned just shy of $450 million in revenue in Q2 2024, outperforming guidance and analyst expectations.

While this is down 2% from its Q1 revenue of $460 million, mobile game engine and infrastructure platform has significantly cut its costs. In Q2, Unity reported a net loss of $126 million — less than half of Q1’s $291 million in losses. The majority of these expenses came from restructuring and reorganization costs.