Unity posts profitable quarter with tepid future outlook

Unity revealed its financial earnings for the fourth quarter of 2022 this week. According to the company’s results, it had a profitable quarter for the first time as a public company. It also posted $451 million in revenue for the quarter, as well as $1.39 billion for the full fiscal year. That said, its future earnings projections disappointed analysts who had more robust expectations for this coming year.

According to Unity, it’s revenue for the fourth quarter grew by 43% year-on-year for the quarter, and 25% year-on-year versus 2021. Of its two divisions, Unity’s Create Solutions grew 41% year-on-year with $198 million in, while Grow Solutions grew 12% year-on-year with $253 million. The company also reported that its quarterly profits came in ahead of estimates from its previous quarter.