Unity this week revealed its third-quarter earnings for the year, showing revenue high enough to beat expectations. It attributes its growth to an increase in subscription revenue and the performance of its Vector AI-powered ad network. It adjusted its forecast revenue for the incoming quarter from $480 million to $490 million.
Specifically, the company recorded $471 million in revenue, $152 million of which was for Create Solutions and $318 million was for Grow Solutions. That represents year-on-year growth of 5%, 3% and 6%, respectively. It notes that its growth is offset by some losses in their Grow business and consumption services revenue.
A company spokesperson said in the earnings report, “Third-quarter results once again meaningfully exceeded expectations on both revenue and Adjusted EBITDA, powered by Unity Vector AI, as well as continued strength in Create. As consumer enthusiasm for interactive entertainment continues to grow, Unity is poised to grow with it.”
Unity CEO Matthew Bromberg noted in the previous quarter that the company had work ahead of it to stabilize its ad network, and that Create revenue would drop thanks to the impact of a major deal in Q2.