Investment & Economy

Revenue growth of 43% year on year in 2020 From Unity

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Unity Software Inc., the world’s leading platform for creating and interacting real-time 3D content, announced its fourth quarter and annual results as of December 31, 2020.

Revenue in the fourth quarter was $220.3 million, up 39% year-on-year, reflecting unity’s focus on innovation and strong market strategy. The annual revenue of 2021 is expected to range from US $950 million to US $970 million, and the non GAAP operating profit margin is 9% to 11%, which indicates the continuous growth of unity business and the balance of free cash flow.

Financial Summary of 2020

Revenue was $772.4 million, up 43% from 2019.

Revenue from creative solutions, operational solutions and strategic partnerships and other services were $231.3 million, $471.2 million and $70 million, respectively, up 37%, 61% and – 12% from 2019.

The operating loss was $274.8 million, accounting for 36% of revenue, while the operating loss in 2019 was $150.7 million, accounting for 28% of revenue.

The non GAAP operating loss was $50.6 million, accounting for 7% of revenue, while the non GAAP operating loss in 2019 was $91.8 million, accounting for 17% of revenue.

The diluted net loss per share was $1.66, compared with $2.39 in 2019.

The diluted non GAAP net loss per share was $0.39, compared with $1.95 in 2019.

Net cash provided by operating activities was $19.9 million in 2020, compared with $67.9 million in the previous year.

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