In October of last year, Unity Gaming Services (UGS) was announced as a suite of tools and services built to simplify every developer’s ability to create, host, and manage their games. Unity said that 1,083 customers each generated more than $100,000 of revenue in the trailing 12 months as of March 31, 2022, compared to 837 as of March 31, 2021.Ĭash, cash equivalents, and restricted cash were $1.2 billion as of March 31, 2022, compared to $1.1 billion as of March 31, 2021. We will continue to invest to capture the opportunity while quickly driving to sustainable and growing profitability.”Ĭreate Solutions revenue was $116.4 million, an increase of 65% Operate Solutions revenue was $184.0 million, an increase of 26% Strategic Partnerships and Other revenue was $19.7 million, an increase of 11%, each as compared to the first quarter of 2021. “We believe we are in the early stages of one of the largest transformations in tech: the move to real-time 3D. “In the first quarter, we continued to add new customers across industries and expand our business with existing customers as we made strategic investments to support long-term value creation while improving margins,” said Luis Visoso, chief financial officer at Unity, in a statement. John Riccitiello, CEO of Unity Technologies. Unity’s after-hours stock price has dropped 28% to $34.60 a share. Short-term, we are laser-focused on accelerating growth in Operate.” “We remain focused on the massive opportunity we see in front of us long-term. “Unity delivered record quarterly revenue in the first quarter of 2022, the highest in the company’s history, up 36% compared with the first quarter of 2021, with Create over-performing at 65% year-over-year growth, offset by slower growth in Operate,” said Unity CEO John Riccitiello, in a statement.
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