Unity revenues rise to $1.1 billion

Unity, one of the leading companies in the technology world, announced its annual financial data.

Unity’s financial results for 2021 have been released. Despite the losses, the company grew 44% year over year. Unity revenues rose from $772.4 million in 2020 to $1.1 billion in 2021.

Operate Solutions provided the majority of revenues during the year. The Operate Solutions division covers Unity’s revenue from in-app purchases and advertising. Annual revenue provided by Operate Solutions was announced as approximately $709.1 million. The Create Solutions division generated $326.6 million, and “Strategic Partnerships and Other” revenues generated $74.8 million. Create Solutions is the division within Unity that is responsible for the Unity game engine.

Unity didn’t just make a profit during the year. Financial losses were also included in the published financial report. According to this information, Unity lost $531.7 million in 2021. This loss corresponds to 48% of the total revenue. The financial loss announced by the company in 2020 was approximately $274.8 million. During 2021, Unity’s losses increased, as did its revenues. The company attributes these losses to an increase in share-based compensation expense.

A similar dynamism to Unity’s year-round income and loss statement was also valid for the 4th quarter of 2021. During the quarter, the company generated a revenue of $315 million. Revenue in the same quarter of 2020 was approximately $220 million, with a 43% year-over-year increase in the quarter.

Unity has also signed many acquisitions in the past period. For example, the company recently acquired Ziva Dynamics for an undisclosed sum. A few months before this transaction, Unity acquired Weta Digital for $1.6 billion.

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