Posted 2/26/2024, 9:52:47 PM
Unity Posts 35% Revenue Growth in Q4, Announces Strategic Reset to Focus on Core Businesses
- Revenue grew 35% year-over-year to $609 million in Q4, aided by a one-time $99 million transaction
- Adjusted EBITDA was $186 million, but only $84 million excluding one-time transaction
- GAAP net loss improved to $254 million compared to $288 million loss last year
- Unity is undergoing a strategic reset, focusing on core businesses and reducing costs
- Full-year 2024 guidance Strategic Portfolio revenue of $1.76-$1.80 billion and total company Adjusted EBITDA of $400-$425 million