Unity Software Inc. reports its second-quarter revenue in 2021 rose by 48% to $273.6 million from last year, according to a news release by Unity on Tuesday.
- The results mark the 11th consecutive quarter of 30% or more significant growth as the company surpasses $1 billion in annual revenue run rate.
- The loss from operations widened to $149.2 million, 55% of revenue, compared to $24.8 million, 13% of revenue, in the Q2 of 2020.
- Unity continues to record increased momentum in non-gaming industries as they added three new automotive manufacturers and started to work with several consumer product brands.
- The San Francisco-based 3D content maker is raising full-year guidance, with YOY revenue growth expected to improve to around 35% to 37%.
In Q2, Unity acquired long-term partner Metaverse Technologies that helps the company’s professional creators to quickly import 3D data into Unity and optimize models for real-time development as well as enhance artist authoring workflows and environment creation capabilities. U +9.75%