Unity Software Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2022 and Full Year Ending December 31, 2022
May 11, 2022 at 01:35 am IST
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Unity Software Inc. provided earnings guidance for the second quarter ending June 30, 2022 and full year ending December 31, 2022. For the quarter, the company expects revenue to be between $290 million to $295 million. Year-over-year revenue growth to be 6% to 8%.
For the full year, the company expects revenue to be between $1,350 million to $1,425 million. Year-over-year revenue growth to be 22% to 28%.
Unity Software Inc. provides a platform for creating and growing interactive, real-time 3D (RT3D) content and experiences. Its set of software, including artificial intelligence (AI) solutions, supports creators through the entire development lifecycle as they build, run, and grow immersive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. Its platform consists of two complementary sets of solutions: Create Solutions and Grow Solutions. Create Solutions is a robust set of tools and services used to build, ship and run high-definition, real-time 2D and 3D content. Designed for developers, these tools and services are used across a range of industries ranging from games to aerospace, construction to retail, medical to manufacturing, and others. Grow Solutions offers customers to engage their user base and monetize their content from 2D puzzle games to multiplayer, multi-platform games, or other 3D interactive content.