Unity has summarized its financial results for the third quarter of 2023. It reported that its revenue was up 69% year-on-year. The growth could have been even higher, but after widespread criticism of the engine’s new pricing policy in September, its revenues declined slightly.
- The entire company earned $544.2 million for the July-September period.
- Grow Solutions (monetization tools) segment revenue was $355 million, jumping 166% year-over-year.
- Create Solutions (development tools) segment revenue was flat year over year at $189 million.
- Unity’s net loss amounted to $125.3 million. For comparison: in the third quarter of 2022 it amounted to $250 million.
- Unity noted that the Runtime Fee scandal has led to short-term problems. The company expects that as gaming companies adapt to the changes, its financial position will improve.
- Unity has not ruled out that it will conduct layoffs again and close a number of offices. The company explained that it intends to review its portfolio and focus on “the projects most valuable to customers.” It is also going to analyze current expenses thoroughly.