NYSE$U

Unity Software Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Unity achieved record revenue and made significant strides in real-time 3D content creation and operation.

Unity's Q4 2020 revenue reached $220.3 million, a 39% increase year-over-year. The company saw growth across Create Solutions, Operate Solutions, and Strategic Partnerships. They are anticipating revenue between $950 million and $970 million for the full year 2021.

  • Revenue increased by 39% year-over-year, reaching $220.3 million.
  • Create Solutions and Operate Solutions revenue increased by 39% and 55%, respectively.
  • Net loss per share was $0.31, while non-GAAP net loss per share was $0.10.
  • Dollar-based net expansion rate was 138% as of December 31, 2020, compared to 133% as of December 31, 2019.

Headline financials

Total Revenue

$220M

Previous: $158M+39.4%
EPS (adj)

-$0.10

Previous: -$2.39+95.8%
Capital Expenditures

$11.2M

Previous: $10.6M+5.7%
Free Cash Flow

$3.57M

Previous: -$9.7M+136.7%
Net Income

-$83.5M

Previous: -$50.6M-65.1%
Operating Income

-$80.8M

Previous: -$48.6M-66.4%
Gross Profit

$168M

Previous: $128M+31.0%
Cash & Equivalents

$1.27B

Previous: $130M+879.2%
Total Assets

$2.67B

Previous: $763M+250.2%
Stock-Based Comp

$51.1M

Previous: $7.08M+621.5%

Revenue & EPS history

Unity · Revenue · Quarterly

$220M

Q4 2020+39.4%vs Q4 2019
Beat estimate in 5 of 10 quarters(50%)
ActualEstimate

Revenue by segment

Unity · $201M total across 2 segments · Q4 2020

  • Grow Solutions
    $134M+54.9%
  • Create Solutions
    $66.9M+39.1%

Forward guidance

Unity provided guidance for Q1 2021 with revenue expected between $210 million and $220 million, and for the full year 2021, revenue is expected to be between $950 million and $970 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+2.1%

Avg return

Earnings day

+3.9%

Avg return

5 days after

+5.8%

Avg return

30 days after

58%

14 / 24 earnings

Positive

+30.4%

Q4 2024

Best reaction

-39.9%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.8%-1.7%+6.9%
Q4 2025-26.3%-35.7%-33.1%
Q3 2025+18.1%+20.2%+27.6%
Q1 2025-3.1%+2.4%+17.9%
Q4 2024+30.4%+19.5%+0.4%
Q3 2024-5.4%-11.3%+27.9%
Q2 2024+11.6%+16.7%+13.9%
Q1 2024-10.0%-4.4%-28.3%
Q4 2023-0.8%-7.5%-13.7%
Q3 2023+3.6%+12.0%+25.5%
Q2 2023-9.2%-11.8%-18.1%
Q1 2023+14.8%+6.1%+28.4%
Q4 2022-12.7%-18.8%-21.3%
Q3 2022+17.1%+37.6%+42.8%
Q2 2022+11.7%+17.5%-22.1%
Q1 2022-39.9%-22.4%-18.0%
Q4 2021+6.5%+5.5%-12.7%
Q3 2021+8.2%+20.6%-14.2%
Q2 2020+18.2%+14.0%+26.1%
Q2 2021+10.1%+16.9%+21.7%
Q1 2021+3.3%+7.2%+23.6%
Q4 2020-13.3%-13.7%-36.7%
Q4 2019+9.6%+13.0%+49.9%
Q3 2020+8.7%+11.8%+44.4%
Q1 2020
Q3 2019
Q2 2019
Q1 2019

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