Unity Software Inc. (U) Tops Q4 EPS by 4c; Guides

Unity Software Inc. (NYSE: U) reported Q4 EPS of ($0.10), $0.04 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $220.3 million versus the consensus estimate of $204.23 million.

“Unity achieved record fourth quarter and full year 2020 revenues in an unprecedented and fast changing technological and economic environment,” said John Riccitiello, President and Chief Executive Officer of Unity. “As the leader in creating and operating tools for the world of real-time 3D content, we continue to invest with the intent to capture what we believe is a substantial opportunity ahead in 2021 and years beyond.”

“Our fourth quarter revenue of $220.3 million, a 39% increase year-over-year, substantiates our focus on innovation and our powerful go-to-market strategy,” said Kim Jabal, Chief Financial Officer of Unity. “Our full year 2021 revenue outlook is a range of $950 million to $970 million, with non-GAAP operating margin of (9)% to (11)%, demonstrating the continued growth in our business and our dedication to a path to free cash flow break-even.”

GUIDANCE:

Unity Software Inc. sees Q1 2021 revenue of $210-220 million, versus the consensus of $213 million.

Unity Software Inc. sees FY2021 revenue of $950-970 million, versus the consensus of $956.08 million.

For earnings history and earnings-related data on Unity Software Inc. (U) click here.

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