Unity Software Inc. (NYSE: U) reported Q2 EPS of ($0.02), $0.11 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $273.6 million versus the consensus estimate of $243.07 million.

“At Unity, our goal is to provide creators with the best tools to succeed as RT3D creators,” said John Riccitiello, President and Chief Executive Officer, Unity. “Unity is designed to enable creators to build anything digital and to instantly deploy their work across dozens of platform types and devices, which is to make participating in building the metaverse accessible to all creators.”

Unity sees RT3D as the inevitable evolution of the way people engage with digital content, which has become more commonplace across enterprises and industries and which Unity believes will be the foundational technology of the metaverse. Creators and artists of all types turn to Unity to create rich, interactive content, build applications and experiences across platforms and narrow the divide between creators and consumers regardless of industry.

“We had another consecutive strong quarter, with revenue for the quarter at $273.6 million, up 48% year-on-year as we added new customers and expanded our business with existing customers,” said Luis Visoso, Chief Financial Officer, Unity. "While our strong performance is broad based, we are particularly proud of the performance from our Operate Solutions group that expanded market share in a tough en

GUIDANCE:

Unity Software Inc. sees Q3 2021 revenue of $260-265 million, versus the consensus of $253.91 million.

Unity Software Inc. sees FY2021 revenue of $1.045-1.06 billion, versus the consensus of $1.01 billion.

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