Unity Announces Third Quarter 2020 Financial Results
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Unity Software Inc. (U) Tops Q3 EPS by 6c, Revenues Beat; Offers 4Q & FY20 Revenue Guidance Above Consensus
November 12, 2020 4:07 PM ESTUnity Software Inc. (NYSE: U) reported Q3 EPS of ($0.09), $0.06 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $200.8 million versus the consensus estimate of $186.87 million.
Third Quarter 2020 Financial Highlights
Revenue was $200.8 million, an increase of 53.3% from the third quarter of 2019.Loss from operations was $141.7 million, or 70.6% of revenue, compared to loss from operations of $41.7 million, or 31.9% of revenue, in the third quarter of 2019. Our third quarter results were impacted by a one-time charge associated with restricted stock unit expense recognition in connection with our initial public... More