Unity Q2 2023: The acquisition of ironSource pays off with a significant increase in sales compared to the previous year

The second quarter results for Unity are in, and it looks like good news for investors. The company’s revenue has hit $533 million — an 80% year-over-year increase — largely due to the engine maker’s acquisition of app monetization platform ironSource in November.

Unity reported that its Grow division’s revenue rose 157% year over year to $340 million, while its Create division’s revenue rose 17% to $193 million due to core subscription services and “strategic partnerships.” rose. The net loss to date is US$193 million, lower than the net loss of US$204 million at the same time last year.

Based on the company’s second-quarter performance, third-quarter revenue guidance has been raised to $540-$550 million. That revenue growth, of course, comes months after the company laid off hundreds of employees, largely due to slumps in the mobile ad market.

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