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.


Curtis Crabtree

Curtis Crabtree is a 24ssports U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Curtis Crabtree joined 24ssports in 2021 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing: curtiscrabtree@24ssports.com.

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