Unity Software Inc

unity.com

What Do They Do?

Sells advertising and publishing tools for app developers, publishers and device makers to monetize apps and games. Also sells software and services for building interactive experiences to developers in gaming and other industries.

How Do They Make Money?

Create customers pay for subscriptions and support in recurring installments; they pay for professional services at milestones or delivery, and consumption services by fixed fee or use. Grow earns a share of advertising transactions when an ad is displayed or an agreed action is completed, plus revenue from ads and related purchases in published games.

revenue

Segment	Share	Revenue	How money arrives
Create Solutions Recurring	34% FY2022: 51%		Recurring
Grow Solutions Usage-based	66% FY2022: 49%		Usage-based

Who Are Their Customers?

Organizations and individual creators use its creation tools; app publishers, device makers and mobile carriers use monetization and publishing services, while advertisers buy in-app and on-device placements through Unity’s platform.

Do Revenues Turn Into Profits?

Not on paper. It lost $402.8M in FY2025, but brought in more cash than it spent: $403.9M of free cash flow.

Operating income, FY2025

−26% of revenue

▼ −37% (Loss) vs FY2024 (−$755.1M, −42%)

Net income, FY2025

−22% of revenue

▼ −39% (Loss) vs FY2024 (−$664.1M, −37%)

Free cash flow, FY2025

22% of revenue

▲ +41% vs FY2024 ($286M, 16%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +24%; vs $440.9M in Q2 FY2025
Net income: ▼ −78% (Loss); vs −$108.8M in Q2 FY2025

Grow Solutions share of revenue vs 65.1% in Q2 FY2025

Aug 6, 2026 Sold Supersonic, sunset an ad network and gave revenue guidance Supersonic was sold and the ironSource Ads network was sunset; Unity also gave strategic revenue guidance for the following quarter.
Mar 26, 2026 Announced planned exit from certain non-strategic businesses The company announced the planned exit of certain non-strategic businesses.

Growing. Revenue grew 67% in 4 years, from $1.1B in FY2021 to $1.8B in FY2025, about 14% a year.

Portfolio focus The latest report says Unity reset its offerings around the Unity Engine, related consumption services and monetization solutions; the older report describes a broader Grow toolkit including user acquisition, retention, cross-channel marketing and analytics.

Revenue over time

Create Solutions Grow Solutions

$2.5B$1.3B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Chukong Technologies, Epic Games, AppLovin, Voodoo, Moloco, and Digital Turbine

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