Unity Software Inc (NYSE:U) reported fourth-quarter financial results after the market close on Monday. Here’s a rundown of the report.
Q4 Earnings: Unity said fourth-quarter revenue increased 35% year-over-year to $609 million, beating the consensus estimate of $562.71 million. The company reported a quarterly loss of 66 cents per share, which missed estimates for a loss of 42 cents per share, according to Benzinga Pro.
Create Solutions revenue came in at $290 million, up 47% on a year-over-year basis. Grow Solutions revenue totaled $319 million, up 26% year-over-year. Cash provided by operations was $72 million in the quarter and free cash flow totaled $61 million.
Unity provided an update on its portfolio reset which includes narrowing …
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