In this video, I will go over Unity's (U +6.09%) Q1 earnings and talk about the future of the company and why I believe this could be the best play if you believe in the metaverse. You can find the video below, but here are some of the highlights.
- Unity reported revenue of $320 million, up 36% year over year (YOY).
- Revenue from the create solutions segment grew 65% YOY to $116.4 million.
- Revenue from the operate solutions segment grew 26% YOY to $184 million.
- Revenue from strategic partnerships and other segments came in at $19.7 million, an increase of 11% YOY.
- Customers generating more than $100,000 of revenue in the trailing 12 months reached 1,083, up from 837 the year prior.
- The dollar-based net expansion rate came in at 135%, up from 140% the year prior.
- The company expects to grow revenue in Q1 by 35% at the midpoint to $317.5 million. And for the full year, the company guided for 35% growth at the midpoint as well.
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*Stock prices used were the closing prices of May 13, 2022. The video was published on May 17, 2022.
