Financial Data and Key Metrics Changes - Unity experienced exceptional momentum in Q4 2025, achieving the fastest growth and highest margin in the past two years, with Grow revenue at $338 million, up 6% sequentially and 11% year-over-year [18][19] - Adjusted EBITDA for the quarter was $125 million, representing 25% margins, an improvement of 200 basis points year-over-year and sequentially [20][21] - Free cash flow grew 41% in 2025 to just over $400 million, with a conversion rate of 99% of Adjusted EBITDA to free cash flow [23] Business Line Data and Key Metrics Changes - Grow revenue in Q4 was significantly driven by Vector, which represented 56% of Grow revenue, up from 49% two quarters ago, with Vector experiencing mid-teen sequential growth [19] - Create revenue was $165 million, up 8% year-over-year, with a healthy 16% growth when excluding non-strategic revenue [20] - The Create business saw nearly 50% growth in China, driven by interoperability with local platforms [6] Market Data and Key Metrics Changes - The ironSource ad network is expected to represent less than 6% of total Unity revenue in Q1 2026, indicating a shift towards higher-quality AI platform revenue [5][6] - Unity's advertising business is anticipated to benefit from the growth of Vector, which is expected to exceed a $1 billion annual revenue run rate by the end of 2026 [5][19] Company Strategy and Development Direction - Unity is focusing on enhancing its advertising business through Vector and integrating AI into the creation process, aiming to democratize game development [9][17] - The company plans to make authoring workflows accessible via web browsers, expanding its addressable market by allowing collaboration among various stakeholders [12][13] - AI-driven authoring tools are set to be unveiled, enabling developers to create games using natural language prompts, which will lower barriers to entry for new creators [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth trajectory of Vector, emphasizing that the business is in the early stages of a multi-year growth story [19][32] - The company is confident in its ability to compete with major players in the industry, noting that competition from companies like Meta has not significantly impacted its growth [42] - Management highlighted the importance of AI as a tailwind for the video game industry, predicting increased leisure time and efficiency in game creation [47] Other Important Information - Unity successfully refinanced $690 million of its 2026 convertible notes, extending maturities to 2030, and ended the year with over $2 billion in cash [24] - The company is focused on cost discipline and prudent capital allocation, which has positively impacted profitability and cash flow [22] Q&A Session Summary Question: What is the growth outlook for Vector and the impact of ironSource? - Management expressed excitement about Vector's growth, noting January was its best month ever, and indicated that ironSource will become less material to overall revenue as Vector continues to grow [31][33] Question: What is the demand for the commerce tools? - Management reported strong customer interest in the upcoming commerce tools, highlighting benefits such as accelerated adaptation to regulatory changes and integration with existing systems [34][35] Question: How is Meta's competition affecting Unity? - Management stated that Meta has been competitive for some time but emphasized that it has not had a meaningful impact on Unity's growth, maintaining focus on its core business [42] Question: What are the implications of AI advancements for Unity? - Management believes AI will significantly enhance game development efficiency and create opportunities for monetization, allowing for a larger customer base [47][75]

周三，Unity Software(U.US)盘前股价暴跌，截至发稿，该股跌超23%，报22.32美元。大跌主要源于公 司最新业绩指引不及市场预期。该公司预计2026年第一季度营收中值为4.85亿美元，低于分析师普遍预 期的4.918亿美元，虽然下调幅度仅约1.4%，在当前软件板块整体面临增长可持续性和估值重估压力的 背景下，任何指引层面的"边际走弱"都会被市场迅速放大，引发投资者对公司未来增长前景的担忧。 ...

智通财经APP获悉，周三，Unity Software(U.US)盘前股价暴跌，截至发稿，该股跌超23%，报22.32美 元。大跌主要源于公司最新业绩指引不及市场预期。该公司预计2026年第一季度营收中值为4.85亿美 元，低于分析师普遍预期的4.918亿美元，虽然下调幅度仅约1.4%，在当前软件板块整体面临增长可持 续性和估值重估压力的背景下，任何指引层面的"边际走弱"都会被市场迅速放大，引发投资者对公司未 来增长前景的担忧。 ...

Unity Software Inc. (U) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to a loss of $0.3 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +20.00%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.2, delivering a surprise of +17.65%.Over the last four quarters, the company ha ...

智通财经APP获悉，全球领先游戏引擎开发商Unity Software(U.US)周二公布2025年第四季度财报，在市 场深陷"AI 削弱传统软件价值"的疑虑中，Unity 用一份核心指标双杀预期的战报给出了有力回击。受AI 驱动的Vector业务连续三个季度实现中双位数环比增长及Create业务创两年最佳表现推动，公司季度营 收首次站上5亿美元关口。 数据显示，公司Q4总营收为5.031亿美元，超越市场一致预期的4.8895亿美元;每股收益(EPS)为0.24美 元，较分析师预期值0.21美元高出0.03美元。 核心业务拆解：AI 并非挑战者，而是增长引擎 公司高管发表了乐观言论。Unity总裁兼首席执行官马特·布朗伯格表示："第四季度业绩再次轻松超越指 引上限。Vector展现迅猛增长动能，该业务已连续三个季度实现中双位数环比营收增长，同时Create业 务也创下逾两年来最快增速。" "随着Vector展现迅猛增长动能，Unity 6引擎采用速度达到我们历史上最高水平，公司成为下一代交互 娱乐核心基础设施的战略目标正愈发清晰。" 盈利能力方面，Q4 GAAP 净亏损显著收窄至 8900 万美元，亏损率优化 ...

The maker of game-development software beats earnings expectations but issues weak guidance for the current quarter. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR For the transition period from _______ to _______ Commission File Number: 001-39497 UNITY SOFTWARE INC. (Exact name of registrant as specified in its charter) Delaware 27-0334803 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 116 Ne ...

Exhibit 99.1 Unity Reports Fourth Quarter and Fiscal Year 2025 Financial Results SAN FRANCISCO, February 11, 2026 -- Unity (NYSE: U), the world's leading game engine, today announced financial results for the fourth quarter and fiscal year ended December 31, 2025. "Fourth quarter results once again comfortably exceeded the high-end of our guidance, led by exceptional performance from Vector, which experienced its third consecutive quarter of mid-teen sequential revenue growth, and the best growth we've seen ...

Unity Software Inc. (NYSE:U) will release earnings for its fourth quarter before the opening bell on Wednesday, Feb. 11.Analysts expect the San Francisco, California-based company to report quarterly loss of 21 cents per share. That's up from 30 cents per share in the year-ago period. The consensus estimate for Unity Software's quarterly revenue is $492.82 million (it reported $457.1 million last year), according to Benzinga Pro.On Feb. 10, Unity appointed gaming and technology veteran Bernard Kim as an ind ...

Group 1 - Unity Software Inc. is set to release its fourth-quarter earnings on February 11, with analysts predicting a loss of 21 cents per share, an improvement from a loss of 30 cents per share in the same period last year [1] - The consensus estimate for Unity's quarterly revenue is $492.82 million, up from $457.1 million reported last year [1] - Unity appointed Bernard Kim as an independent director to its Board of Directors, effective May 1 [2] Group 2 - Unity's shares increased by 5.6%, closing at $29.06 on Tuesday [2] - Analysts are providing updated ratings and insights on Unity, accessible through Benzinga's Analyst Stock Ratings page [2]