8 ms·
Unity has lost $455 million dollars in the first 6 months of the fiscal year 2023. They lost $919 million in 2022. I don't think they have ever made a profit.
by joobus 3y ago
Unity has lost $455 million dollars in the first 6 months of the fiscal year 2023. They lost $919 million in 2022. I don't think they have ever made a profit. Companies are not charities; they exist to make money, and Unity doesn't by a mile.
https://www.sec.gov/Archives/edgar/data/1810806/000181080623000126/a2023_q2shareholderlette.htm https://www.sec.gov/Archives/edgar/data/1810806/000181080623...
- the_gipsy 3y agoSo what? They're doing classic bait & switch. The fact that they weren't profitable just makes it even more pathetic.
- pjc50 3y agoPost-IPO unity may not have made a profit (although that link of yours shows positive EBITDA in recent quarters), but they only went public in 2020.
- zzbn00 3y agoThis is the key. Companies that lose money are unreliable long-term partners.
- troupo 3y ago> Companies are not charities; they exist to make money Funny you're saying that when so many US companies are losing billions if dollars and viewed as successful :)
- Aerroon 3y agoHow do you lose that much money? How does Unity Technologies employ 7700 people?! For comparison: Epic Games employs about 3700 people. That includes the people working on Fortnite and the Epic Games store. Edit: the stats might be a bit questionable though.
- richbell 3y agoIt sounds like Unity needs to learn some personal responsibility. Why should they get a hand out at our expense? /s Seriously though, that is an insane number of employees. It sounds like another case of poor leadership that thought there'd be free money forever.
- RantyDave 3y agoThere's a big chunk of "technically unity" that used to be Weta.
- lwkl 3y agoAccording to Wilipedia only 275 employees became part of Unity theough this acquisition.