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Unity Announces Second Quarter 2021 Financial Results Q2 Revenue up 48 % , exceeding expectations ; Raises guidance again SAN FRANCISCO , Calif . , August 10 , 2021 — Unity Software Inc. ( NYSE : U ) , the world's leading platform for creating and operating interactive , real - time 3D ( RT3D ) content , today announced second quarter 2021 revenue of $ 273.6 million , which is up 48 % from the year prior and ahead of guidance . This marks the 11th consecutive quarter of 30 % or greater growth as the company crosses $ 1 billion in annual revenue run rate . Unity is increasing full year guidance for 2021 . Exhibit 99.1 " At Unity , our goal is to provide creators with the best tools to succeed as RT3D creators , " said John Riccitiello , President and Chief Executive Officer , Unity . " Unity is designed to enable creators to build anything digital and to instantly deploy their work across dozens of platform types and devices , which is to make participating in building the metaverse accessible to all creators . " Unity sees RT3D as the inevitable evolution of the way people engage with digital content , which has become more commonplace across enterprises and industries and which Unity believes will be the foundational technology of the metaverse . Creators and artists of all types turn to Unity to create rich , interactive content , build applications and experiences across platforms and narrow the divide between creators and consumers regardless of industry . " We had another consecutive strong quarter , with revenue for the quarter at $ 273.6 million , up 48 % year - on - year as we added new customers and expanded our business with existing customers , " said Luis Visoso , Chief Financial Officer , Unity . " While our strong performance is broad based , we are particularly proud of the performance from our Operate Solutions group that expanded market share in a tough environment . Our strong performance gives us confidence to raise guidance for the year , again . " Second Quarter 2021 Financial Highlights Revenue was $ 273.6 million , an increase of 48 % from the second quarter of 2020 . Create Solutions , Operate Solutions , and Strategic Partnerships and Other revenue was $ 72.4 million , $ 182.9 million , and $ 18.3 million , respectively , an increase of 31 % , 63 % , and 9 % , respectively , from the second quarter of 2020 . Loss from operations was $ 149.2 million , or 55 % of revenue , compared to loss from operations of $ 24.8 million , or 13 % of revenue , in the second quarter of 2020 . Non - GAAP loss from operations was $ 3.2 million , or 1 % of revenue , compared to a non - GAAP loss from operations of $ 8.7 million , or 5 % of revenue , in the second quarter of 2020 . Basic and diluted net loss per share was $ 0.53 , compared to basic and diluted net loss per share of $ 0.21 in the second quarter of 2020 . Basic and diluted non - GAAP net loss per share was $ 0.02 , compared to basic and diluted non - GAAP net loss per share of $ 0.09 in the second quarter of 2020 . 888 customers each generated more than $ 100,000 of revenue in the trailing 12 months as of June 30 , 2021 , compared to 716 as of June 30 , 2020 . Dollar - based net expansion rate as of June 30 , 2021 was 142 % as compared to 142 % as of June 30 , 2020 . Net cash used in operating activities was $ 26.7 million for the second quarter of 2021 , compared to net cash provided by operating activities of $ 16.6 million for the same period last year . Free cash flow in the second quarter of 2021 was $ ( 33.5 ) million , compared to $ 4.9 million for the same period last year . Cash , cash equivalents , and restricted cash were $ 1.0 billion as of June 30 , 2021 , compared to $ 0.5 billion as of June 30 , 2020 . 1