Unity reported fourth-quarter and full-year 2024 financial results, with revenue and profit exceeding expectations. Fourth-quarter revenue was $457 million, down from $609 million in the same period of 2023, while full-year revenue declined to $1.813 billion from $2.187 billion in 2023. Despite the revenue drop, the company achieved an adjusted EBITDA of $106 million in Q4 and $390 million for the full year, with free cash flow of $106 million and $286 million, respectively.

The strategic portfolio revenue grew 4% year-over-year in Q4 to $442 million. Create Solutions revenue declined significantly, reaching $152 million in Q4 compared to $290 million in the prior year, while Grow Solutions revenue saw a smaller drop to $305 million from $319 million. The company reported a GAAP net loss of $123 million for the quarter and $664 million for the full year.

CEO Matt Bromberg highlighted the successful launch of Unity 6, the adoption of the new pricing model, and advancements in AI for advertising as key drivers for future optimism. The company remains focused on strengthening its strategic portfolio and improving operational efficiency.