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Unity published its financial results for the three months ended March 31, 2021, and reported a 41% increase in revenue year-on-year to reach $234.8 million.
The company said revenue exceeded expectations, but loss from operations amounted to $110.9 million, which Unity noted is 47% of revenue. That compared to a loss of $27.4 million during Q1 2020, which was 16% of revenue.
“Our first quarter 2021 results were impacted by an increase in stock-based compensation expense primarily related to the satisfaction of the performance vesting condition on outstanding RSUs upon completion of our IPO, and an