๐น Adj EPS: ($0.30) (Est. ($0.37)) ๐ข
๐น Revenue: $457M (Est. $432.91M) ๐ข; DOWN -25% YoY
Q1'25 Guidance:
๐น Revenue: $405Mโ$415M (Est. $436.6M) ๐ด
๐น Adjusted EBITDA: $60Mโ$65M
Segment Performance:
Create Solutions:
๐น Revenue: $152M (DOWN -47% YoY)
๐ธ Adjusted for Wฤtฤ FX termination (~$99M in Q4 2023), revenue decline narrows to -20% YoY
๐น Subscription Revenue Growth: +15% YoY
๐น Industry Strategic Revenue Growth: +50% YoY
Grow Solutions:
๐น Revenue: $305M (DOWN -5% YoY)
๐ธ Adjusted for customer credits (~$21M in Q4 2023), revenue UP +2% YoY
Key Financial Metrics (Q4 FY2024):
๐น GAAP Net Loss: -$123M (vs. -$254M YoY)
๐น Net Loss Margin: (27)% (vs. (42)% YoY)
๐น Free Cash Flow: $106M (UP from $61M YoY)
๐น Net Cash from Operating Activities: $112M (vs. $72M YoY)
๐น Cash & Cash Equivalents: $1.53B
Strategic & Shareholder Updates:
๐ธ Unity 6 Launch: Strong adoption contributing to future optimism
๐ธ New Pricing Model: Positive reception and increased engagement
๐ธ AI Integration: Significant advancements for advertising customers
๐ธ Portfolio Reset: Impacted year-over-year growth but streamlined operations
Management Commentary:
๐ธ CEO Matt Bromberg: "Our Q4 results exceeded expectations in both revenue and profitability, reflecting our efforts to build a stronger Unity. With the success of Unity 6, a new pricing model, and growing AI integration, weโre optimistic about our future and committed to delivering value to our customers and shareholders."