Unity Software reported full-year 2024 revenue of $1.81 billion, down 17% from $2.19 billion in 2023, as the company reset its portfolio to focus on core businesses. Create Solutions revenue declined to $614 million from $859 million, while Grow Solutions revenue fell to $1.20 billion from $1.33 billion. The company posted a net loss of $664 million, improved from $826 million loss in 2023.The company underwent significant restructuring in 2024, reducing its workforce by approximately 25% in Q1 and incurring $214 million in employee separation costs. Unity also recorded $53 million in restructuring charges primarily related to office closures. The strategic reset focused on the Unity Engine, related consumption services, and Monetization solutions while exiting non-core businesses.Management initiated a comprehensive rebuild of its machine learning stack and data infrastructure, including the rollout of Vector, its new machine-learning model. The company ended the year with $1.5 billion in cash and cash equivalents. While near-term revenue may be impacted by the portfolio reset and transition to new machine learning capabilities, Unity expects these changes to strengthen its core business long-term.

Unity Software reported full-year 2024 revenue of $1.81 billion, down 17% from $2.19 billion in 2023, as the company reset its portfolio to focus on core businesses. Create Solutions revenue declined to $614 million from $859 million, while Grow Solutions revenue fell to $1.20 billion from $1.33 billion. The company posted a net loss of $664 million, improved from $826 million loss in 2023.The company underwent significant restructuring in 2024, reducing its workforce by approximately 25% in Q1 and incurring $214 million in employee separation costs. Unity also recorded $53 million in restructuring charges primarily related to office closures. The strategic reset focused on the Unity Engine, related consumption services, and Monetization solutions while exiting non-core businesses.Management initiated a comprehensive rebuild of its machine learning stack and data infrastructure, including the rollout of Vector, its new machine-learning model. The company ended the year with $1.5 billion in cash and cash equivalents. While near-term revenue may be impacted by the portfolio reset and transition to new machine learning capabilities, Unity expects these changes to strengthen its core business long-term.