The earnings call highlighted significant achievements such as exceeding financial expectations, successful deployment of Unity Vector, strong growth in the Create segment, and strategic partnerships. However, there were some lowlights such as a year-over-year decline in Grow revenue and reliance on non-recurring revenue components. Overall, the positive aspects outweighed the negatives, showcasing a strong quarter with promising future prospects.

Company Guidance

During Unity Technologies' Q2 2025 earnings call, the company exceeded expectations by surpassing the high end of their guidance for both revenue and adjusted EBITDA, with revenue exceeding by $16 million and adjusted EBITDA by $15 million. The Grow segment saw 15% sequential revenue growth, driven by the Unity Ad Network's performance, with expectations of continued growth into Q3. The Create segment reported $154 million in revenue, up 2% year-over-year and sequentially, with double-digit growth in subscriptions. Unity's adjusted EBITDA reached $90 million, representing a 21% margin, and the company recorded a record free cash flow of $127 million. Looking forward, Unity anticipates Q3 revenues between $440 million and $450 million, with adjusted EBITDA projected at $90 million to $95 million, driven by mid-single-digit growth in the Grow segment and stabilization in non-Vector ad products.

Exceeding Financial Expectations

Unity exceeded the top end of guidance on all financial measures in Q2 2025, with revenue surpassing expectations by $16 million and adjusted EBITDA by $15 million.

Unity Vector Success

Unity Vector led to a 15% sequential revenue growth in the Unity Ad Network, and its performance is expected to continue improving into Q3 and beyond.

Strong Create Segment Growth

The Create segment saw double-digit subscription growth, with Create revenue up 2% year-over-year and sequentially, and a 50% increase in downloads of Unity 6.

Major Partnerships and Expansions

Unity announced major partnerships with Tencent, Scopely, and Nintendo, expanding their influence in gaming and strengthening their position in the Chinese market.

Record Free Cash Flow

Unity recorded a free cash flow of $127 million in Q2 2025, an improvement of $47 million year-over-year.

Unity Software (U) Earnings, Revenues Date & History

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U Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.18 / -	0.221	―	―	―
Aug 06, 2025	2025 (Q2)	0.14 / 0.18	0.268	-32.84% (-0.09)	―
May 07, 2025	2025 (Q1)	0.12 / 0.24	0.352	-31.82% (-0.11)	―
Feb 20, 2025	2024 (Q4)	0.15 / 0.24	0.472	-50.00% (-0.24)	―
Nov 07, 2024	2024 (Q3)	0.14 / 0.22	0.322	-31.37% (-0.10)	―
Aug 08, 2024	2024 (Q2)	0.13 / 0.27	0.229	17.03% (+0.04)	―
May 09, 2024	2024 (Q1)	0.07 / 0.35	0.026	1253.85% (+0.33)	―
Feb 26, 2024	2023 (Q4)	0.23 / 0.47	-0.014	3471.43% (+0.49)	―
Nov 09, 2023	2023 (Q3)	0.17 / 0.32	-0.14	330.00% (+0.46)	―
Aug 02, 2023	2023 (Q2)	0.08 / 0.23	-0.18	227.22% (+0.41)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

U Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$33.94	$31.92	-5.95%
May 07, 2025	$21.32	$20.66	-3.10%
Feb 20, 2025	$21.47	$28.00	+30.41%
Nov 07, 2024	$22.21	$20.50	-7.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.