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Comment by joobus | Hacker News Reader

Unity has lost $455 million dollars in the first 6 months of the fiscal year 2023. They lost $919 million in 2022. I don't think they have ever made a profit. Companies are not charities; they exist to make money, and Unity doesn't by a mile.

https://www.sec.gov/Archives/edgar/data/1810806/000181080623...

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How do you lose that much money? How does Unity Technologies employ 7700 people?!

For comparison: Epic Games employs about 3700 people. That includes the people working on Fortnite and the Epic Games store.

Edit: the stats might be a bit questionable though.

It sounds like Unity needs to learn some personal responsibility. Why should they get a hand out at our expense? /s

Seriously though, that is an insane number of employees. It sounds like another case of poor leadership that thought there'd be free money forever.

There's a big chunk of "technically unity" that used to be Weta.

According to Wilipedia only 275 employees became part of Unity theough this acquisition.

Post-IPO unity may not have made a profit (although that link of yours shows positive EBITDA in recent quarters), but they only went public in 2020.

So what? They're doing classic bait & switch.

The fact that they weren't profitable just makes it even more pathetic.

> Companies are not charities; they exist to make money

Funny you're saying that when so many US companies are losing billions if dollars and viewed as successful :)

This is the key. Companies that lose money are unreliable long-term partners.

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