Unity was never profitable and was always dependent on vc money.
For sure it's a great product, but the truth is that it was subsidized by vc capital and is not a sustainable business
For sure it's a great product, but the truth is that it was subsidized by vc capital and is not a sustainable business
The debate is around is it worth $5 billion or $50 billion. It's not as easy as one might think to figure which.
Only because they are issuing massive amounts of stock (IIRC ~15% per year) to pay their employees and not doing any buybacks. How sustainable is that?
> It's growing at a very healthy rate
The problem is that it’s not. YoY growth they reported yesterday was -2% and they are also guiding for negative growth next year.
It's not bad, you just have to be aware of it. It's in the k - right there in the income statement (the opex lines will all have some % which is equity) and cashflow statement (the operating cashflow calc explicitly has a line for it).