Unity (NYSE: U) shares kicked off Wednesday’s session deep in a hole. The company, the world’s leading game engine, today announced financial results for the fourth quarter and fiscal year ended December 31, 2025.
“Fourth-quarter results once again comfortably exceeded the high-end of our guidance, led by exceptional performance from Vector, which experienced its third consecutive quarter of mid-teen sequential revenue growth, and the best growth we’ve seen in Create in over two years,” said CEO Matt Bromberg.
Revenue was $503 million, compared to $457 million in the fourth quarter 2024. GAAP net loss was $89 million, with a margin of (18)%.
GAAP basic and diluted net loss per share was $0.21. Adjusted EBITDA was $125 million, with a margin of 25%. Net cash provided by operating activities was $121 million.
Annual revenue was $503 million, up 10% year-over-year.
Net loss for the quarter was $89 million, compared to $123 million in the fourth quarter of 2024.
Free cash flow for the quarter was $119 million, compared to $106 million in the fourth quarter of 2024.
Adjusted EPS for the quarter was $0.24, compared to $0.20 in the fourth quarter of 2024.
U shares began Wednesday faltered $7.40, or 25.5% to $21.51.
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