Unity Q3 2020 results

Shares of video game software developer Unity Software fell 6% after-hours on Thursday as the company posted growing net losses in its third-quarter results.

Here’s what they reported:

• Loss per share: 97 cents
• Returned: $ 200.8 million
• Net loss: $ 144.7 million

CNBC does not compare earnings and reported income to Wall Street estimates for a company’s first report as a public company because uncertain stock counts can skew expectations.

The company posted a net loss of $ 144.7 million, up 218% from a net loss of $ 45.5 million a year earlier. Revenue, however, reached $ 200.8 million, up 53.3% year-over-year from $ 130.9 million.

The company also announced that it expected fourth-quarter revenue to be between $ 200 million and $ 204 million. The revenue outlook for the year 2020 is expected to be between $ 752 million and $ 756 million. This would represent an increase of 38.8% to 39.5% over Unity’s 2019 revenue.

Unity gives developers the tools to create 3D titles for phones, consoles, and the web without having to code for each platform. “Pokemon Go” and “Fall Guys: Ultimate Knockout” are among the games developed using Unity software. It is also used for games published by Electronic Arts, Take-Two Interactive, Tencent, and Ubisoft.

Thursday’s earnings report is Unity’s first since the company went public in September.