Unity Software Inc.
Q2 2022 Earnings Call
Aug 09, 2022, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Richard Davis
Thank you, everyone, for joining Unity's second quarter earnings call. I would like to remind participants that during this conference call, we will be making forward-looking statements, including statements about goals, outlook, industry trends, market opportunities and expectations for future financial performance, all of which are subject to risks, uncertainties and assumptions. You can find more information about these risks and uncertainties in the Risk Factors section of our filings at sec.gov and the press release we issued this morning. Actual results may and we take no obligation to revise or update any forward-looking statements.
We will also be discussing non-GAAP financial measures today and reconciliations between our GAAP and non-GAAP financial results and the discussion and limitations of our non-GAAP financial measures, can be found in our earnings press release, which was issued earlier today and is available on our website under the Investor Relations tab on the appendix to this call slide deck. On July 13, we announced a definitive agreement to merge with ironSource, which we expect to close in the fourth quarter of this year. We also preannounced that our second quarter results were slightly higher than the top end of our guidance and reduced our full year revenue guidance. Today, we will go deeper into our results and projections.
Now joining me today are our CEO, John Riccitiello; our CFO, Luis Visoso; Marc Whitten, our create solutions leader; and Ingrid Lestiyo our operate solutions leader. With that, let me turn the call over to John.
John Riccitiello -- President, Chief Executive Officer, and Executive Chairman
Thank you, Richard. Before we dive in, I want to address what everyone is aware of, the AppLovin proposal. I acknowledge we received a proposal, and I want you to know that we aren't going to make any comments at this time. I'd like to start this call by reminding us of Unity's North Star, and that is our belief that the world is a better place with more creators in it.
It is this belief that has guided us over the years and continue to guide our decisions across the company. Through years of innovation, investments and hard work by everyone at Unity, Unity has become the world's leading platform for real-time 3D content creation designed to enable creator success and ultimately led to Unity having two main lines of business: create to help creators make real-time 3D content and operate where we help these creators find operational and business success with their content. The second quarter of 2022 came in consistent with our last update, but well below the standard we have set for ourselves for growth and value creation. We can and will do better.