Unity Software
Q4 2022 Earnings Call
Feb 22, 2023, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Richard Davis
Welcome to Unity's fourth quarter 2022 earnings call. After the closing of the market today, we issued our earnings press release and shareholders' letter. These materials are now available on our investor website at investors.unity.com. Today, I'm joined by John Ricatello, our CEO, president, and chairman; and by Luis Visoso, our CFO.
But before we begin, I want to note that today's discussion contains forward-looking statements, including statements about goals, business outlook, industry trends, market opportunities expectations for future financial performance, and similar items, 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. Actual results may differ, and we take no obligation to revise or update any forward-looking statements. Now as in prior quarters, we are providing both GAAP and non-GAAP financial measures.
And unless otherwise noted, we will be speaking to the non-GAAP financial measures when describing our results. The shareholder letter and press release are available on the Unity Investor Relations tab, as well as sec.gov, and includes full GAAP to non-GAAP reconciliations. Great. Thank you very much.
As you all have seen, we've published a shareholders' letter this afternoon. And before we go into Q&A, let's start with -- we're going to open it up to open Q&A. But before we get to that, we've gotten a handful of questions that we're getting from investors. And the first one is for you, John.
John, we've received a lot of questions about the macro environment, specifically in the mobile game market industries and Digital Twins side of our business. So, again, before we go into broader Q&A, maybe you could explain how you kind of see the macro environment playing out for Unity. And then I'll have one quick question for Luis as well.
John Riccitiello -- President, Chief Executive Officer, and Executive Chairman
Sure. So, broadly, the macro environment remains surprisingly resilient. If you look at the gaming industry, we're seeing our developers are as productive as they've been before. They're producing a huge number of games.
Their investment against game development is holding up well. We're seeing strong DAUs or users in our network, suggestive of overall gameplay that remains strong. And then within the industry side, where we reported over 100% growth last year in Digital Twins, there continues to be very robust demand. And so maybe some elongated sales cycles, where people take a little bit longer to decide, but you've got demand far in excess of our ability to supply.