Unity reported a net loss of $291 million in Q1 2024 due to $212 million in restructuring costs. The company completed its portfolio and cost reset after laying off over 3,100 employees since June 2022. Unity posted $460 million in revenues for Q1 2024 and anticipates full-year revenues to reach up to $1.8 billion. Marc Whitten, Unity's chief product and technology officer, has resigned from his position and will leave the company by the end of 2024.
Unity's Marc Whitten Resigns Amid Runtime Fee Controversy https://t.co/vVz4jVAxmI
SEC filing: Unity Create CPO and CTO Marc Whitten is stepping down on June 1, less than one year after becoming entangled in the company's Runtime Fee fiasco (@kerrblimey / Game Developer) https://t.co/yg33lbDV5Z 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/g0cIx7mo55
Unity's chief product and technology officer Marc Whitten will resign from his role on June 1, and will leave the firm by the end of 2024 https://t.co/PRfwYCwPSp
Unity Create boss Marc Whitten is resigning Whitten, who was heavily involved in the Runtime Fee debacle, will receive multiple payments worth over $800,000 upon leaving the company https://t.co/fH8iTkv4GI https://t.co/JkyrOFcPE3
Marc Whitten quits Unity https://t.co/VHhs1Ggesj #gamedev #gamedevelopment #unity3d #indiedev
Marc Whitten, chief product and technology officer of Unity Create, has resigned from his post.
Unity has released its financial report for the first quarter of 2024, reporting a loss of $291 million and confirming the completion of the restructuring process. Details: https://t.co/nDpRnfDQeP #unity #gameindustry https://t.co/g1vq8uJ6LY
.@unity has released its financial report for the first quarter of 2024, reporting a loss of $291 million and confirming the completion of the restructuring process. Details: https://t.co/nDpRnfEo4n #unity #gameindustry https://t.co/9KXp56IxAu
Unity posted $460m revenues and a $291m loss in Q1 2024, expects full-year revenues to reach up to $1.8bn https://t.co/e4nM6alCtc
Unity says restructure that saw mass layoffs is now complete as it posts Q1 2024 revenue decline https://t.co/c9QELqzfnA https://t.co/GYA3u7aUG0
After laying off more than 3,100 people since June 2022, Unity says its "portfolio and cost reset" is now completed https://t.co/e4nM6alCtc
Unity posted a net loss of $291m in Q1 2024, thanks largely to $212m in restructuring costs. But the engine firm says its "portfolio and cost reset" is now completed https://t.co/e4nM6al4DE