Unity Software Inc. (U) Q3 2020 Earnings Call Transcript | The Motley Fool

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Unity Software Inc. (NYSE:U)
Q3 2020 Earnings Call
Nov 12, 2020, 5:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

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Richard DavisVice President, Investor and Strategy

Thank you, and welcome everyone, to Unity’s First Financial Results Webcast, highlighting our Results for the Third Quarter of 2020. It’s great to have you join us today after a successful initial public offering. With me on the call, today are John Riccitiello, president, chief executive officer, and executive chairman; and Kim Jabal, senior vice president, and chief financial officer. After their remarks, we will open the call for a Q&A session.

I’d like to remind all participants that during this conference call, any forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals, including business outlook, expectations for future financial performance, and similar items, including, without limitation, expressions using the terminology, may, will, and believe, and expressions which reflect something other than historical fact, are intended to identify forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, including those discussed in the Risk Factors section of our filing with the SEC. Actual results may differ materially from forward-looking statements.

The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events that may arise after this conference call, except as required by law. For more information, please refer to the cautionary statement included in the slides we have posted to our Investor Relations website at investors.unity.com. In addition, during the meeting, we will discuss non-GAAP financial measures. These non-GAAP financial measures are in addition to and not substitute for or superior to measures of financial performance prepared in accordance with GAAP.

The reconciliation between GAAP and non-GAAP financial measures and a discussion of the limitations of using non-GAAP measures can be found in today’s earnings release, which is available on our website and as an exhibit to our filings furnished to the SEC. With that, thank you for joining us, and I will turn it over to John.

John RiccitielloPresident, Chief Executive Officer, and Executive Chairman

Thank you, Richard. Hello, and good afternoon. Thank you for joining us today for our first public company earnings call. I hope you and your loved ones are safe and in good health in these difficult and turbulent times.

I want to begin by thanking the amazing team that got us to this point from our Founders 14 years ago to our employees around the world, our advisors, and our new investors. And we would not be here today without our customers, the creators, the developers, the artists, and the dreamers. We’re looking forward to sharing details about Unity and our third-quarter results with you today. As many of you are aware, we capped our third quarter with a successful IPO that we conducted virtually.

The IPO, or as we like to call it, the UPO, was the second-largest software IPO in the last decade and was executed…



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