has filed for an initial public offering to help its business of making it easier for developers to create video games and other kinds of computer-generated entertainment.
The rumor of Unity’s IPO has been around for a while, and now the company has filed an with the Securities and Exchange Commission. For the first time, Unity publicly revealed its financials. In 2019, the San Francisco maker of the Unity game engine — used by 1.5 million monthly active users to create games and other content — reported a loss of $163.2 million revenue of $541.8 million. In 2018, the company reported a loss of $131.6 million on revenue of $380.7 million.
Unity said that its platform is used in over 50% of mobile games,