Game engine 'Unity' development company applied for initial public offering, rival Unreal Engine swayed by App Store ban

Unity Software, which develops the popular game engine ' Unity ', applied for an IPO (Initial Public Offering) on the New York Stock Exchange as of August 24, 2020. The trading symbol will be 'U'.

S-1
https://www.sec.gov/Archives/edgar/data/1810806/000119312520227862/d908875ds1.htm

Unity S-1 IPO filing drops
https://www.cnbc.com/2020/08/24/unity-s-1-ipo-filing-drops.html

Unity Software files for IPO-Axios
https://www.axios.com/unity-software-ipo-9cea6a58-0085-4d09-8c6d-0c0e8a1f6648.html

It was reported in February 2019 that Unity Technologies, which develops Unity, is considering an IPO. This time the IPO application was submitted under the name 'Unity Software' and Unity Technologies is treated as a consolidated subsidiary of Unity Software.

Is 'Unity,' the standard for 3D game engines, preparing for public offering? -GIGAZINE

Unity is used not only for game development but also for car design and movie CG, and BMW, Electronic Arts, Microsoft, Niantic, Sony, Tencent etc. are also customers of Unity. According to the application documents submitted by Unity Software, more than half of the top 1000 game application titles in the App Store and Google Play store in 2019 are produced using Unity.

In addition, Unity has 1.5 million active users every month, and the filings show that apps using Unity are downloaded to more than 1.5 billion devices approximately 3 billion times a month.

Economic media CNBC is a rival to Unreal Engine of the same game engine Epic Games, and it is a leap for Unity because Unreal Engine is likely to be banished from the App Store due to the conflict between Apple and Epic Games at the time of article creation I think it is an opportunity.

Apple's Unreal Engine block makes it impossible to support popular games such as Microsoft's Forza series-GIGAZINE

Unity Software's business model is to make money with a Unity-licensed subscription service and ' Unity Ads, ' which inserts banner ads within the app.

In Unity Software's financial results, in 2018, there was a loss of $131.6 million (about 14 billion yen) against revenue of $ 380 million (about 40.4 billion yen), and in 2019 it was $ 541.8 million (about 574 million) It was said that it was a loss of 133.2 million dollars (about 14.1 billion yen) for the revenue of 100 million yen). In addition, in the first half of 2020, it seems that revenue was $ 351.3 million (about 37.2 billion yen) and loss was 54.2 million dollars (about 5.7 billion yen), so the loss gradually shrinks against increasing revenue ..

According to overseas news media Axios, technology companies such as Snowflake , Sumo Logic , and JFrog, which are cloud data platforms, are expected to submit IPO applications following Unity.