Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
|---|
| We actually feel very proud of what we've accomplished |
| It's the innovation across both businesses, both in games and across industries where we expect to accelerate growth |
| So, I feel highly confident that by focusing on software and building partnerships with people who frankly have more scale and expertise on delivering in-solutions, we will substantially accelerate that business |
| So, the reason why we are excited about and confident that we'll see some acceleration is really back-end innovation that we are bringing across all our product lines |
| And obviously, there is great interest in all our AI tools from our customers |
| So, we're very excited about that |
| So, very healthy levels of growth |
| We've also instituted a much leaner cost structure that provides us a healthy profile |
| So, we are -- I am absolutely convinced -- the company is absolutely convinced that we call it industries, but selling into non-gaming enterprise customers is a tremendous opportunity for us going forward |
| And third, we're in the process of improving our growth performance specifically our user acquisition through better use of data and stronger models, and I'm very confident you'll see accelerating growth in our Grow business going forward |
| And again, talking to some of our customers, they're really excited about it because I think they know that we're better at building interactive 3D software, not necessarily building their industry vertical solutions out of that |
| So that's why we feel confident about our ability to reaccelerate growth because we're funding those things that really matter |
| It was about getting us lean and efficient and fully resourcing the areas we expect to win because ultimately, we believe there is a tremendous amount of growth in the company |
| We expect revenue growth to accelerate in the second half of 2024, and maintain attractive levels of revenue growth thereafter while maintaining and extending our profitability |
| And finally, our engagement with our editor continues to be super, super strong |
| This is about reigniting revenue growth with healthy financials |
| That is good for us long term." So, our customers really, really, really want to see us win in this space, and so -- which also gives me confidence that there's a real desire to see us continue to improve in the space and a desire to work with us as we go forward |
| We've accomplished a lot in a short period of time, and we believe that as Jim just said that this intervention positions Unity for success going forward |
| And when we look at engagements or new projects being started, so the engagement with the Editor continues to be very, very healthy |
| We saw that at Unite in November, and we plan to exceed our customer expectations with our next releases of the editor through the course of this year |
| We're confident that we have unique value for our customers and therefore, have permission to win |
| And then, with industry, it was actually our fastest-growing segment, and I believe we've just gotten started, and we have meaningful growth potential there |
| So, we've been seeing good growth there |
| We have the team integrated and we have a plan that I think we're very confident in, closes any competitive gaps that we have |
| And we're hearing great feedback |
| And the final reason I'm optimistic is that, obviously, the reset work continues through Q1, it obscures our financial progress, but we expect to see strong financials in the back half of this year |
| If you look back at the end of last year, we started a two-phase company reset that we expect will enable us to sustainably win with both customers and shareholders |
| And the partnership with Capgemini should even further accelerate growth there |
| We are not guiding by segment going into 2024, but yes, you're right, we're expecting an improvement in both businesses throughout the year for the reasons that Jim mentioned |
| I think the number of customers and net expansion rate are good indications |
| Statement |
|---|
| That operated at a significant loss, which is why we're exiting these businesses because we could not create a return for us while providing value to our customers |
| I think the revenues came down $450 million, but the EBITDA came down $174 million |
| That business has been tough, as we know, there are some restrictions in the Chinese market and that continues to impact our growth in Create, specifically |
| So, look, obviously, revenue goes down because professional services is a lot of dollars |
| The only thing I would say -- I would add is we're in the middle of a reset and so we were pretty conservative in the first half of the year because obviously, when we are especially dealing with people, right, that gets to be very distracting |
| The unfortunate consequence of this first phase is that we had to let go of about 25% of our colleagues |
| I've noticed some fairly big-name departures from ironSource |
| And those that we just didn't think we could generate a return for us or for our customer, we totally defunded |
| And then the last one, if I could, on the competitive environment you mentioned in the shareholder letter, competitive intensity impacting the business |
| And so, I do think that level of distraction kind of put us a bit behind |
| Being half pregnant, if you wish, just doesn't make sense |
| That's not a business where we can generate a good return and that's not a business where we have the scale to offer competitive prices to our customers |
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