Unity Software Inc.

Welcome to Unity's first quarter 2023 earnings call. After the closing of the market today, we issued our shareholders letter. The material is now available on our investor website at investors.unity.com. Today I'm joined by John Riccatello, our CEO, President and Chairman, and by Luis Visoso, our CFO. Before we begin, I want to note that today's discussions contains forward-looking statements, including statements about goals, business outlook, industry trends, market opportunities, expectations for future financial performance, and similar items, all of which are subject to risks, uncertainties, and assumptions. You can find more information about these risks and uncertainties in the risk factor section of our filings at sec.gov. Actual results may vary, and we take no obligation to revise or update any forward-looking statements. As in prior quarters, we are providing both GAAP and non-GAAP financial measures, and unless otherwise noted, we will be speaking to the non-GAAP financial measures when describing our results. The shareholder letter and our filings on SEC.gov provide full GAAP to non-GAAP reconciliations. Okay, great. Thank you. So first, let me turn the call over to John for just some brief highlights of our results. John?

So, look, we're very pleased with our Q1 results and happy about our guide. And I want to start by just thanking all of our colleagues at Unity. They've done a fantastic job to get us off to a great start in 2023. Now, I have to say that our results, these strong numbers, reflect great synergy between our two main businesses, Create and Grow. We're a true platform. And By platform, what I really mean is that our customers get every day from us something that is more than the sum of the parts. They get more value than they would from individual products. And that's being proven truer and truer by the day. And it's from this that our customers win and Unity wins. Now, all of this allows us to put unity in a place where we can serve our creators in a great way and to be on a strong path towards continued profitable growth. Now, I think it's obvious that there's a subject that's on everybody's minds. It's certainly on every other question you read or every press article, AI. And I know you saw in our shareholder letter a long conversation about AI. And I have to tell you, I'm excited about it. We've been working on it for several years at Unity. We've got advanced products that we've been deploying for years now and more coming. And we've announced a number of beta products. But here I want to make a couple of key points so it's not lost. First, I think AI is positive for our industry and positive for our creators. Second, Unity has sustainable competitive advantages in and around AI, not just because of what we're building in AI, because of the very nature of our platform. The very nature of our platform will benefit from AI tools and content creation, and we're uniquely able to enable creators to make things where worlds come alive or digital twins come alive in ways that were never possible before. These things to us seem like a strong tailwind in the quarters and years to come, and we couldn't be more excited about our future. So thank you, everyone, and thanks for being here.

Great, John. So like always, we're going to open up the call in just a bit. But maybe to get things rolling, let me kick off the question and answer session with like a couple of questions that are on investors' minds. The first one would be for Luis. And look, with a strong first quarter in the books, how does the balance of the year look?