Skillz Earnings Reports

Skillz faced a challenging fourth quarter with revenue of $20.4 million, down from the prior year. The company reported a net loss of $26.4 million and a negative Adjusted EBITDA of $18.5 million. Paying monthly active users decreased, but the company remains focused on improving financial performance through strategic initiatives.

Skillz reported a revenue of $24.6 million and a net loss of $21.1 million for Q3 2024. The company focused on disciplined operating expense management and user acquisition spend, achieving system-wide payback approaching six months. Skillz anticipates generating positive Adjusted EBITDA on a run-rate basis in 2025.

Skillz reported a decrease in revenue to $25.3 million but a significant improvement in net income to $26.0 million. The company saw its first quarterly sequential increase in Paying Monthly Average Users (pMAU) in ten quarters and customer acquisition systemwide paybacks trending towards six months. Skillz is focused on optimizing user acquisition costs and growing long-term player value, aiming for positive Adjusted EBITDA.

Skillz reported a revenue of $25.2 million and a net loss of $26.7 million for Q1 2024. The company is focused on resolving onboarding issues, improving customer acquisition cost payback, and managing operating expenses to achieve top-line growth and positive Adjusted EBITDA.

Skillz Inc. reported Q4 2023 financial results with a revenue of $29.1 million and a net loss of $20.8 million. The company focused on strategic initiatives to improve user economics and manage operating expenses, aiming for positive Adjusted EBITDA on a run-rate basis by Q4 2024. They are in the process of completing its financial statements and other disclosures for the fiscal year ended December 31, 2023.

Skillz Inc. reported revenue of $36.4 million and a net loss of $33.5 million for the third quarter ended September 30, 2023. The company is focused on improving execution to achieve consistent top-line growth and positive cash flow, with plans to scale the business and generate sequential profitable revenue growth starting next year and positive Adjusted EBITDA on a run rate basis in Q4 2024.

Skillz's Q2 2023 results showed a decrease in revenue to $40.2 million compared to $71.8 million in Q2 2022. However, the company reduced its net loss to $(22.0) million from $(62.6) million in the same period last year. The company is focusing on new product features and optimizing user acquisition strategy.

Skillz Inc. reported first quarter 2023 results with a revenue of $44.4 million and a net loss of $35.6 million. The company is in the midst of a turnaround, focusing on four pillars to achieve profitability. They are cautiously optimistic about the progress made.

Skillz Inc. announced its Q4 2022 results, reporting a revenue of $46.9 million, a 57% decrease year-over-year, and a net loss of $143.5 million. The company focused on operational improvements and strengthening its management team. Skillz ended the year with $546.5 million in cash, cash equivalents, and marketable securities.

Skillz Inc. reported Q3 2022 financial results with revenue of $60.255 million, which met expectations. However, the net loss increased by 30% sequentially due to a $47.6 million non-cash impairment of intangible assets. Adjusted EBITDA showed a $16 million improvement as the company works towards profitability.

Skillz Inc. reported a decrease in revenue for Q2 2022, but showed significant improvement in net loss and adjusted EBITDA due to reductions in marketing spend and restructuring efforts. The company is focused on achieving profitability in 2023 and beyond.

Skillz Inc. announced its Q1 2022 financial results, reporting a 12% increase in revenue to $93 million compared to the prior year period. The company demonstrated improved marketing efficiency and a $17 million improvement in Adjusted EBITDA over Q4 2021. However, net loss increased to $148 million from $54 million in the prior year period.

Skillz Inc. reported a 61% year-over-year increase in revenue, reaching $108.8 million for the fourth quarter of 2021. The company's paying monthly active users also increased by 56% year-over-year. However, the net loss increased to $99.0 million, and the company is shifting its focus to profitable growth by improving marketing efficiency.

Skillz reported a strong third quarter with a 70% year-over-year revenue increase, reaching $102.1 million. Paying MAU grew 47% year-over-year. The company officially launched the mobile version of Big Buck Hunter and closed an investment in Exit Games.

Skillz reported a 52% increase in revenue, reaching $89.5 million for the second quarter of 2021. The company's gross profit also grew by 52% to $85.1 million. Skillz updated its full-year 2021 revenue guidance to $389 million, including a $13 million contribution from the Aarki acquisition.

Skillz Inc. reported a strong first quarter with revenue reaching $83.7 million, a 92% increase year-over-year. The company raised its full-year revenue guidance to $375 million. Paying Monthly Active Users grew 81% year-over-year, reaching 0.467 million.