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Mar 31, 2021
Skillz Q1 2021 Earnings Report
Reported record-breaking first quarter results with revenue growth for 21 consecutive quarters.
Key Takeaways
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.
Revenue grew to $83.7 million, up 92% year-over-year.
Gross profit grew to $79.4 million, up 95% year-over-year.
Paying MAU reached 0.467 million, an 81% increase year-over-year.
Increased 2021 revenue guidance to $375 million, representing 63% year-over-year growth.
Skillz
Skillz
Forward Guidance
The Company is increasing 2021 revenue guidance to $375 million, which equates to 63% year-over-year growth.