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Jun 30, 2021
Skillz Q2 2021 Earnings Report
Reported strong revenue growth for the 22nd consecutive quarter and the closing of acquisition of marketing platform Aarki.
Key Takeaways
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.
Revenue grew to $89.5 million, up 52% year-over-year.
Gross profit grew to $85.1 million, up 52% year-over-year.
Gross margin was 95%, in line with prior year.
GMV grew to $608.5 million, up 47% year-over-year.
Forward Guidance
The Company is updating its full-year 2021 revenue guidance from $375 million to $376 million for Skillz on a stand-alone basis, plus $13 million revenue contribution from the business combination with Aarki resulting in combined 2021 revenue of $389 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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