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Jun 30, 2023
Skillz Q2 2023 Earnings Report
Skillz reported results for the second quarter of 2023, showing a decrease in revenue compared to the same period last year, but a reduced net loss.
Key Takeaways
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.
Revenue decreased to $40.2 million from $71.8 million in Q2 2022.
Gross profit decreased to $36.5 million from $62.8 million in Q2 2022.
Net loss improved to $(22.0) million from $(62.6) million in Q2 2022.
Paying monthly active users (PMAU) decreased to 200,000 from 420,000 in Q2 2022.