Loading...
•
Jun 30, 2025
Skillz Q2 2025 Earnings Report
Skillz reported unaudited preliminary financial results for the second quarter ended June 30, 2025, showing revenue growth and improved user engagement.
Key Takeaways
Skillz delivered 8% year-over-year revenue growth in Q2 2025, reaching $27.4 million. The company also saw significant sequential and year-over-year growth in paying monthly active users, reflecting improved player engagement. Despite a net loss, disciplined operating expense management contributed to year-over-year improvements in Adjusted EBITDA loss, and the company maintains a strong cash position.
Revenue increased by 8% year-over-year to $27.4 million in Q2 2025.
Paying Monthly Active Users (PMAU) grew by 20% year-over-year and 18% quarter-over-quarter to 146,000, the highest since Q3 2023.
Gross profit for the quarter was $24.2 million, with a net loss of $8.9 million.
Adjusted EBITDA loss improved year-over-year to $10.4 million, and the company reported over $238 million in cash and restricted cash.
Forward Guidance
Skillz is focused on achieving consistent top-line growth and positive Adjusted EBITDA, investing in its Developer Accelerator program to broaden game offerings, and maintaining disciplined operating expense management. The company aims to generate profitable revenue growth and is working to resolve delayed financial filings.
Positive Outlook
- Commitment to delivering consistent top-line growth.
- Goal of achieving positive Adjusted EBITDA.
- Investment in a $75 million Developer Accelerator program to diversify game genres.
- Focus on improving player engagement and retention, as evidenced by PMAU growth.
- Stable balance sheet with over $238 million in cash and restricted cash providing financial flexibility.
Challenges Ahead
- Preliminary results are unaudited and subject to revision.
- Delayed filing of the Annual Report on Form 10-K for 2024 and Quarterly Report on Form 10-Q for Q1 2025.
- Received a notice from NYSE regarding non-compliance due to delayed 10-K filing.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...