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Sep 30, 2024
Skillz Q3 2024 Earnings Report
Skillz's operating performance in Q3 marked by continued execution on strategic priorities, positioning the company for sustainable growth and positive cash flow.
Key Takeaways
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.
Revenue was $24.6 million.
Net loss amounted to $21.1 million.
Paying monthly active users (PMAU) reached 121,000.
Average Revenue Per Paying Monthly Active User (ARPPU) was $67.6.
Skillz
Skillz
Forward Guidance
Skillz is optimistic that continued execution on strategic initiatives will position it to generate positive Adjusted EBITDA on a run-rate basis in 2025.