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Dec 31, 2021
Skillz Q4 2021 Earnings Report
Skillz's Q4 2021 performance was marked by revenue growth, increased paying monthly active users, and strategic investments, while net loss also increased.
Key Takeaways
Skillz Inc. reported a 61% year-over-year increase in revenue, reaching $108.8 million for the fourth quarter of 2021. The company's paying monthly active users also increased by 56% year-over-year. However, the net loss increased to $99.0 million, and the company is shifting its focus to profitable growth by improving marketing efficiency.
Revenue increased by 61% year-over-year to $108.8 million.
Gross profit increased by 56% year-over-year to $100.4 million.
Net loss increased to $99.0 million from $67.0 million in the prior year period.
Paying Monthly Active Users (PMAU) increased 56% year-over-year to 0.61 million.
Forward Guidance
The Company is initiating its 2022 revenue guidance at $400 million. Our guidance is based on an estimated reduction in engagement marketing as a percentage of revenue of approximately 10 percentage points, when compared with engagement marketing as a percentage of revenue of 49% in 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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