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Dec 31, 2022
Skillz Q4 2022 Earnings Report
Reported a decrease in revenue and a net loss, amid operational and organizational improvements.
Key Takeaways
Skillz Inc. announced its Q4 2022 results, reporting a revenue of $46.9 million, a 57% decrease year-over-year, and a net loss of $143.5 million. The company focused on operational improvements and strengthening its management team. Skillz ended the year with $546.5 million in cash, cash equivalents, and marketable securities.
Revenue decreased by 57% year-over-year to $46.9 million.
Net loss was $143.5 million for the quarter.
Paying monthly active users (PMAU) were 235,000.
Average Revenue Per Paying Monthly Active User (ARPPU) was $66.6.
Forward Guidance
While the short-term operating environment remains volatile, Skillz has strong confidence in its people and platform, bolstered by its strong liquidity position.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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