Skillz faced a challenging fourth quarter with revenue of $20.4 million, down from the prior year. The company reported a net loss of $26.4 million and a negative Adjusted EBITDA of $18.5 million. Paying monthly active users decreased, but the company remains focused on improving financial performance through strategic initiatives.
Revenue declined to $20.4 million in Q4 2024.
Net loss widened to $26.4 million.
Gross profit was $17.1 million with a high gross margin.
Paying monthly active users decreased to 110,000.
Skillz remains focused on returning to profitability and investing in product innovation to drive user engagement and revenue growth.
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