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Skillz Inc. (Symbol: SKLZ) is a leader in the mobile esports industry. Founded in 2012, Skillz has revolutionized the way mobile gamers compete, offering a comprehensive tournament management system that can be integrated into any mobile game. This system enables developers to offer competitive esports experiences to users of all skill levels, from amateurs to professionals.
As of today, Skillz has hosted more than 40 million mobile tournaments with players in over 180 countries participating. The platform has become a trusted partner for over 1,100 game studios, awarding over $1 million in cash prizes to players every two weeks. This impressive reach and engagement have positioned Skillz as a significant player in the mobile gaming industry.
Skillz's focus is on fostering a competitive yet fair environment that benefits both players and developers. The company has raised over $28 million in funding from prominent investors, including the owners of the New England Patriots, Milwaukee Bucks, and New York Mets. Skillz operates out of its offices in San Francisco and Boston and continues to expand its team, inviting professionals passionate about shaping the future of esports to join their dynamic workforce.
The company's recent achievements and current projects underscore its commitment to innovation and growth. With ongoing partnerships and a strong financial standing, Skillz is well-poised to continue leading the mobile esports sector, providing lucrative opportunities for its investors and exciting experiences for its users.
Skillz (NYSE: SKLZ) reported unaudited financial results for Q3 2024, ending September 30, 2024.
Key Financial Metrics:
Revenue: $24.6 million
Net loss: $21.1 million
Adjusted EBITDA: $(13.9) million
Paying Monthly Active Users (PMAU): 121,000
Average Revenue Per Paying Monthly Active User (ARPPU): $67.6
Total operating expenses excluding the cost of revenue: $42.2 million
CEO Andrew Paradise highlighted stable PMAU and strategic customer acquisition, aiming for positive Adjusted EBITDA in 2025. CFO Gaetano Franceschi emphasized disciplined expense management and a strong balance sheet with over $300 million in cash and restricted cash.
Skillz will host a live investor conference call at 4:30 p.m. ET today, accessible via registration on their investor relations website.
Skillz (NYSE: SKLZ) announced it will release its 2024 third quarter financial results after market close on Thursday, November 7, 2024. The company will host a conference call and webcast at 4:30 p.m. ET the same day, where management will review financial results and provide a business update, followed by Q&A. The call and webcast are public, requiring registration for dial-in access. A webcast replay will be available on the investor relations website, and an audio replay will be accessible through November 14, 2024.
Skillz (NYSE: SKLZ), the leading mobile games platform, has announced a change in the date of its 2024 Annual Meeting of Stockholders. The meeting will now be held on Thursday, December 5, 2024 at 10:00 a.m. Pacific Time, instead of the originally scheduled date of Monday, December 9, 2024.
Skillz Inc. (NYSE: SKLZ) reported its Q2 2024 financial results, showing signs of progress in its strategic initiatives. Key highlights include:
- Revenue: $25.3 million
- Gross profit: $21.9 million
- Net income: $26.0 million
- Adjusted EBITDA: $(12.6) million
- Paying monthly active users (PMAU): 122,000
- Average Revenue Per Paying Monthly Active User (ARPPU): $69.4
The company saw its first quarterly sequential increase in Paying Monthly Average Users in ten quarters. Skillz is focusing on optimizing customer acquisition costs and growing long-term player value. The company's strong balance sheet, with over $325 million in cash and restricted cash, provides flexibility for turnaround initiatives.
Skillz Inc. (NYSE: SKLZ), a leading mobile games platform, has announced it will release its 2024 second quarter financial results after market close on Thursday, August 1, 2024. The company will host a conference call and webcast at 4:30 p.m. ET the same day. During the call, Skillz management will review financial results and provide a business update, followed by a Q&A session. The call and webcast are open to the public, with registration required for the live call. A replay of the webcast will be available on the company's investor relations website, and an audio replay will be accessible through Thursday, August 8, 2024.
Skillz Inc. (NYSE: SKLZ) reported unaudited financial results for Q1 2024, with revenue of $25.2M, gross profit of $21.8M, net loss of $26.7M, and Adjusted EBITDA of $(17.7)M. The company aims to drive top-line growth, positive EBITDA, and profitable growth in the near term.
Skillz Inc. (NYSE: SKLZ) will report its 2024 first-quarter financial results on May 9, 2024, with a conference call and webcast. The call will include a review of financial results, a business update, and a Q&A session. The webcast will be available on investors.skillz.com, with a replay accessible until May 16, 2024.
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