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Skillz Inc. - SKLZ STOCK NEWS

Welcome to our dedicated page for Skillz news (Ticker: SKLZ), a resource for investors and traders seeking the latest updates and insights on Skillz stock.

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.

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Skillz Inc. (NYSE: SKLZ) reported Q3 2023 financial results, including a revenue of $36.4 million, gross profit of $32.7 million, net loss of $(33.5) million, and adjusted EBITDA of $(18.5) million. The company also had 168,000 paying monthly active users, an average revenue per paying monthly active user of $72.3, and $339.9 million in cash and marketable securities. The company aims to achieve positive adjusted EBITDA on a run rate basis in Q4 2024.
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Skillz Inc. will release its 2023 third quarter financial results on November 8, 2023, and host a conference call and webcast. Skillz management will review the financial results and provide a business update.
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Skillz announces share repurchase program and debt repurchase authorization.
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Skillz Inc. (NYSE: SKLZ) reported Q2 2023 financial results, including $40.2 million revenue, $36.5 million gross profit, and $(22.0) million net loss. The company reduced outstanding debt by $159.8 million, resulting in total outstanding debt of $129.7 million as of June 30, 2023.
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Skillz Inc. will release its 2023 second quarter financial results on August 2, 2023, and host a conference call and webcast. The call will include a review of the financial results and a business update.
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Skillz Inc. announces a 1-for-20 reverse stock split to comply with NYSE listing standards.
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Skillz announces the appointment of Andrew Dahlinghaus as General Counsel, replacing Charlotte Edelman. Dahlinghaus will oversee all legal and regulatory matters at Skillz.
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Skillz Inc. (NYSE: SKLZ) will release its first quarter 2023 results on May 9, 2023, after market close. The earnings release will be available on its investor relations website. A Q&A conference call will follow at 4:30 PM ET, accessible via online registration for the Skillz Webcast. Participants can later access a replay of the call through May 9, 2023 by dialing the provided phone numbers. Skillz positions itself as the leading mobile games platform, enabling social competition in games and hosting esports tournaments worldwide. The company has gained numerous accolades, including recognition in Fast Company’s Best Workplaces for Innovators and Forbes’ Next Billion-Dollar Startups.

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FAQ

What is the current stock price of Skillz (SKLZ)?

The current stock price of Skillz (SKLZ) is $5.47 as of November 22, 2024.

What is the market cap of Skillz (SKLZ)?

The market cap of Skillz (SKLZ) is approximately 98.8M.

What is Skillz Inc.?

Skillz Inc. is a company that specializes in mobile esports, offering a tournament management system for developers to integrate into mobile games.

What services does Skillz provide?

Skillz provides a platform for mobile game developers to host esports competitions, allowing players of all skill levels to compete in tournaments.

How many tournaments has Skillz hosted?

Skillz has hosted over 40 million mobile tournaments worldwide.

Who are some of Skillz's investors?

Investors include the owners of the New England Patriots, Milwaukee Bucks, and New York Mets.

How many game studios use the Skillz platform?

More than 1,100 game studios use the Skillz platform.

What kind of prizes does Skillz offer?

Skillz awards over $1 million in cash prizes to players every two weeks.

Where are Skillz's offices located?

Skillz has offices in San Francisco and Boston.

When was Skillz founded?

Skillz was founded in 2012.

Is Skillz currently hiring?

Yes, Skillz is hiring. Interested candidates can check out the current job openings on their website.

What distinguishes Skillz in the mobile gaming market?

Skillz's unique tournament management system and its ability to engage players from amateur to professional levels set it apart in the mobile gaming market.

Skillz Inc.

NYSE:SKLZ

SKLZ Rankings

SKLZ Stock Data

98.81M
11.22M
14.16%
41.4%
9.72%
Electronic Gaming & Multimedia
Services-computer Processing & Data Preparation
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United States of America
LAS VEGAS