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.
Skillz (NYSE: SKLZ) has announced Play Mechanix as the recipient of its first-ever "Developer of the Year" award, recognizing their creativity and success on the platform. The award was revealed at the Game Developer Conference (GDC) in San Francisco. Play Mechanix, known for the Big Buck Hunter franchise, gained attention with its mobile game, Big Buck Hunter: Marksman, which achieved top rankings on the Apple App Store shortly after launch. Skillz aims to continue fostering this partnership to enhance player engagement and retention through innovative game features.
Skillz (NYSE: SKLZ) is set to make waves at the Game Developers Conference (GDC) from March 23-25, 2022, in San Francisco. The company will showcase its unique gaming platform, alongside its growing demand side platform, Aarki, at booth #S749. Highlights include a sneak preview of NFL-branded mobile games, live Skillz-powered tournaments, and exclusive product innovations aimed at empowering game developers. CEO Andrew Paradise emphasizes Skillz’s commitment to democratizing mobile gaming and enabling developers to create successful franchises.
Skillz Inc. reported its fourth quarter financial results, achieving a revenue of $109 million, a 61% increase year-over-year. Gross profit also rose by 56% to $100.4 million. However, net loss increased to $99 million, compared to $67 million in the previous year. For 2021, revenue grew 67% to $384.1 million, but was below the guidance of $389 million. Looking ahead, Skillz forecasts a revenue of $400 million for 2022, with expected improvements in marketing efficiency and adjusted EBITDA margins.
Skillz Inc. (NYSE: SKLZ) will host a virtual Investor Day on March 15, 2022, from 11:00 am ET to 1:30 pm ET. Attendees can register via the Skillz Investor Relations website. The event will feature presentations from key executives. Shareholders can submit questions from March 8 to March 13, 2022. Additionally, a Darts Tournament will be held for registrants from March 11 to March 13, with prizes for top finishers.
Skillz Inc. (NYSE: SKLZ) has announced a new shareholder Q&A platform ahead of its fourth quarter 2021 earnings call, scheduled for February 23, 2022. Shareholders can submit questions until February 20, 2022, at 5:30 PM ET. A stockholder letter with financial results will be available on their investor relations website on the same day. The live Q&A conference call will begin at 5:30 PM ET, with access details provided upon registration. Audio replays will be available until March 2, 2022.
Skillz Inc. (NYSE: SKLZ) has announced the release of its fourth quarter 2021 financial results, scheduled for February 23, 2022, after market close. A stockholder letter will be available on their investor relations website. A live Q&A conference call will take place at 5:30 PM ET the same day. Shareholders can submit questions starting February 14, 2022. The Q&A platform will close on February 20, 2022. A replay of the call will be available until March 2, 2022. Skillz is recognized as a leader in mobile gaming and esports.
Skillz Inc. (NYSE: SKLZ) has announced the pricing of a $300 million private offering of 10.25% Senior Secured Notes due 2026. The offering is expected to close on December 20, 2021, subject to customary conditions. The proceeds will enhance the company's balance sheet and financial flexibility, enabling potential investments or acquisitions. The notes will be guaranteed by certain subsidiaries and will not be registered under the Securities Act, meaning they will be sold to qualified institutional buyers and non-U.S. persons.
Skillz plans to offer $300 million in Senior Secured Notes due 2026 as part of a private offering to enhance its financial flexibility. The notes will be guaranteed by its subsidiaries, excluding certain ones. The company aims to use net proceeds for general corporate purposes, including potential investments and acquisitions. The offering is subject to market conditions and won't be registered under the Securities Act, limiting the sale to qualified institutional buyers and non-U.S. persons.
Skillz Inc. (NYSE: SKLZ), a leading mobile games platform, announced that CEO Andrew Paradise will participate in the Wedbush Winter Games Conference on December 8-9, 2021. Paradise's fireside chat is scheduled for December 8 at 12:00pm PT / 3:00pm ET. Interested individuals can access a live audio webcast of the discussion through the Investors section of the Skillz website, where a replay will also be available. Skillz connects players globally for fair competition, hosting numerous esports tournaments.
Skillz Inc. (NYSE: SKLZ), a leading mobile games platform, announced that CEO Andrew Paradise will participate in the Wells Fargo Virtual Technology, Media, and Telecom Summit from November 30 to December 2, 2021. Paradise's fireside chat is scheduled for December 2 at 10:20 AM PT / 1:20 PM ET. Interested listeners can access the live audio webcast through the Investors section of Skillz's website, with a replay available afterward. Skillz is recognized for its innovative approach in connecting players through social competition, hosting numerous casual esports tournaments monthly.
FAQ
What is the current stock price of Skillz (SKLZ)?
What is the market cap of Skillz (SKLZ)?
What is Skillz Inc.?
What services does Skillz provide?
How many tournaments has Skillz hosted?
Who are some of Skillz's investors?
How many game studios use the Skillz platform?
What kind of prizes does Skillz offer?
Where are Skillz's offices located?
When was Skillz founded?
Is Skillz currently hiring?
What distinguishes Skillz in the mobile gaming market?
