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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 (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.

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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.

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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.

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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.

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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.

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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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Skillz Inc. (NYSE: SKLZ) received a notice from the NYSE stating non-compliance with listing requirements due to a delayed filing of its Form 10-K for the fiscal year 2023. The Company has six months to regain compliance, with a possible extension of six more months. Skillz is working to complete the audit procedures and expects no material changes in financial results. However, there is uncertainty about filing the Form 10-K within the specified period.
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Skillz Inc. (SKLZ) reports Q4 and FY 2023 financial results with revenue of $29.1 million and $150.1 million respectively. The company shows a net loss of $20.8 million for Q4 and $106.7 million for FY 2023. Adjusted EBITDA stands at $(12.3) million for Q4 and $(70.1) million for FY 2023. Skillz aims for positive Adjusted EBITDA by Q4 2024 after improving user economics and slowing the decline in paying audience. The CFO highlights prudent management, quarterly improvements in Adjusted EBITDA loss, and strong cash position of over $300 million at year-end 2023.
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Skillz Inc. (SKLZ) announced the release of its 2023 fourth quarter and full year financial results, scheduled for March 14, 2024. The Company will host a conference call and webcast to review financials and provide a business update, followed by a Q&A session. Both the call and webcast are open to the public.
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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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FAQ

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

The current stock price of Skillz (SKLZ) is $5.57 as of November 6, 2024.

What is the market cap of Skillz (SKLZ)?

The market cap of Skillz (SKLZ) is approximately 99.4M.

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

99.44M
14.44M
13.86%
42.18%
10.28%
Electronic Gaming & Multimedia
Services-computer Processing & Data Preparation
Link
United States of America
LAS VEGAS