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Skillz Inc. reports developments tied to its mobile gaming competition platform, which enables developers to add social competition, real-money gameplay, tournaments, leaderboards, matchmaking, payments, loyalty and player identity tools to mobile games. Company updates also discuss the Skillz and RZR businesses, including Aarki performance marketing activities across mobile, connected television and other digital channels.
Recurring news themes include quarterly and annual financial results, Adjusted EBITDA and user monetization metrics, product and SDK updates for game studios, acquired backend and LiveOps technology, board and leadership matters, and legal or regulatory developments affecting the company’s competitive-gaming platform.
Skillz Inc. (NYSE: SKLZ) announced its financial results for Q4 and full year 2020, marking its 20th consecutive quarter of revenue growth. Q4 revenue reached $68 million, up 95% from Q4 2019. Full year revenue rose 92% to $230 million. Although gross profit also saw significant growth, with Q4 gross profit at $64 million (95% margin), the net loss widened to $44 million in Q4 and $122 million for the year. Looking ahead, the company projects 2021 revenue of $366 million, reflecting 59% growth.
Skillz Inc. (NYSE: SKLZ) will release its fourth quarter and full-year 2020 financial results on March 10, 2021, after market close. The management will host a conference call at 5pm ET on the same day to discuss the results, followed by a Q&A session with analysts and investors. Participants can access the call by registering online and will receive dial-in information via email. The audio webcast will be available on the Skillz website, and a replay will be archived post-event.
Skillz (NYSE: SKLZ) announced the appointment of renowned producer Jerry Bruckheimer to its board of directors, marking his first role on a public company board. This transition occurs shortly after Skillz's debut on the NYSE as the first public mobile esports platform. Bruckheimer’s extensive experience includes producing films that have grossed over $18 billion and serving on the board of Zenimax Media, which was acquired by Microsoft for $7.5 billion in 2020. His involvement is expected to enhance Skillz's competitive edge in the rapidly growing mobile gaming sector, projected to exceed $150 billion by 2025.
The NFL has partnered with Skillz (NYSE: SKLZ) to launch a global game developer challenge aimed at creating an NFL-themed mobile game. This collaboration will utilize the Skillz esports platform and feature joint marketing efforts. The initiative seeks to connect with new football fans through mobile gaming, leveraging the NFL's extensive brand. The challenge is set to commence in Q2 2021, welcoming developers across various genres, excluding 11 v 11 simulation games. This partnership positions Skillz to potentially attract hundreds of millions of NFL fans.
The arcade franchise Big Buck Hunter is launching a mobile version exclusively for Skillz (NYSE: SKLZ). This partnership aims to expand its audience among the 2.7 billion mobile gamers globally, while Skillz enters the popular first-person shooter genre. With over 46,000 arcade machines sold, Big Buck Hunter's mobile adaptation will offer a competitive gaming experience. Players will enjoy skill-based matches, and promotional codes will allow free play of the arcade version.