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. (NYSE: SKLZ) is a mobile games platform in the data processing, hosting, and related services industry, with a focus on skill-based competition and developer enablement. Company news releases describe Skillz as a platform that helps developers create multi-million dollar franchises by enabling social competition in their games and hosting billions of casual esports tournaments for millions of mobile players worldwide.
The Skillz news stream commonly features financial results and operating updates. The company regularly issues press releases reporting preliminary and final quarterly and annual results, including revenue, net loss, Adjusted EBITDA, paying monthly active users (PMAUs), and average revenue per paying monthly active user (ARPPU). These releases often include management commentary on engagement, monetization, and expense management, as well as explanations of non-GAAP metrics and their reconciliations to GAAP measures.
Another recurring theme in Skillz news is regulatory and listing developments. The company has reported delays in filing its Annual Report on Form 10-K and certain Quarterly Reports on Form 10-Q, notices from the New York Stock Exchange regarding timely filing requirements, and the granting of cure periods to regain compliance. Related 8-K filings and press releases provide context on the company’s efforts to complete its financial statements and maintain its NYSE listing.
Skillz news also covers strategic initiatives and programs aimed at developers. A notable example is the Skillz Developer Accelerator, which the company describes as a program to deploy up to $75 million of cash on hand over three years to support the development, promotion, and marketing of new skill-based games. News about this program details the types of support offered, including working capital, access to the company’s internal experts, a proprietary SDK, data tools, and user acquisition and operational assistance.
In addition, Skillz issues announcements about earnings calls, webcasts, and investor communications, providing dates and access details for conference calls where management reviews financial results and offers business updates. Governance-related news, such as changes in the independent registered public accounting firm, executive transitions, and equity incentive awards, is disclosed through 8-K filings and associated communications.
Investors and followers of SKLZ can use this news page to review the company’s historical and recent announcements on financial performance, listing status, developer programs, and corporate governance, all based on official press releases and SEC-reported information.
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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