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), the mobile esports pioneer, empowers competitive gaming through its tournament platform. This dedicated news hub provides investors and industry followers with centralized access to official corporate developments.
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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.
Skillz reported a Q4 2022 revenue of $46.9 million, a decline of 57% year-over-year, with a net loss of $143.5 million. The Adjusted EBITDA was $(9.5) million. For the full year, revenue reached $269.7 million, down 29%, with a net loss totaling $438.9 million. Skillz had 235,000 Paying Monthly Active Users (PMAU) in Q4, with an Average Revenue Per Paying Monthly Active User (ARPPU) of $66.6. The company also announced a restatement of previously issued financial statements due to material misstatements. Strong liquidity was noted, with cash and equivalents at $546.5 million as of December 31, 2022.
Skillz Inc. (NYSE: SKLZ) announces a change in the timing for reporting its fourth quarter and full year 2022 financial results, now scheduled for 4:30 PM ET on March 30, 2023. This new date replaces the previously set time of March 14, 2023. Following the release, a live Q&A conference call will be conducted with analysts and investors. The call will include an audio webcast accessible here. A replay of the call will be available until April 6, 2023. Skillz is recognized for its innovative mobile gaming platform, hosting millions of casual esports tournaments worldwide.
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