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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.
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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.