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) has announced a multi-year partnership with UFC to create branded competitive mobile games. This deal enables Skillz developers to use UFC intellectual property for game development, co-marketing alongside UFC. The partnership was revealed at the Game Developers Conference (GDC) in San Francisco. Skillz aims to leverage UFC's popularity to engage a vast audience of MMA fans who are also gamers, with new games expected to launch in 2023.
Skillz (NYSE: SKLZ) has announced Play Mechanix as the recipient of its first-ever "Developer of the Year" award, recognizing their creativity and success on the platform. The award was revealed at the Game Developer Conference (GDC) in San Francisco. Play Mechanix, known for the Big Buck Hunter franchise, gained attention with its mobile game, Big Buck Hunter: Marksman, which achieved top rankings on the Apple App Store shortly after launch. Skillz aims to continue fostering this partnership to enhance player engagement and retention through innovative game features.
Skillz (NYSE: SKLZ) is set to make waves at the Game Developers Conference (GDC) from March 23-25, 2022, in San Francisco. The company will showcase its unique gaming platform, alongside its growing demand side platform, Aarki, at booth #S749. Highlights include a sneak preview of NFL-branded mobile games, live Skillz-powered tournaments, and exclusive product innovations aimed at empowering game developers. CEO Andrew Paradise emphasizes Skillz’s commitment to democratizing mobile gaming and enabling developers to create successful franchises.
Skillz Inc. reported its fourth quarter financial results, achieving a revenue of $109 million, a 61% increase year-over-year. Gross profit also rose by 56% to $100.4 million. However, net loss increased to $99 million, compared to $67 million in the previous year. For 2021, revenue grew 67% to $384.1 million, but was below the guidance of $389 million. Looking ahead, Skillz forecasts a revenue of $400 million for 2022, with expected improvements in marketing efficiency and adjusted EBITDA margins.
Skillz Inc. (NYSE: SKLZ) will host a virtual Investor Day on March 15, 2022, from 11:00 am ET to 1:30 pm ET. Attendees can register via the Skillz Investor Relations website. The event will feature presentations from key executives. Shareholders can submit questions from March 8 to March 13, 2022. Additionally, a Darts Tournament will be held for registrants from March 11 to March 13, with prizes for top finishers.
Skillz Inc. (NYSE: SKLZ) has announced a new shareholder Q&A platform ahead of its fourth quarter 2021 earnings call, scheduled for February 23, 2022. Shareholders can submit questions until February 20, 2022, at 5:30 PM ET. A stockholder letter with financial results will be available on their investor relations website on the same day. The live Q&A conference call will begin at 5:30 PM ET, with access details provided upon registration. Audio replays will be available until March 2, 2022.
Skillz Inc. (NYSE: SKLZ) has announced the release of its fourth quarter 2021 financial results, scheduled for February 23, 2022, after market close. A stockholder letter will be available on their investor relations website. A live Q&A conference call will take place at 5:30 PM ET the same day. Shareholders can submit questions starting February 14, 2022. The Q&A platform will close on February 20, 2022. A replay of the call will be available until March 2, 2022. Skillz is recognized as a leader in mobile gaming and esports.
Skillz Inc. (NYSE: SKLZ) has announced the pricing of a $300 million private offering of 10.25% Senior Secured Notes due 2026. The offering is expected to close on December 20, 2021, subject to customary conditions. The proceeds will enhance the company's balance sheet and financial flexibility, enabling potential investments or acquisitions. The notes will be guaranteed by certain subsidiaries and will not be registered under the Securities Act, meaning they will be sold to qualified institutional buyers and non-U.S. persons.
Skillz plans to offer $300 million in Senior Secured Notes due 2026 as part of a private offering to enhance its financial flexibility. The notes will be guaranteed by its subsidiaries, excluding certain ones. The company aims to use net proceeds for general corporate purposes, including potential investments and acquisitions. The offering is subject to market conditions and won't be registered under the Securities Act, limiting the sale to qualified institutional buyers and non-U.S. persons.
Skillz Inc. (NYSE: SKLZ), a leading mobile games platform, announced that CEO Andrew Paradise will participate in the Wedbush Winter Games Conference on December 8-9, 2021. Paradise's fireside chat is scheduled for December 8 at 12:00pm PT / 3:00pm ET. Interested individuals can access a live audio webcast of the discussion through the Investors section of the Skillz website, where a replay will also be available. Skillz connects players globally for fair competition, hosting numerous esports tournaments.
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