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 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.
Skillz Inc. (NYSE: SKLZ), a leading mobile games platform, announced that CEO Andrew Paradise will participate in the Wells Fargo Virtual Technology, Media, and Telecom Summit from November 30 to December 2, 2021. Paradise's fireside chat is scheduled for December 2 at 10:20 AM PT / 1:20 PM ET. Interested listeners can access the live audio webcast through the Investors section of Skillz's website, with a replay available afterward. Skillz is recognized for its innovative approach in connecting players through social competition, hosting numerous casual esports tournaments monthly.
Skillz Inc. (NYSE: SKLZ), a leading mobile games platform, announced that CEO Andrew Paradise will speak at the Canaccord Genuity Digital Gaming Summit on November 30, 2021, at 10:30am PT / 1:30pm ET. The event will include a fireside chat, which can be accessed via a live audio webcast on Skillz's website. The company is recognized for its fair competition among players and supports developers in creating successful franchises through its patented technology.
The Drone Racing League (DRL) has launched its first mobile game, Drone Racing Arcade, in partnership with Skillz (NYSE: SKLZ). Released on November 15, 2021, this mobile game allows players to experience competitive drone racing through Skillz-hosted tournaments starting in December, with chances to win exclusive prizes. The game showcases simple touchscreen controls for an immersive racing experience, featuring neon-lit courses and challenges. DRL aims to engage its fan base and expand into mobile gaming.
Skillz Inc. (NYSE: SKLZ), a leading mobile games platform, announced that CEO Andrew Paradise will participate in the RBC Capital Markets Technology, Internet, Media and Telecom Conference on November 16-17, 2021. Paradise's fireside chat is scheduled for November 16 at 12:20 PM PT / 3:20 PM ET. The discussion will be accessible via a live audio webcast on Skillz's website, with a replay available later. Skillz is known for fostering fair competition among players and hosting casual esports tournaments.
Skillz (NYSE: SKLZ) announced that its CFO, Ian Lee, will participate in the Jefferies Global Interactive Entertainment Conference on November 11-12, 2021. Lee's fireside chat is scheduled for 11:15 AM PT / 2:15 PM ET on November 11. Interested parties can access a live audio webcast through the Investors section of the Skillz website, where a replay will be available post-event. Skillz is renowned as a leading mobile games platform, facilitating social competition and hosting numerous casual esports tournaments globally.
Skillz Inc. (NYSE: SKLZ) reported strong Q3 2021 results, with revenue soaring 70% year-over-year to $102.1 million. The growth was fueled by a 47% increase in Paying Monthly Active Users (MAU). Gross profit reached $94.4 million, up 66%, while net income turned positive at $50.8 million, compared to a loss of $42.9 million the previous year. Notably, the company launched Big Buck Hunter: Marksman, topping the Sports category in the App Store. Skillz also affirmed its full-year revenue guidance of $389 million.