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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.
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.
Skillz (NYSE: SKLZ) has appointed Vatsal Bhardwaj as Chief Product Officer to drive innovation and growth in mobile gaming. Bhardwaj, with nearly two decades of experience at Amazon and Facebook, is expected to enhance Skillz's product offerings and expand multiplayer gaming experiences. He aims to create new gameplay technologies and build strategic partnerships to benefit players and developers alike. Skillz is recognized for connecting players in competitive environments and has implemented various successful initiatives in esports and social gaming.
Skillz Inc. (NYSE: SKLZ) will release its third quarter 2021 results on November 3, 2021, after market close. A stockholder letter detailing financial results will be available on its investor relations website: investors.skillz.com. A live Q&A conference call will begin at 5:30 PM ET with registration needed for access. Participants can listen to a replay of the call through November 10, 2021. Skillz is recognized for its innovative mobile gaming platform that facilitates fair competition among players worldwide.
Skillz (NYSE: SKLZ) announced the launch of its latest mobile game, Big Buck Hunter: Marksman, during the 14th Annual Big Buck Hunter World Championship in Chicago on October 1-2. This marks Skillz's entry into the first-person shooter genre, with the new game already reaching No. 3 in the sports category on the App Store. The event features a mobile esports tournament with a $5,000 grand prize, allowing players worldwide to compete. The highly popular Big Buck Hunter franchise has a devoted fan base, ensuring a lively competition.
Skillz Inc. (NYSE: SKLZ), a leading mobile games platform, announced CEO Andrew Paradise's participation in Citigroup's 2021 Global Technology Virtual Conference from September 13-15, 2021. Paradise will engage in a fireside chat on September 13 at 10:00 AM PT / 1:00 PM ET. A live audio webcast will be accessible through the Investors section of the Skillz website, with a replay available later. Skillz has established itself as a significant player in casual esports, hosting tournaments and providing millions in prizes each month.
Skillz (NYSE: SKLZ) has announced a collaboration with etermax to develop a new game based on the globally popular trivia franchise, Trivia Crack. This new game will be exclusive to the Skillz platform, enabling competitive, live tournament-style play for real-world prizes. Trivia Crack, known for its massive fan base and availability in over 180 countries, has inspired numerous mobile titles and boasts over 600 million downloads. Skillz aims to enhance its gaming portfolio while leveraging Trivia Crack's extensive audience to drive monetization through its competitive gaming system.
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Skillz Inc. (NYSE: SKLZ) reported strong financial results for Q2 2021, achieving revenue growth of 52%, totaling $89.5 million. Gross profit also rose by 52% to $85.1 million, maintaining a gross margin of 95%. However, the net loss increased to $79.6 million, compared to $20.2 million in Q2 2020. The company acquired marketing platform Aarki, enhancing its user acquisition strategies. Skillz updated its full-year revenue forecast to $389 million, including Aarki's contribution.