Skillz Announces Preliminary Second Quarter 2025 Results
Preliminary Second Quarter Financial Update (Unaudited):
-
Revenue of
$27.4 million -
Gross profit of
$24.2 million -
Net loss of
$8.9 million -
Adjusted EBITDA1 loss of
$10.4 million - Paying monthly active users (PMAU)2 of 146,000.
-
Average Revenue Per Paying Monthly Active User (ARPPU)3 of
$62.8 -
Total costs and expenses excluding cost of revenue of
$30.7 million
“Skillz’s second quarter results build on the first quarter’s progress towards our goal of delivering consistent top line growth and positive Adjusted EBITDA. This quarter we delivered
Gaetano Franceschi, Chief Financial Officer of Skillz, added, “Our focus on disciplined operating expense management continues to drive year-over-year improvements in our Adjusted EBITDA loss. Our stable balance sheet, which included cash and restricted cash of more than
____________________ |
1. Adjusted EBITDA is a non-GAAP metric; for a reconciliation of each measure against its most comparable GAAP metric, please see the section titled “Use of Non-GAAP Financial Measures” in this press release. |
2. “Paying Monthly Active Users” or “PMAUs” means the number of end-users who entered into a paid contest hosted on Skillz’s platform at least once in a month, averaged over each month in the period. |
3. “Average Revenue Per Paying Monthly Active User” or “ARPPU” means the average revenue in a given month divided by Paying MAUs in that month, averaged over the period and does not include a deduction for end-user incentives that are included in sales and marketing expense. |
Investor Conference Call
Skillz will host a live conference call at 4:30 p.m. ET today. To listen in to the audio-only webcast, please use the following link: https://events.q4inc.com/attendee/673089436. If you would like to participate and ask questions during the call, please register here: https://www.netroadshow.com/events/login/LE9zwo3gnEDwBoMHfPJRcil9pGrLrbUfVbA. After registering, you will receive an email with dial-in details along with a unique access code and PIN required to join the live call.
A replay of the webcast will be archived on the Company’s investor relations website. An audio replay of the conference call will be available through Thursday, August 14, 2025, and can be accessed by dialing (866) 813-9403 (US) or (929) 458-6194 (international) and entering the passcode 258281.
About Skillz Inc.
Skillz is the leading mobile games platform dedicated to bringing out the best in everyone through competition. The Skillz platform helps developers create multi-million dollar franchises by enabling social competition in their games. Leveraging its patented technology, Skillz hosts billions of casual eSports tournaments for millions of mobile players worldwide, with the goal of building the home of competition for all. Skillz has earned recognition as one of Fast Company’s Best Workplaces for Innovators, CNBC’s Disruptor 50, Forbes’ Next Billion-Dollar Startups, Fast Company’s Most Innovative Companies, and the number-one fastest-growing company in America on the Inc. 5000. www.skillz.com
Use of Non-GAAP Financial Measures
In this press release, the Company includes Adjusted EBITDA loss, which is a non-GAAP performance measure that the Company uses to supplement its results presented in accordance with
The Company defines and calculates Adjusted EBITDA as net income (loss) before interest income (expense), net; (benefit from) provision for income taxes; depreciation and amortization, and other income (expense), net; as further adjusted for stock-based compensation and other special items determined by management, including, but not limited to, change in fair value of common stock warrant liabilities, impairment charges, loss contingency accruals, gain from litigation settlements, insurance recoveries and other one-time nonrecurring expenses. The Company defines and calculates non-GAAP operating expense as GAAP operating expenses adjusted for stock-based compensation, one-time transaction expenses and other special items determined by management, including, but not limited to certain loss contingency accruals and restructuring charges, as they are not indicative of business operations.
The Company does not provide a reconciliation for non-GAAP estimates on a forward-looking basis as it is unable to provide a meaningful calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of various items that would impact the most directly comparable forward-looking
Preliminary Results, Delayed 10-K and 10-Q Extension
The Company is in the process of completing its unaudited interim financial statement and other disclosures for the fiscal quarter ended June 30, 2025. Accordingly, we are announcing preliminary results for the second quarter of 2025, which are based on currently available information and are subject to revision as management completes its internal review. Actual results may differ from these preliminary financial results and other financial information due to the completion of our internal procedures, review by our independent public accounting firm, final adjustments and other developments that may arise between now and the time the results are finalized. In the event the Company determines it will not file its Quarterly Report on Form 10-Q by the prescribed deadline, it will file an extension on Form 12b-25 with the Securities and Exchange Commission (the “SEC”).
In addition, the Company is still in the process of completing its financial statements and other disclosures for the fiscal year ended December 31, 2024 and quarter ended March 31, 2025. The Company previously filed a Form 12b-25 with the SEC for an extension of its Annual Report on Form 10-K for the year ended December 31, 2024 (the “Form 10-K”) on March 17, 2025 and a Form 12b-25 with the SEC for an extension of its quarterly report on Form 10-Q for the quarter ended March 31, 2025 (the Form 10-Q) on May 13, 2025. As a result of the delayed filing of the Form 10-K, the Company announced on April 8, 2025, that it had received a notice (the “Notice”) from the New York Stock Exchange (“NYSE”) that the Company was not in compliance with Section 802.01E of the NYSE Listed Company Manual because of its failure to timely file the Form 10-K. The Notice has no immediate effect on the listing of the Company’s common stock on the NYSE. The Notice informed the Company that, under NYSE rules, the Company has six months from March 17, 2025 to regain compliance with the NYSE listing standards by filing the Form 10-K with the SEC. The Company is working diligently to complete the necessary work to file the Form 10-K as soon as practicable and currently expects to file the Form 10-K within the six-month period granted by the NYSE Notice, and intends to take all necessary steps to achieve compliance with applicable NYSE listing standards as soon as practicable. Because our financial statements and other disclosures for the year ended December 31, 2024 are still subject to ongoing management review, actual results may differ from the preliminary results for our fiscal year ended December 31, 2024 as previously reported, and these differences could impact the preliminary results for the fiscal quarter ended June 30, 2025 included in this press release and the preliminary results for the fiscal quarter ended March 31, 2025 previously announced. For additional details, please refer to the Company’s Forms 12b-25 filed with the SEC on March 17, 2025 and May 13, 2025 and its Form 8-K’s filed with the SEC on April 8, 2025 and May 8, 2025.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the Company’s actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside of the Company’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to, the ability of Skillz to: effectively compete in the global entertainment and gaming industries; attract and retain successful relationships with the third party developers who develop and update the games hosted on Skillz’ platform; drive brand awareness with end users; issues in the development and use of artificial intelligence and machine learning; changes in political and economic conditions globally, including the effects of tariffs and other trade measures; invest in growth and development of employees; comply with laws and regulations, including the applicable provisions of the recently pass One Big Beautiful Bill Act, as well as expectations applicable to its business, including with respect to cybersecurity and corporate governance matters; mitigate the commercial, reputational and regulatory risks to our business; remediate during fiscal year 2025 certain non-fully remediated material weaknesses in our internal controls over financial reporting; and effectively resolve uncertainties associated with the resolution of our ongoing litigation with Voodoo SAS, Papaya Gaming, and other litigation matters, and timely file our periodic reports with the SEC, as well as potential changes to our preliminary results that could occur as we finalize our internal review and our independent registered public accounting firm completes its review and audit (as applicable) of such results. Additional factors that may cause such differences include other risks and uncertainties indicated from time to time in the Company’s SEC filings, including those under “Risk Factors” therein, which are available on the SEC’s website at www.sec.gov. Additional information will be made available in other filings that the Company makes from time to time with the SEC. In addition, any forward-looking statements contained in this press release are based on assumptions that the Company believes to be reasonable as of this date. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
Skillz Inc. Preliminary Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) (in thousands, except for number of shares and per share amounts) |
|||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
Revenue |
$ |
27,372 |
|
|
$ |
25,295 |
|
|
$ |
48,384 |
|
|
$ |
50,530 |
|
Costs and expenses: |
|
|
|
|
|
|
|
||||||||
Cost of revenue |
|
3,220 |
|
|
|
3,346 |
|
|
|
6,184 |
|
|
|
6,798 |
|
Research and development |
|
4,840 |
|
|
|
4,272 |
|
|
|
9,653 |
|
|
|
8,896 |
|
Sales and marketing |
|
17,540 |
|
|
|
20,849 |
|
|
|
35,215 |
|
|
|
41,842 |
|
General and administrative |
|
8,353 |
|
|
|
17,236 |
|
|
|
24,717 |
|
|
|
40,273 |
|
Gain from litigation settlement |
|
— |
|
|
|
(46,000 |
) |
|
|
(7,500 |
) |
|
|
(46,000 |
) |
Total costs and expenses |
|
33,953 |
|
|
|
(297 |
) |
|
|
68,269 |
|
|
|
51,809 |
|
(Loss) income from operations |
|
(6,581 |
) |
|
|
25,592 |
|
|
|
(19,885 |
) |
|
|
(1,279 |
) |
Interest (expense) income, net |
|
(1,321 |
) |
|
|
334 |
|
|
|
(2,392 |
) |
|
|
447 |
|
Change in fair value of common stock warrant liabilities |
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
11 |
|
Other (expense) income, net |
|
(1,041 |
) |
|
|
190 |
|
|
|
(1,600 |
) |
|
|
254 |
|
(Loss) income before income taxes |
|
(8,943 |
) |
|
|
26,118 |
|
|
|
(23,877 |
) |
|
|
(567 |
) |
(Benefit from) provision for income taxes |
|
(24 |
) |
|
|
73 |
|
|
|
10 |
|
|
|
111 |
|
Net (loss) income |
$ |
(8,919 |
) |
|
$ |
26,045 |
|
|
$ |
(23,887 |
) |
|
$ |
(678 |
) |
(Loss) Earnings per share: |
|
|
|
|
|
|
|
||||||||
Basic |
$ |
(0.58 |
) |
|
$ |
1.47 |
|
|
$ |
(1.50 |
) |
|
$ |
(0.04 |
) |
Diluted |
$ |
(0.58 |
) |
|
$ |
1.44 |
|
|
$ |
(1.50 |
) |
|
$ |
(0.04 |
) |
Weighted average shares outstanding: |
|
|
|
|
|
|
|
||||||||
Basic |
|
15,491,239 |
|
|
|
17,776,904 |
|
|
|
15,888,064 |
|
|
|
18,119,062 |
|
Diluted |
|
15,491,239 |
|
|
|
18,079,310 |
|
|
|
15,888,064 |
|
|
|
18,119,062 |
|
|
|
|
|
|
|
|
|
||||||||
Other comprehensive income: |
|
|
|
|
|
|
|
||||||||
Change in unrealized gain on available-for-sale investments, net of tax |
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
7 |
|
Total other comprehensive income |
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
7 |
|
Total comprehensive (loss) income |
$ |
(8,919 |
) |
|
$ |
26,046 |
|
|
$ |
(23,887 |
) |
|
$ |
(671 |
) |
Skillz Inc. Preliminary Consolidated Balance Sheets (Unaudited) (in thousands, except for number of shares and par value per share amounts) |
|||||||
|
June 30, 2025 |
|
December 31, 2024 |
||||
Assets |
|
|
|
||||
Current assets: |
|
|
|
||||
Cash and cash equivalents |
$ |
228,657 |
|
|
$ |
271,923 |
|
Restricted cash |
|
10,000 |
|
|
|
10,000 |
|
Accounts receivable, net of allowance for credit losses of |
|
8,978 |
|
|
|
2,893 |
|
Prepaid expenses and other current assets |
|
7,552 |
|
|
|
7,592 |
|
Total current assets |
|
255,187 |
|
|
|
292,408 |
|
Property and equipment, net |
|
19,145 |
|
|
|
16,379 |
|
Operating lease right-of-use assets, net |
|
223 |
|
|
|
308 |
|
Non-marketable equity securities |
|
52,768 |
|
|
|
52,768 |
|
Other non-current assets |
|
979 |
|
|
|
756 |
|
Total assets |
$ |
328,302 |
|
|
$ |
362,619 |
|
Liabilities and stockholders’ equity |
|
|
|
||||
Current liabilities: |
|
|
|
||||
Accounts payable |
$ |
8,631 |
|
|
$ |
9,800 |
|
Operating lease liabilities, current |
|
190 |
|
|
|
1,544 |
|
Other current liabilities |
|
52,129 |
|
|
|
54,002 |
|
Total current liabilities |
|
60,950 |
|
|
|
65,346 |
|
Operating lease liabilities, non-current |
|
34 |
|
|
|
9,338 |
|
Long-term debt, net of current portion |
|
126,593 |
|
|
|
125,654 |
|
Other non-current liabilities |
|
307 |
|
|
|
333 |
|
Total liabilities |
|
187,884 |
|
|
|
200,671 |
|
Commitments and contingencies |
|
|
|
||||
Stockholders’ equity: |
|
|
|
||||
Common stock |
|
1 |
|
|
|
1 |
|
Treasury stock at cost, 6.8 million and 5.4 million as of June 30, 2025 and December 31, 2024, respectively |
|
(40,071 |
) |
|
|
(32,349 |
) |
Additional paid-in capital |
|
1,236,721 |
|
|
|
1,226,642 |
|
Accumulated other comprehensive income |
|
— |
|
|
|
— |
|
Accumulated deficit |
|
(1,056,233 |
) |
|
|
(1,032,346 |
) |
Total stockholders’ equity |
|
140,418 |
|
|
|
161,948 |
|
Total liabilities and stockholders’ equity |
$ |
328,302 |
|
|
$ |
362,619 |
|
Skillz Inc. Preliminary Consolidated Statements of Cash Flows (Unaudited) (in thousands) |
|||||||
|
Six Months Ended June 30, |
||||||
|
|
2025 |
|
|
|
2024 |
|
Operating Activities |
|
|
|
||||
Net loss |
$ |
(23,887 |
) |
|
$ |
(678 |
) |
Adjustment to reconcile net loss to net cash used in operating activities: |
|
|
|
||||
Depreciation and amortization |
|
361 |
|
|
|
798 |
|
Stock-based compensation |
|
10,055 |
|
|
|
16,173 |
|
Accretion of unamortized debt discount and amortization of debt issuance costs |
|
939 |
|
|
|
834 |
|
Change in fair value of common stock warrant liabilities |
|
— |
|
|
|
(11 |
) |
Changes in operating assets and liabilities: |
|
|
|
||||
Accounts receivable, net |
|
(6,085 |
) |
|
|
1,719 |
|
Prepaid expenses and other assets |
|
(183 |
) |
|
|
2,580 |
|
Accounts payable |
|
(1,170 |
) |
|
|
4,636 |
|
Operating lease liabilities |
|
(10,573 |
) |
|
|
(769 |
) |
Other accruals and liabilities |
|
(1,166 |
) |
|
|
(1,876 |
) |
Net cash (used in) provided by operating activities |
|
(31,709 |
) |
|
|
23,406 |
|
Investing Activities |
|
|
|
||||
Purchases of property and equipment, including internal-use software |
|
(3,446 |
) |
|
|
(922 |
) |
Settlement of loan receivable |
|
— |
|
|
|
2,000 |
|
Purchases of marketable securities |
|
— |
|
|
|
(5 |
) |
Proceeds from maturities of marketable securities |
|
— |
|
|
|
1,137 |
|
Net cash (used in) provided by investing activities |
|
(3,446 |
) |
|
|
2,210 |
|
Financing Activities |
|
|
|
||||
Principal payments on finance leases obligations |
|
(389 |
) |
|
|
(455 |
) |
Repurchase of common stock |
|
(7,722 |
) |
|
|
(10,770 |
) |
Net cash used in financing activities |
|
(8,111 |
) |
|
|
(11,225 |
) |
Net change in cash, cash equivalents and restricted cash |
|
(43,266 |
) |
|
|
14,391 |
|
Cash, cash equivalents and restricted cash – beginning of year |
|
281,923 |
|
|
|
312,028 |
|
Cash, cash equivalents and restricted cash – end of period |
$ |
238,657 |
|
|
$ |
326,419 |
|
Supplemental cash flow data: |
|
|
|
||||
Cash paid during the period for: |
|
|
|
||||
Interest |
$ |
6,713 |
|
|
$ |
6,813 |
|
Taxes |
$ |
51 |
|
|
$ |
135 |
|
Skillz Inc. Preliminary Reconciliation of GAAP Net Loss to Adjusted EBITDA Loss (Unaudited) (in thousands) |
|||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
Net (loss) income |
$ |
(8,919 |
) |
|
$ |
26,045 |
|
|
$ |
(23,887 |
) |
|
$ |
(678 |
) |
Interest expense (income), net |
|
1,321 |
|
|
|
(334 |
) |
|
|
2,392 |
|
|
|
(447 |
) |
Stock-based compensation |
|
4,366 |
|
|
|
7,433 |
|
|
|
10,055 |
|
|
|
16,173 |
|
Change in fair value of warrant liability |
|
— |
|
|
|
(2 |
) |
|
|
— |
|
|
|
(11 |
) |
(Benefit from) provision for income taxes |
|
(24 |
) |
|
|
73 |
|
|
|
10 |
|
|
|
111 |
|
Depreciation and amortization |
|
194 |
|
|
|
403 |
|
|
|
361 |
|
|
|
798 |
|
Insurance recovery (1) |
|
(8,367 |
) |
|
|
— |
|
|
|
(9,750 |
) |
|
|
— |
|
Gain from litigation settlement(2) |
|
— |
|
|
|
(46,000 |
) |
|
|
(7,500 |
) |
|
|
(46,000 |
) |
Other expense (income), net |
|
1,041 |
|
|
|
(190 |
) |
|
|
1,600 |
|
|
|
(254 |
) |
Adjusted EBITDA loss |
$ |
(10,388 |
) |
|
$ |
(12,572 |
) |
|
$ |
(26,719 |
) |
|
$ |
(30,308 |
) |
1) For the three and six months ended June 30, 2025 amount represents certain funds received as part of an insurance recovery. |
2) For the three and six months ended June 30, 2025 and 2024, amount represents certain funds received as part of the settlement with AviaGames. |
Skillz Inc. Preliminary Reconciliation of GAAP to Non-GAAP Costs and Expenses (in thousands) |
|||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
Research and development |
$ |
4,840 |
|
|
$ |
4,272 |
|
|
|
9,653 |
|
|
|
8,896 |
|
Less: stock-based compensation |
|
(250 |
) |
|
|
(182 |
) |
|
|
(499 |
) |
|
|
(329 |
) |
Non-GAAP research and development |
$ |
4,590 |
|
|
$ |
4,090 |
|
|
$ |
9,154 |
|
|
$ |
8,567 |
|
|
|
|
|
|
|
|
|
||||||||
Sales and marketing |
$ |
17,540 |
|
|
$ |
20,849 |
|
|
$ |
35,215 |
|
|
$ |
41,842 |
|
Less: stock-based compensation |
|
(690 |
) |
|
|
(1,787 |
) |
|
|
(1,872 |
) |
|
|
(3,798 |
) |
Non-GAAP sales and marketing |
$ |
16,850 |
|
|
$ |
19,062 |
|
|
$ |
33,343 |
|
|
$ |
38,044 |
|
|
|
|
|
|
|
|
|
||||||||
General and administrative |
$ |
8,353 |
|
|
$ |
17,236 |
|
|
$ |
24,717 |
|
|
$ |
40,273 |
|
Less: stock-based compensation |
|
(3,426 |
) |
|
|
(5,462 |
) |
|
|
(7,527 |
) |
|
|
(12,043 |
) |
Non-GAAP general and administrative |
$ |
4,927 |
|
|
$ |
11,774 |
|
|
$ |
17,190 |
|
|
$ |
28,230 |
|
Skillz Inc. Preliminary Supplemental Financial Information (in millions, except ARPU and ARPPU) |
|||||||||||||||
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||||||
|
|
2025 |
|
|
|
2024 |
|
|
|
2025 |
|
|
|
2024 |
|
Gross marketplace volume (“GMV”) (000s)(1) |
$ |
136,590 |
|
|
$ |
161,663 |
|
|
$ |
263,076 |
|
|
$ |
322,931 |
|
Paying monthly active users (“PMAUs”) (000s)(2) |
|
146 |
|
|
|
122 |
|
|
|
135 |
|
|
|
121 |
|
Monthly active users (“MAUs”) (000s)(3) |
|
748 |
|
|
|
807 |
|
|
|
756 |
|
|
|
833 |
|
Average GMV per paying monthly active user(4) |
$ |
311.8 |
|
|
$ |
441.7 |
|
|
$ |
324.8 |
|
|
$ |
444.8 |
|
Average GMV per monthly active user(5) |
$ |
60.9 |
|
|
$ |
66.8 |
|
|
$ |
58.0 |
|
|
$ |
64.6 |
|
Average revenue per paying monthly active user (“ARPPU”)(6) |
$ |
62.8 |
|
|
$ |
69.4 |
|
|
$ |
62.5 |
|
|
$ |
69.6 |
|
Average revenue per monthly active user (“ARPU”)(7) |
$ |
12.3 |
|
|
$ |
10.4 |
|
|
$ |
11.2 |
|
|
$ |
10.1 |
|
Paying MAU to MAU ratio |
|
19 |
% |
|
|
15 |
% |
|
|
18 |
% |
|
|
15 |
% |
Average end-user incentives, included as sales and marketing expense, per paying active user(8) |
$ |
24.6 |
|
|
$ |
28.9 |
|
|
$ |
24.8 |
|
|
$ |
26.6 |
|
Average end-user incentives, included as sales and marketing expense, per playing active user(9) |
$ |
4.8 |
|
|
$ |
4.4 |
|
|
$ |
4.4 |
|
|
$ |
3.9 |
|
(1) “GMV” or “Gross Marketplace Volume” means the total entry fees paid by users for contests hosted on Skillz’ platform. Total entry fees include entry fees paid by end-users using cash deposits, prior winnings from end-users’ accounts that have not been withdrawn, and end-user incentives used to enter paid entry fee contests. |
(2) “Paying Monthly Active Users” or “PMAUs” means the number of end-users who entered into a paid contest hosted on Skillz’ platform at least once in a month, averaged over each month in the period. |
(3) “Monthly Active Users” or “MAUs” means the number of playing end-users who entered into a paid or free contest hosted on Skillz’ platform at least once in a month, averaged over each month in the period. |
(4) “Average GMV Per Paying Monthly Active User” means the average GMV in a given month divided by Paying MAUs in that month, averaged over the period. |
(5) “Average GMV Per Monthly Active User” means the average GMV in a given month divided by MAUs in that month, averaged over the period. |
(6) “Average Revenue Per Paying Monthly Active User” or “ARPPU” means the average revenue in a given month divided by Paying MAUs in that month, averaged over the period and does not include a deduction for end-user incentives that are included in sales and marketing expense. |
(7) “Average Revenue Per Monthly Active User” or “ARPU” means the average revenue in a given month divided by MAUs in that month, averaged over the period and does not include a deduction for end-user incentives that are included in sales and marketing expense. |
(8) Amount reflects the average end-user incentives included in sales and marketing expense in a given month divided by PMAUs in that month, averaged over the period. |
(9) Amount reflects the average end-user incentives included in sales and marketing expense in a given month divided by MAUs in that month, averaged over the period. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20250807823595/en/
Investors:
or
Joseph Jaffoni, Christin Armacost
JCIR
(212) 835-8500 or sklz@jcir.com
Media:
Seth Medvin, Head of Communications
Media: press@skillz.com
Source: Skillz Inc.
