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Skillz Reports 2024 Fourth Quarter and Full Year 2024 Results

1. Skillz reported Q4 2024 revenue of $20.4 million, with a net loss of $26.4 million. 2. PMAU stands at 110,000, indicating user engagement challenges for Skillz.

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+2.05%S&P 500
$5.1103/13 04:16 PM EDTEvent Start
$4.3903/14 10:44 PM EDTLatest Updated
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FAQ

Why Bearish?

The significant net loss of $26.4 million is concerning. Historical data shows persistent losses can lead to declining investor confidence.

How important is it?

The reported losses and number of active users can significantly impact investor sentiment and stock performance.

Why Short Term?

Immediate disappointment from investors is likely due to the recent quarterly results. Similar past instances showed quick market reactions to poor earnings.

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AMZNEATTWO
LAS VEGAS--(BUSINESS WIRE)--Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading mobile games platform bringing fair competition to players worldwide, today reported financial results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights: Revenue of $20.4 million Gross profit of $17.1 million Net loss of $26.4 million Adjusted EBITDA1 of $(18.5) million Paying monthly active users (PMAU)2 of 110,000 Average Revenue Per Paying Month.

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