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SKLZ
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Skillz Reports 2024 Fourth Quarter and Full Year 2024 Results

1. Skillz reports Q4 2024 revenue of $20.4 million but incurs a net loss of $26.4 million. 2. The company has 110,000 paying monthly active users, indicating revenue generation potential.

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FAQ

Why Bearish?

The significant net loss may deter investor confidence, similar to past performance dips.

How important is it?

The results directly affect SKLZ's financial health, influencing investor perception and stock performance.

Why Short Term?

Immediate investor reactions to poor financial results are typically reflected quickly in stock prices.

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TTWOATVIZNGA
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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