Skillz Q2 revenue falls 44% to $40.2M; paying users halve to 200k; net loss narrows to $22M

Skillz Inc.

2023-Q2 EPS reported -$2.75 revenue$84,549,000

Revenue $40.2M, down 44% YoY from $71.8M; gross profit $36.5M vs $62.8M.
Paying monthly active users fell to 200k from 420k (-52%); ARPPU rose to $68.18 from $56.79.
Net loss improved to $22.0M from $62.6M; Adjusted EBITDA loss $(20.2)M vs $(34.0)M.
Operating expenses cut to $72.1M from $118.9M (39% reduction).
Debt reduced by $159.8M to $129.7M; cash & securities $361.4M as of June 30, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Skillz Inc. reported the second quarter ended June 30, 2023 results: revenue $40.2 million, net income $(22.0) million.

Period: the second quarter ended June 30, 2023
Revenue: $40.2 million
Net income: $(22.0) million
Result: reported results

Exact text from the filing

fair competition to players worldwide, today reported financial results for the second quarter ended June 30, 2023. 2023 Second Quarter Financial Highlights: • Revenue of $40.2 million compared to $71.8 million in Q2 2022 • Gross profit of $36.5 million compared to $62.8 million in Q2 2022 • Net loss of $(22.0) million compared to $(62.6) million in Q2 2022 •

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Skillz Inc. filing history →

Source: SEC EDGAR

accession 0001801661-23-000024

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.