---
schema_version: "secwatch.filing_event.v1"
accession: "0001801661-23-000024"
form_type: "8-K"
ticker: "SKLZ"
cik: "0001801661"
company_name: "Skillz Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T14:28:58.381882+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001801661-23-000024
- form_type: 8-K
- ticker: SKLZ
- cik: 0001801661
- company_name: Skillz Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801661/000180166123000024/0001801661-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801661/000180166123000024/sklz-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801661-23-000024
- JSON: https://secwatch.observer/filing/0001801661-23-000024.json
- Plain text: https://secwatch.observer/filing/0001801661-23-000024.txt

## Key facts
- Earnings Releases
  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
  source text: 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 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801661/000180166123000024/0001801661-23-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.