Skillz Q1 2024: Revenue $25.2M, Net Loss $26.7M, PMAU 121K, ARPPU $69.8

Skillz Inc.

2024-Q1 EPS reported -$1.45 revenue$25,235,000

Revenue $25.2M, gross profit $21.8M; total operating expenses ex-cost of revenue $48.6M.
Net loss $26.7M; Adjusted EBITDA $(17.7)M.
Paying MAU 121K, ARPPU $69.8.
Cash and restricted cash >$300M at quarter end.
CEO: short-term onboarding setbacks; targeting positive Adjusted EBITDA run-rate by late 2024.

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 0.9

Skillz Inc. reported first quarter ended March 31, 2024 results: revenue Revenue of $25.2 million, net income Net loss of $26.7 million.

Period: first quarter ended March 31, 2024
Revenue: Revenue of $25.2 million
Net income: Net loss of $26.7 million
Result: reported results

Exact text from the filing

Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading mobile games platform bringing fair competition to players worldwide, today reported unaudited financial results for the first quarter ended March 31, 2024. First Quarter Financial Update (Unaudited): • Revenue of $25.2 million. • Gross profit of $21.8 million. • Net loss of $26.7 million.

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Source: SEC EDGAR

accession 0001801661-24-000045

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