Skillz Q2 2024 revenue $25.3M, net income $26.0M, Adjusted EBITDA loss $(12.6)M

Skillz Inc.

2024-Q2 EPS reported -$0.04 revenue$50,530,000

Revenue $25.3M, net income $26.0M; gross profit $21.9M; Adjusted EBITDA $(12.6)M loss.
Paying MAU 122,000 (first sequential increase in 10 quarters); ARPPU $69.4.
Cash and restricted cash >$325M; operating expenses ex-cost revenue $3.6M.
CEO cites customer acquisition paybacks trending to six months; targeting positive EBITDA.

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