earnings
confidence high
sentiment negative
materiality 0.70
Skillz Q4 revenue $20.4M, net loss $26.4M; FY 2024 revenue $95.5M, net loss $48.2M
Skillz Inc.
- Q4 2024 revenue $20.4M, gross profit $17.1M, net loss $26.4M, adjusted EBITDA -$18.5M.
- Full year 2024 revenue $95.5M, net loss $48.2M, adjusted EBITDA -$63.0M.
- PMAU 110K in Q4; ARPPU $68.1; sequential PMAU improvement each month Nov 2024 through Feb 2025.
- Ended 2024 with $281.9M cash and cash equivalents; total debt $129.7M.
- Announced $75M developer accelerator program to drive platform game innovation.