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Skillz Reports 2024 Fourth Quarter and Full Year 2024 Results

Skillz Inc. Class A (SKLZ) 
Company Research Source: Business Wire
LAS VEGAS--(BUSINESS WIRE)--Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading mobile games platform bringing fair competition to players worldwide, today reported financial results for the fourth quarter and fiscal year ended December 31, 2024.Fourth Quarter 2024 Financial Highlights:Revenue of $20.4 millionGross profit of $17.1 millionNet loss of $26.4 millionAdjusted EBITDA1 of $(18.5) millionPaying monthly active users (PMAU)2 of 110,000Average Revenue Per Paying Monthly Active User (ARPPU)3 of $68.1Total operating expenses excluding cost of revenue of $43.2 millionFull Year 2024 Financial Highlights:Revenue of $95.5 millionGross profit of $82.1 millionNet loss of $48.2 millionAdjusted EBITDA1 of $(63.0) millionPaying Read more
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