Skillz Inc. (SKLZ) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $1.09. This compares to loss of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.60%. A quarter ago, it was expected that this company would post a loss of $1.07 per share when it actually produced a loss of $1.50, delivering a surprise of -40.19%.Over the last four quarters, the company has surpassed c ...

Skillz (SKLZ) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Company Participants Richard Land - Investor RelationsAndrew Paradise - Founder, Director & CEOGaetano Franceschi - Chief Financial Officer Operator Good afternoon all. I'd like to welcome you all to the Skills Inc twenty twenty five First Quarter Results Call. My name is Lauren, and I'll be moderating your call today. There will be an opportunity for questions at the end of the presentation. I would now like to pass the conference call over to ou ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $22 million, representing a 21% sequential increase but an 11% year-over-year decline [17] - Adjusted EBITDA loss for Q1 was $50 million, an improvement from a loss of $90 million in Q4 2024 [18] - Net loss for Q1 was $15 million, compared to a net loss of $27 million in the prior year [18] - Cash position at the end of Q1 was $264 million, including $254 million in cash and cash equivalents [18] Business Line Data and Key Metrics Changes - Paid Monthly Active Users (MAU) increased to 123,000 in Q1 from 110,000 in Q4 2024, indicating growth in user engagement [13] - The paid user conversion rate rose to 16.2% in Q1 from 14.6% in Q4 2024 [17] Market Data and Key Metrics Changes - The company is actively involved in litigation against international competitors, alleging unfair practices that harm its business [7][9] - The ongoing legal actions are aimed at protecting consumer interests and ensuring fair competition in the skill-based gaming industry [6][10] Company Strategy and Development Direction - The company is focusing on enhancing its platform to improve consumer and developer engagement, with a commitment to invest up to $75 million over the next three years to support new game development [11] - The strategy includes expanding beyond casual skill games into new genres to broaden competitive gaming offerings [12] - The company aims to achieve positive adjusted EBITDA and sustainable growth while managing expenses [15] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of building trust in the industry and protecting players from deceptive practices [6][10] - The company remains confident in its ability to compete against legitimate skill-based gaming providers and is focused on returning to consistent top-line growth [10][15] Other Important Information - The company is working to comply with NYSE listing standards after receiving a notice of non-compliance [3][4] - The company has received a $7.5 million payment from AviGames as part of a settlement, contributing to its cash position [19] Q&A Session Summary - No questions were registered during the Q&A session, leading to the conclusion of the call [20]

Skillz Announces Preliminary First Quarter 2025 Results LAS VEGAS-- May 8, 2025-- Skillz Inc. (NYSE: SKLZ) ("Skillz" or the "Company"), the leading mobile games platform bringing fair competition to players worldwide, today reported unaudited preliminary financial results for the first quarter ended March 31, 2025. Preliminary First Quarter Financial Update (Unaudited): "The first quarter marked further progress toward returning Skillz to consistent top-line growth and positive Adjusted EBITDA," said Andrew ...

Core Insights - Skillz reported a challenging fourth quarter with earnings missing expectations, highlighting ongoing difficulties in revenue and user retention [1][2] Financial Performance - Q4 2024 revenue was $20.4 million, down 34.5% from $31.1 million in Q4 2023, and below the FactSet estimate of $25 million [2][3] - The net loss for the quarter was $26.4 million, resulting in a GAAP EPS of ($1.50), missing the expected ($1.13) by 32.7% [2][6] - Paying Monthly Active Users (PMAU) decreased to 110,000 from 137,000, a decline of 19.7% [3][7] - Average Revenue Per Paying Monthly Active User (ARPPU) fell to $68.1 from $73.3, a decrease of 7.1% [3][8] - Adjusted EBITDA was $(18.5) million, worsening from $(7.3) million in the previous year [3] Business Model and Strategy - Skillz operates a platform for mobile gaming competitions, focusing on fair play and providing developers with tools for multiplayer capabilities [4] - The company is implementing a $75 million developer accelerator to enhance game innovation and user engagement [5] - Despite cost control efforts, operating expenses excluding revenue costs were $43.2 million, down 10.4% year-over-year [8] Recent Developments - A legal victory against AviaGames strengthened Skillz's market position, crucial for maintaining fair competition [9] - Management reported sequential increases in user counts from November 2024 through February 2025, indicating potential recovery [7] Future Outlook - Management aims for positive adjusted EBITDA by 2025, focusing on user acquisition, retention strategies, and operational enhancements [10][11] - The emphasis on fair play technologies is central to Skillz's competitive differentiation [11] - Future guidance will be critical for investors, with a focus on revenue generation improvements and cost efficiencies [11]

Skillz (SKLZ) Q4 2024 Earnings Call March 13, 2025 09:54 PM ET Company Participants Richard Land - Senior Managing DirectorAndrew Paradise - Founder, Director & CEOGaetano Franceschi - Chief Financial Officer Operator I'd now like to pass the conference over to our host, Rich Sherland from JCIR to begin. Please go ahead. Richard Land Good afternoon, and welcome to the Skillz fourth quarter earnings conference call. On the call today are Andrew Paradise, Skillz' Co Founder and CEO and Gaetano Franceschi, CFO ...

Skillz Inc. (NYSE:SKLZ) Q4 2024 Earnings Conference Call March 13, 2025 4:30 PM ET Company Participants Richard Land - JCIR Andrew Paradise - Co-Founder & CEO Gaetano Franceschi - CFO Conference Call Participants Operator Good afternoon, all. I would like to welcome you all to the Skillz Inc. 2024 fourth quarter result call. My name is Matt, and I will be moderating your call today. Lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. If y ...

Core Insights - Skillz Inc. reported a quarterly loss of $1.50 per share, which was worse than the Zacks Consensus Estimate of a loss of $1.07, marking a 40.19% earnings surprise [1] - The company's revenues for the quarter ended December 2024 were $20.37 million, missing the Zacks Consensus Estimate by 19.80% and down from $29.14 million a year ago [2] - Skillz has only surpassed consensus EPS estimates once in the last four quarters and has consistently missed revenue estimates during the same period [2] Financial Performance - The company experienced a loss of $1.04 per share in the same quarter last year, indicating a deterioration in performance year-over-year [1] - The current consensus EPS estimate for the upcoming quarter is -$0.70 on revenues of $26 million, and for the current fiscal year, it is -$3.62 on revenues of $111.05 million [7] Market Position - Despite the poor earnings report, Skillz shares have increased by approximately 7.2% since the beginning of the year, contrasting with a -4.8% decline in the S&P 500 [3] - The Zacks Rank for Skillz is currently 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6] Industry Context - The Gaming industry, to which Skillz belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, indicating a challenging environment [8] - The performance of Skillz's stock may be influenced by the overall outlook for the gaming industry, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Fourth Quarter 2024 Financial Highlights: Full Year 2024 Financial Highlights: "Throughout 2024, we advanced our strategic initiatives to return to consistent top-line growth and positive Adjusted EBITDA," said Andrew Paradise, Skillz' CEO. "As part of our focus on our new product and content pipeline, we recently announced a $75 million developer accelerator program to drive and deliver the best game innovation and expand the offerings on our platform. We are encouraged by our recent performance with payin ...

Core Viewpoint - Skillz Inc. is expected to report a loss per share of $1.07 for Q4 2024, with revenues projected at $25.4 million, reflecting a year-over-year decline of 12.8% [2][3] Group 1: Financial Performance Expectations - The Zacks Consensus Estimate for Skillz's Q4 2024 indicates a loss per share of $1.07, unchanged over the past 60 days, compared to an adjusted loss of $1.04 in the same quarter last year [2] - Revenue expectations for the quarter are set at $25.4 million, representing a 12.8% decrease year-over-year [2] Group 2: Factors Impacting Performance - The anticipated decline in Q4 revenue is attributed to a decrease in monthly active users (MAU) and paying MAU, alongside lower traffic levels, influenced by softening economic conditions in the consumer discretionary sector [3] - Rising costs and expenses, particularly related to user acquisition and disruptions from Identifier for Advertisers, are expected to pressure margins [4] Group 3: Strategic Initiatives - Skillz's focus on four strategic pillars—strengthening the platform, optimizing organizational structure, enhancing go-to-market efficiency, and establishing a clear path to profitability—may have positively influenced its performance [5] Group 4: Earnings Prediction Model - The current model does not predict an earnings beat for Skillz, as it lacks a positive Earnings ESP and holds a Zacks Rank of 3 (Hold) [6][7]