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Skillz (SKLZ)
NYSE:SKLZ
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.22Last Year’s EPS
-1.45Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -24.46%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant initiatives like the developer accelerator program and improvements in EBITDA loss, alongside challenges such as revenue decline and ongoing litigation. The company shows promise with a strong cash position and strategic growth efforts but faces hurdles in revenue and user engagement.Company Guidance
During the Skillz Inc. 2024 fourth quarter earnings call, the company provided guidance on several key metrics and strategic initiatives. The call highlighted the company's efforts to return to consistent top-line growth and positive adjusted EBITDA, supported by a strong balance sheet with $282 million in cash and cash equivalents. Despite a revenue decline to $20 million, down 17% sequentially and 35% year-over-year, the company noted improvements in its paid user conversion rate to 14.6% in Q4, up from 14.3% in Q3. Operating expenses, excluding litigation costs, were reduced to $16 million, showing a $3 million improvement from the previous quarter. The company also focused on scaling its Las Vegas and Bangalore-based teams and maintaining low user acquisition (UA) spend at $5 million, the lowest since 2018. Furthermore, Skillz announced a $75 million developer accelerator program to support the creation of new games, with a goal to support at least 25 high-potential games. The company ended Q4 with $129.7 million in outstanding debt and expects to receive a $7.5 million payment from Avia Games, as part of a patent infringement case settlement.Developer Accelerator Program Launch
Skillz Inc. announced a $75 million developer accelerator program to drive innovation and expand offerings on its platform over the next three years.
Improvement in Adjusted EBITDA Loss
Full-year adjusted EBITDA loss excluding litigation expenses improved compared to 2023, showcasing steady strides towards profitability.
Sequential Growth in Paying MAU
Paying Monthly Active Users (MAU) grew sequentially for three months from November through February, ending February with 123,000 paying MAUs.
Successful Legal Settlements
Skillz Inc. settled a patent infringement case with Avia Games, expecting a $7.5 million payment as part of the settlement.
Strong Cash Position
Ended the year with $282 million in cash and cash equivalents, providing significant financial flexibility.
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SKLZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SKLZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $5.11 | $4.39 | -14.09% |
| Nov 07, 2024 | $5.63 | $5.07 | -9.95% |
| Aug 01, 2024 | $6.32 | $6.10 | -3.48% |
| May 09, 2024 | $6.40 | $5.44 | -15.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Skillz (SKLZ) report earnings?
Skillz (SKLZ) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Skillz (SKLZ) earnings time?
Skillz (SKLZ) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKLZ EPS forecast?
SKLZ EPS forecast for the fiscal quarter 2025 (Q1) is -1.22.
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