Skillz Inc. ( (SKLZ) ) has released its Q2 earnings. Here is a breakdown of the information Skillz Inc. presented to its investors.
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Skillz Inc., a leading mobile games platform, specializes in hosting competitive eSports tournaments for millions of mobile players worldwide, leveraging its patented technology to enhance player engagement and retention.
Skillz Inc. has released its preliminary financial results for the second quarter of 2025, showcasing a continued trajectory towards growth and operational efficiency. The company reported an 8% year-over-year increase in revenue, reaching $27.4 million, and highlighted significant growth in its paying monthly active users.
Key financial metrics from the quarter include a gross profit of $24.2 million and a net loss of $8.9 million. The company also reported an adjusted EBITDA loss of $10.4 million. Notably, Skillz achieved a 20% year-over-year increase in paying monthly active users, reaching 146,000, with an average revenue per paying user of $62.8. The company’s strategic initiatives, such as the $75 million Developer Accelerator program, are aimed at expanding its game offerings and enhancing player engagement.
Despite the challenges, Skillz remains focused on disciplined expense management, which has contributed to improvements in its adjusted EBITDA loss. The company maintains a stable balance sheet with over $238 million in cash and restricted cash, providing the flexibility to invest in strategic growth initiatives.
Looking ahead, Skillz management is optimistic about achieving consistent top-line growth and positive adjusted EBITDA. The company is committed to delivering long-term value for shareholders through its strategic initiatives and continued focus on player engagement and retention.