Skillz reports Q3 EPS ($1.20), consensus ($1.11)

Reports Q3 revenue $24.6M, consensus $26.6M. “Our third quarter operating performance was marked by continued execution on our strategic operating priorities as we further position Skillz (SKLZ) to generate sustainable top-line growth and positive cash flow,” said Andrew Paradise, Skillz’ CEO. “Paying Monthly Average Users in the quarter was stable on a quarterly sequential basis. By focusing our customer acquisition spend on targeted channels we again achieved system-wide payback approaching six months. We are optimistic that continued execution on our strategic initiatives will position Skillz to generate positive Adjusted EBITDA on a run-rate basis in 2025.”