Skillz reports Q4 EPS ($1.50), consensus ($1.00)

Reports Q4 revenue $20.4M, consensus $25.1M. Reports Q4: Paying monthly active users of 110,000 and Average Revenue Per Paying Monthly Active User of $68.10. “Throughout 2024, we advanced our strategic initiatives to return to consistent top-line growth and positive Adjusted EBITDA,” said Andrew Paradise, Skillz (SKLZ)’ 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 paying monthly active users improving sequentially each month from November 2024 through February 2025. With further execution on our four key pillars, we believe our unique platform and strong balance sheet can generate significant shareholder returns.”