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Skillz (SKLZ)
NYSE:SKLZ
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-1.34Last Year’s EPS
1.44Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 19.32%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted positive sequential revenue growth and improvements in key metrics like user conversion rates and net loss reduction. However, it also revealed challenges such as year-over-year revenue decline, compliance issues with the NYSE, and ongoing litigation with competitors. The sentiment is mixed with both significant achievements and considerable challenges.Company Guidance
In the Skillz, Inc. 2025 First Quarter Results Call, guidance highlighted several key financial metrics and strategic initiatives. Revenue for the quarter was reported at $22 million, reflecting a 21% sequential increase but an 11% decline year-over-year. The company achieved a paid user conversion rate of 16.2%, up from 14.6% in the previous quarter. Research and development expenses stood at $5 million, marking a 4% increase year-over-year, while sales and marketing expenses decreased by 9% year-over-year to $19 million. General and administrative expenses were $16 million, down 29% year-over-year, and the adjusted EBITDA loss was reduced to $15 million from $19 million in the fourth quarter of 2024. Skillz ended the quarter with a strong balance sheet, holding $264 million in cash, including cash equivalents and restricted cash, and an outstanding debt principal of $129.7 million. The company emphasized its strategic focus on enhancing its platform, optimizing organizational structure, improving go-to-market strategies, and demonstrating a clear path to profitability, supported by a robust balance sheet and financial position.Sequential Revenue Growth
Revenue for Q1 was $22 million, reflecting a 21% increase sequentially from the previous quarter.
Improved Paying User Conversion Rate
The paying user conversion rate increased to 16.2% in Q1 from 14.6% in Q4 2024.
Significant Reduction in Net Loss
Net loss for Q1 was $15 million, compared to a net loss of $27 million in the prior year.
Strong Cash Position
Ended Q1 with $264 million in cash, including a $7.5 million payment received from AviaGames as part of a settlement.
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
SKLZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $5.28 | $5.58 | +5.68% |
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% |
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.
FAQ
When does Skillz (SKLZ) report earnings?
Skillz (SKLZ) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Skillz (SKLZ) earnings time?
Skillz (SKLZ) earnings time is at Jul 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 (Q2) is -1.34.