Revenue Growth
Q3 GAAP revenue of $27 million grew 9% quarter-over-quarter and 11% year-over-year, supported by Aarki momentum and competition platform stability.
Increase in Paying MAU
Paying MAU of 155,000 grew 6% quarter-over-quarter and 28% year-over-year, driven by higher payor conversion rates and deeper monetization.
Aarki's Performance
Aarki business saw accelerating revenue growth with new AI-driven product launches. Net revenue for Aarki was up more than 100% year-over-year.
Progress in Fair Play Initiative
Court denied Papaya's motion for summary judgment against Skillz, allowing Skillz claims to proceed to trial, marking a major step forward in their fair play initiative.
Cash Position
Ended Q3 with $213 million in cash, maintaining a healthy balance sheet while continuing to manage capital prudently.