Skillz Earnings Miss, User Base Shrinks
Skillz reveals a challenging quarter as its earnings miss expectations, highlighting ongoing difficulties in revenue and user retention.
Skillz (NYSE:SKLZ), known for its mobile gaming competitive platform, reported its fourth-quarter results on March 13, 2025.
The release showed a steep decline in revenue and a widening net loss, missing analyst expectations. Revenue for Q4 2024 was $20.4 million, down from $31.1 million in Q4 2023 and not meeting FactSet estimates of $25 million. The company's net loss for the quarter was $26.4 million, resulting in a GAAP EPS of ($1.50), versus the expected ($1.13) net loss per share.
This quarter underscores Skillz’s struggle to stabilize revenue while facing headwinds in user engagement.
