Skillz Inc
NYSE:SKLZ
Skillz Inc
Skillz, Inc. operates a mobile gaming platform that connects players in competition. The company is headquartered in San Francisco, California and currently employs 650 full-time employees. The company went IPO on 2020-03-05. Its Skillz is a mobile eSports platform. By utilizing the Company’s monetization services, game developers can enhance the player experience by enabling them to compete in head-to-head matches, live tournaments, leagues, and charity tournaments and increase player retention through referral bonus programs, loyalty perks, on-system achievements and rewarding them with prizes, including bonus cash prizes. The company leverages its technology to hosts billions of casual eSports tournaments for mobile players. The company provides developers with a software development kit (SDK) that they can download and integrate with their existing games. The SDK serves as a data interface between Skillz and the game developers that enables Skillz to provide monetization services to the developer.
Skillz, Inc. operates a mobile gaming platform that connects players in competition. The company is headquartered in San Francisco, California and currently employs 650 full-time employees. The company went IPO on 2020-03-05. Its Skillz is a mobile eSports platform. By utilizing the Company’s monetization services, game developers can enhance the player experience by enabling them to compete in head-to-head matches, live tournaments, leagues, and charity tournaments and increase player retention through referral bonus programs, loyalty perks, on-system achievements and rewarding them with prizes, including bonus cash prizes. The company leverages its technology to hosts billions of casual eSports tournaments for mobile players. The company provides developers with a software development kit (SDK) that they can download and integrate with their existing games. The SDK serves as a data interface between Skillz and the game developers that enables Skillz to provide monetization services to the developer.
Revenue Growth: Skillz reported Q3 revenue of $27 million, up 9% quarter-over-quarter and 11% year-over-year, driven by strong Aarki performance and platform stability.
Paying Users: Paying monthly active users (MAU) rose to 155,000, a 6% increase quarter-over-quarter and 28% year-over-year, indicating stronger player monetization.
Profitability Path: The company highlighted ongoing structural improvements, with Aarki's advertiser base expanding and net revenue from this segment up over 100% year-over-year.
Cost Management: Sales and marketing expenses fell 10% year-over-year, while R&D rose due to ongoing platform investment; net loss improved 17% year-over-year.
Compliance & Filing Delays: Skillz is still working to complete multiple overdue SEC filings and aims to meet NYSE listing standards by December 17, 2025.
Litigation Update: The company continues to pursue legal action against competitors for alleged bot fraud, with a key ruling allowing its claims against Papaya to proceed to trial.
