- Skillz Platform press release ( NYSE: SKLZ ): Q2 GAAP EPS of -$0.15 beats by $0.01 .
- Revenue of $73.34M (-18.1% Y/Y) misses by $19.43M .
- Shares -11.6% .
- Paying Monthly Active Users (PMAU) declined by 26% quarter-over-quarter from 0.57M in Q1 2022 to 0.42M.
- Monthly Average Revenue Per Paying User (ARPPU) increased by 6% quarter-over-quarter from $55 in Q1 2022 to $58
- “We are driving the company towards profitability and are making changes to our programs and personnel accordingly. We reduced our Net Loss by 59% quarter-over-quarter in Q2 2022,” said Skillz CEO Andrew Paradise. “We are building for the long term future and are repositioning Skillz to grow profitably in 2023 and beyond.”
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Skillz Platform GAAP EPS of -$0.15 beats by $0.01, revenue of $73.34M misses by $19.43M