Skillz Q1 revenue rises but missed analyst estimates

Firy

15/05/2026 21:19

Overview

Mobile games platform's Q1 revenue rose yr/yr but missed analyst expectations

Adjusted EBITDA loss narrowed compared to prior year

Company won $420 mln jury award in false advertising case, pending final court ruling

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

OPERATIONAL IMPROVEMENTS - Co said it made progress in improving its core operating businesses and reducing fraud, per CEO Andrew Paradise

COST CONTROL - Excluding litigation-related expenses, adjusted EBITDA improved 15% quarter-over-quarter on a normalized basis, per CFO Gaetano Franceschi

Company press release: ID:nBw8qGvgja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$29.11 mln
$31.27 mln (2 Analysts)
Q1 Net Income
-$10.95 mln
Q1 Adjusted EBITDA
-$12.80 mln
Q1 Gross Profit
$25.50 mln
Q1 Operating Income
-$8.75 mln
Q1 Pretax Profit
-$10.87 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for Skillz Inc is $2.50, about 61.6% below its May 14 closing price of $6.51

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)