Skillz Q3 revenue misses estimates

Firy

06/11/2025 12:23

Overview

Skillz Q3 2025 revenue of $27.4 mln missed analyst expectations

Company's paying monthly active users increased 28% yr/yr, reflecting stronger engagement

Adjusted EBITDA loss improved to $11.8 mln from $13.9 mln in Q3 2024

Outlook

Company highlights strong cash position to invest in strategic initiatives

Skillz focuses on expense management and operational efficiency

Company aims to leverage strengths in gaming and AI-driven ad-tech

Result Drivers

PAYING USERS GROWTH - Skillz reports 28% yr/yr increase in paying monthly active users, indicating stronger engagement

AD TECH ENGINE - Revenue growth supported by platform business and ad tech engine, Aarki

EXPENSE MANAGEMENT - Focus on expense management and operational efficiency improves Adjusted EBITDA

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$27.37 mln
$29.05 mln (2 Analysts)
Q3 Net Income
-$17.44 mln
Q3 Adjusted EBITDA
-$11.80 mln
Q3 Gross Profit
$24 mln
Q3 Operating Income
-$16.27 mln
Q3 Pretax Profit
-$17.40 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 $10.75, about 41% above its November 5 closing price of $6.34

Press Release: ID:nBw44fb39a

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(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.)