SKLZ News & Events

Skillz announced that it has acquired certain assets of Beamable, a modern game backend and LiveOps platform purpose-built for scalable, live-service games. The acquisition represents a step forward in Skillz's long-term platform strategy, expanding the capabilities available to developers building on the Skillz ecosystem. "Beamable was built to help game developers focus on creativity instead of infrastructure," said Jon Radoff, CEO of Beamable. "By joining Skillz, we're combining modern backend and LiveOps technology with the strongest competition and monetization rails in the industry. This creates a single platform where developers can build richer games, operate them efficiently, and monetize more effectively-at a scale that's difficult to achieve with standalone services."

Reports preliminary Q1: "Adjusted EBITDA of $(15.1M); Paying monthly active users of 124,000. Average Revenue Per Paying Monthly Active User of $62.2. "The first quarter marked further progress toward returning Skillz to consistent top-line growth and positive Adjusted EBITDA," said Andrew Paradise, Skillz' CEO. "First quarter paying monthly active users rose quarter over quarter. We continue to prioritize features and offerings to improve retention and increase player spend. As part of our focus on increasing player engagement and monetization, our $75 million accelerator program is helping us identify the next generation of skill-based mobile games that we expect will ultimately broaden the scope of our offerings. With the ongoing progress against our four key pillars, we remain confident that our unique platform will generate value for shareholders."

Skillz announced that, on April 2, 2025, it received a notice from the New York Stock Exchange that the Company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 802.01 E of the NYSE Listed Company Manual, because the Company has not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. The NYSE Notice has no immediate effect on the listing of the Company's common stock on the NYSE. The NYSE Notice informed the Company that, under NYSE rules, the Company has six months from March 17, 2025 to regain compliance with the NYSE listing standards by filing the Form 10-K with the SEC. The NYSE further noted that, if the Company fails to file the Form 10-K within the six-month period, the NYSE may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances.

Skillz is down -12.1%, or -62c to $4.49.