Skillz Inc. (SKLZ)
Skillz Inc. (SKLZ) is a mobile gaming platform that enables developers to create skill-based games with integrated competitions and tournaments. Founded in 2012, the company focuses on leveraging its technology to promote fair gameplay and user engagement through real-time multiplayer experiences and cash prizes. Skillz aims to combine gaming entertainment with competitive skill-based challenges across various genres.
Company News
Skillz, a mobile gaming platform, reported a steep decline in revenue and widening net loss in Q4 2024, missing analyst expectations. The company faced challenges in user engagement and monetization, despite efforts to improve fair play and expand its developer ecosystem.
Skillz (SKLZ) delivered earnings and revenue surprises of -16.94% and 14.56%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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Skillz is down nearly 85% over the last year as the market flashes red over declining revenue. Click here to see why SKLZ stock is a Hold.