Skillz Misses Q3 Revenue, User Spending Decline
Update: 2025-11-06
Description
Skillz Misses Revenue Expectations, Despite User Base Growth; ARPU DeclineSkillz, a mobile game developer, reported Q3 earnings, missing revenue expectations with $27.37 million, an 11.4% increase year over year, but falling short of analysts estimates of $29.07 million. The company also reported a GAAP loss of $1.14 per share, slightly worse than the consensus of $1.10. Adjusted EBITDA missed projections at -$11.76 million, compared to estimates of -$7.54 million. Despite these misses, Skillz added 34,000 paying monthly active users, a 28.1% increase year over year, but ARPU declined by 12.9% to $58.90. The stock traded down 5.7% to $6. Skillz CEO, Andrew Paradise, highlighted progress towards consistent top-line growth and positive Adjusted EBITDA, with investors focusing on improving revenue per user and overall profitability.
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