Skillz Inc (NYSE:SKLZ) reported its preliminary unaudited financial results for the third quarter ended September 30, 2025. The company recorded revenue of $27.4 million and a gross profit of $24.0 million. Despite the gains, Skillz reported a net loss of $17.4 million and an adjusted EBITDA loss of $11.8 million, an improvement from a loss of $13.9 million during the same period last year.
The company noted it had 155,000 paying monthly active users, reflecting a 6% increase quarter-over-quarter and a 28% rise year-over-year. The average revenue per paying monthly active user (ARPPU) was $58.9, with total costs and expenses excluding revenue costs reaching $40.3 million. Cash and restricted cash totaled $213 million as of September 30, 2025.
Skillz CEO Andrew Paradise emphasized continued progress toward consistent revenue growth and positive adjusted EBITDA, citing strong engagement across its platform. CFO Gaetano Franceschi highlighted effective expense management, positioning the company to invest in strategic initiatives moving forward. Skillz will host a conference call to discuss these results further.
#Investor Takeaway
Skillz’s quarterly results indicate growth in revenue and user engagement despite ongoing losses.
#Market Impact
The performance boosts indicate potential short-term support for Skillz's stock. Investors may assess upcoming developments based on the responses to the conference call and future earnings guidance.
#What’s Next
Investors should monitor Skillz’s upcoming conference call and expected filings for insights into quarterly performance and future strategies.