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Skillz (SKLZ) investor relations material
Skillz Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 GAAP revenue reached $27.4 million, up 11% year over year and 9% quarter over quarter, driven by Aarki's momentum and platform stability.
Gross profit was $24.0 million, with net loss of $17.4 million for Q3 2025.
Paying MAU grew to 155,000, up 6% sequentially and 28% year over year, with ARPPU of $58.9, reflecting improved player conversion and monetization.
Adjusted EBITDA loss improved to $11.8 million from $13.9 million in Q3 2024, reflecting operational efficiency gains and disciplined execution.
Cash and restricted cash stood at $213 million as of September 30, 2025, supporting investment in strategic initiatives.
Financial highlights
Q3 GAAP revenue: $27.4 million (Q2 2025: $25 million; Q3 2024: $24 million).
Gross marketplace volume (GMV) was $139.5 million, down from $158.2 million in Q3 2024.
Net loss: $17.4 million, improved 17% year over year; net loss per share was $1.14, compared to $1.20 in Q3 2024.
Adjusted EBITDA loss: $11.8 million (Q2 2025: $11 million; Q3 2024: $13.9 million).
R&D expenses: $5 million, up 15% year over year; Sales & marketing: $17 million, down 10% year over year; G&A: $17 million, down 4% year over year.
Outlook and guidance
Management expects continued progress toward profitability and long-term value creation through operational focus and disciplined investment.
Anticipates further platform and ad tech expansion, with new game launches and AI-driven product enhancements.
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