NYSE:SKLZ - New York Stock Exchange, Inc. - US83067L2088 - Common Stock - Currency: USD
What a brutal six months it’s been for Skillz. The stock has dropped 27.4% and now trades at $3.95, rattling many shareholders. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Mentions: CRWD
Let’s dig into the relative performance of Alphabet (NASDAQ:GOOGL) and its peers as we unravel the now-completed Q4 consumer internet earnings season.
Shares of mobile game developer Skillz (NYSE:SKLZ) fell 12.9% in the morning session after the company reported disappointing fourth-quarter 2024 results: Its user count, and the number of paying monthly active users fell short of Wall Street's estimates. Adding to the concern, key metrics we track fell below Wall Street's expectations, including sales, EBITDA, and EPS. Notably, sales plummeted 30% year on year, reflecting a persistent decline in platform engagement and competitive pressures. Th
Skillz reveals a challenging quarter as its earnings miss expectations, highlighting ongoing difficulties in revenue and user retention.
Mobile game developer Skillz (NYSE:SKLZ) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 30.1% year on year to $20.37 million. Its GAAP loss of $1.50 per share was 32% below analysts’ consensus estimates.
Mobile game developer Skillz (NYSE:SKLZ) will be reporting earnings tomorrow after the bell. Here’s what to look for.
What a brutal six months it’s been for Skillz. The stock has dropped 24.3% and now trades at $5.10, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.