Skillz Reports Q3 Revenue of $27.4 Million and Net Loss of $17.4 Million
Reuters
Nov 06
Skillz Reports Q3 Revenue of $27.4 Million and Net Loss of $17.4 Million
Skillz Inc. reported preliminary unaudited financial results for the third quarter ended September 30, 2025. Revenue was $27.4 million, representing 11% year-over-year and 9% sequential growth. Gross profit reached $24.0 million. The company posted a net loss of $17.4 million and an adjusted EBITDA loss of $11.8 million, compared to a loss of $13.9 million in Q3 2024. Paying monthly active users totaled 155,000, up 6% quarter-over-quarter and 28% year-over-year. Average revenue per paying monthly active user was $58.9. Cash and restricted cash as of September 30, 2025, was $213 million. Business developments include ongoing growth from the company's ad tech engine, Aarki, and continued focus on expense management and operational efficiency.
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