NYSE$SKLZ
Skillz Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Delivered $93 million in Revenue with Higher Marketing Efficiency.
Skillz Inc. announced its Q1 2022 financial results, reporting a 12% increase in revenue to $93 million compared to the prior year period. The company demonstrated improved marketing efficiency and a $17 million improvement in Adjusted EBITDA over Q4 2021. However, net loss increased to $148 million from $54 million in the prior year period.
- Revenue was up 12% over the prior year period to $93 million.
- Gross Profit grew by 6% over the prior year period to $84 million.
- Paying Monthly Active Users increased by 22% over the prior year period to 0.57 million.
- Revenue After Engagement Marketing (RAEM) increased by 8% over the prior year period to $51.3 million.
Headline financials
Revenue & EPS history
Skillz · Revenue · Quarterly
$93.4M
Revenue by segment
Skillz · $29.4M total across 2 segments · Q1 2026
- Skillz Platform$19.7M—66.8%
- RZR Advertising$9.76M—33.2%
Forward guidance
Skillz is maintaining its full-year 2022 revenue guidance of $400 million. The company expects a reduction in engagement marketing as a percentage of revenue of approximately 10 percentage points compared to 2021, implying RAEM of $245 million, representing 24% year-over-year growth. Skillz anticipates achieving an Adjusted EBITDA margin improvement of approximately 10 percentage points compared to 2021 and expects to exit 2022 with a Q4 year-over-year RAEM growth rate above 30% and a Q4 Adjusted EBITDA margin better than (30)%.
Tailwinds
- Full-year 2022 revenue guidance of $400 million.
- Estimated reduction in engagement marketing as a percentage of revenue of approximately 10 percentage points compared to 2021.
- Implied RAEM of $245 million, representing 24% year-over-year growth.
- Anticipated Adjusted EBITDA margin improvement of approximately 10 percentage points compared to 2021.
- Expected Q4 2022 year-over-year RAEM growth rate above 30%.
Headwinds
- Q4 2022 Adjusted EBITDA margin expected to be better than (30)%.
- No specific information provided on net income or EPS guidance.
- Guidance is based on estimates and assumptions, which may not materialize.
- Achievement of guidance depends on various factors, including market conditions and company performance.
- Unspecified risks and uncertainties could impact the company's ability to achieve its guidance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-3.8%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+4.2%
Avg return
30 days after
27%
7 / 26 earnings
Positive
+15.5%
Q4 2022
Best reaction
-19.9%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.8% | +11.2% | +33.0% | |
| Q4 2025 | -4.6% | -3.9% | +189.6% | |
| Q3 2025 | -0.8% | -0.6% | -11.4% | |
| Q2 2025 | +14.0% | +29.8% | +11.9% | |
| Q1 2025 | +6.2% | +15.3% | +19.3% | |
| Q4 2024 | -14.1% | -10.6% | -18.8% | |
| Q3 2024 | -9.0% | -11.5% | -0.9% | |
| Q2 2024 | -5.4% | -6.2% | -8.5% | |
| Q1 2024 | -13.5% | +2.4% | +11.0% | |
| Q4 2023 | -11.7% | -12.6% | -12.8% | |
| Q3 2023 | -14.9% | -6.7% | +10.8% | |
| Q2 2023 | -14.4% | -12.9% | -28.9% | |
| Q1 2023 | -14.2% | -14.8% | -8.0% | |
| Q4 2022 | +15.5% | +14.0% | +21.2% | |
| Q3 2022 | -1.0% | +2.9% | -3.7% | |
| Q2 2022 | -8.7% | +0.0% | -27.3% | |
| Q1 2022 | -3.3% | -20.0% | -22.3% | |
| Q4 2021 | -19.9% | -13.9% | -15.0% | |
| Q3 2021 | -1.8% | +6.3% | -30.6% | |
| Q2 2021 | -14.6% | -16.1% | -12.9% | |
| Q1 2021 | -6.3% | -4.9% | +28.5% | |
| Q4 2019 | +13.2% | +5.7% | -37.9% | |
| Q4 2020 | +9.5% | +24.0% | -31.9% | |
| Q3 2020 | +4.3% | +6.7% | +39.3% | |
| Q2 2020 | -0.3% | -1.9% | +11.0% | |
| Q1 2020 | +1.5% | +2.0% | +4.0% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro