NYSE$SKLZ

Skillz Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a decrease in revenue and a net loss, amid operational and organizational improvements.

Skillz Inc. announced its Q4 2022 results, reporting a revenue of $46.9 million, a 57% decrease year-over-year, and a net loss of $143.5 million. The company focused on operational improvements and strengthening its management team. Skillz ended the year with $546.5 million in cash, cash equivalents, and marketable securities.

  • Revenue decreased by 57% year-over-year to $46.9 million.
  • Net loss was $143.5 million for the quarter.
  • Paying monthly active users (PMAU) were 235,000.
  • Average Revenue Per Paying Monthly Active User (ARPPU) was $66.6.

Headline financials

Total Revenue

$46.9M

Previous: $109M-56.9%
EPS (adj)

-$1.20

Previous: -$5.00+76.0%
Net Income

-$144M

Previous: -$99M-45.0%
Operating Income

-$139M

Previous: -$104M-33.8%
Gross Profit

$42M

Previous: $100M-58.2%
Cash & Equivalents

$363M

Previous: $241M+50.2%
Total Assets

$621M

Previous: $1.02B-39.3%
Stock-Based Comp

$10.6M

Previous: $17.8M-40.3%

Revenue & EPS history

Skillz · Revenue · Quarterly

$46.9M

Q4 2022-56.9%vs Q4 2021
Beat estimate in 1 of 12 quarters(8%)
ActualEstimate

Revenue by segment

Skillz · $29.4M total across 2 segments · Q1 2026

  • Skillz Platform
    $19.7M
  • RZR Advertising
    $9.76M

Forward guidance

While the short-term operating environment remains volatile, Skillz has strong confidence in its people and platform, bolstered by its strong liquidity position.

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 Q4 2022

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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%

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