Skillz Third Quarter 2024 Earnings: Misses Expectations

In This Article:

Skillz (NYSE:SKLZ) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$24.6m (down 33% from 3Q 2023).

  • Net loss: US$21.1m (loss narrowed by 37% from 3Q 2023).

  • US$1.20 loss per share (improved from US$1.57 loss in 3Q 2023).

earnings-and-revenue-growth
NYSE:SKLZ Earnings and Revenue Growth November 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Skillz Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 7.4%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 8.9% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are down 8.5% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Skillz (at least 1 which shouldn't be ignored), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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