Skillz Inc. Q2 FY2025 earnings call

• Platform enhancement progress: Enhanced loyalty program, introduced ACH deposit and instant withdrawal, launched Skillz Arcade. Also, made progress on new content pipeline generation with $75 million Developer Accelerator program. - Organization strengthening: Continued to strengthen global team with key hires across various teams. - User acquisition and monetization: Saw improvement in paying MAU with 18% quarter-over-quarter growth, user acquisition spend lower but new paying users increased. - Aarki's progress: Revenue growth accelerating with key innovations on iOS and Android. - Fair play initiative: Continuing litigation against Papaya and Voodoo games for alleged bot use, court issued order for Papaya to unseal certain information.

GAAP revenue for Q2 was $27 million, up from $21 million in Q1 2025 and $25 million in Q2 2024. Excluding onetime adjustments, revenue grew 22% quarter-over-quarter and 4% year-over-year. Paying MAU in Q2 was 146,000, up from 124,000 in Q1 2025 and 122,000 in Q2 2024, representing 18% growth quarter-over-quarter and 20% growth year-over-year. Adjusted EBITDA loss in Q2 was $10 million, better than a loss of $16 million in Q1 2025 and a loss of $13 million in Q2 2024, with an improvement of 36% quarter-over-quarter and 17% year-over-year.

• Expect to file Form 10-K for the year ended December 31, 2024 within the 6-month period granted by NYSE notice. - Intend to take necessary steps to achieve compliance with NYSE listing standards as soon as practical. - Believe current valuation doesn't account for combined value of operating platform and progress made, expect unique platform to generate returns for shareholders as business strategy is executed.

• Unable to file 2024 annual report on Form 10-K, received NYSE notice of non-compliance with listing standards. - Forward-looking statements subject to numerous risks and uncertainties that could cause actual results to differ materially from expectations. Need to refer to company's SEC filings for detailed discussion of risks impacting operating results and financial condition.

Q: A: Q: A: We have no questions at this time.