Skillz Inc. Q3 FY2025 earnings call

• Pillar 1: Enhanced platform for player and developer engagement. Launched Solitaire Skillz (first from $75 million Developer Accelerator Program); upcoming games with new tech to be showcased at GDC 2026.
• Pillar 2: Aarki momentum continued with AI-driven product launches on iOS/Android; privacy-forward marketing on iOS, investing in machine/deep learning for Aarki.
• Pillar 3: Up-leveled organization with operational efficiency gains; expanded India office; focus on quality paying players, optimized customer acquisition costs.
• Pillar 4: Path to profitability with Aarki net revenue up over 100% year-over-year, improving margins; progress on competition platform.
• Fair play initiative: Litigation against Papaya/Voodoo for bots; Judge Cote denied Papaya's motions; 2 Tether games to stay on platform up to 18 months.

GAAP revenue for Q3 2025 was $27 million, which grew 9% quarter-over-quarter and 11% year-over-year. Paying MAU was 155,000, increasing 6% quarter-over-quarter and 28% year-over-year. Adjusted EBITDA loss was $12 million, decreasing 3% quarter-over-quarter and growing 15% year-over-year.

• Expect to file Form 10-K and 10-Qs by December 17, 2025.
• Committed to achieving NYSE listing standards compliance.
• Confident in path to profitability with Aarki growth and competition platform improvements.

• Initially non-compliant with NYSE listing standards; working to file required docs by Dec 17.
• Forward-looking statements subject to risks/uncertainties affecting actual results.
• Litigation (Papaya/Voodoo) and disputes (Tether) could impact financial performance.