Skillz (SKLZ) Financial Report Summaries

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Positive
Negative
Uncertain
Constraining
Legalese
Litigious
Readability	H.S. sophomore Avg

New words: argument, discovery, expedited, expiration, expired, injunction, line, mooted, opposing, outcome, preliminary, proceeding, prohibition, real, strike, uncertainty, violation, voluntarily

Removed: canceled, churned, flatten, judgment, Tether

From filing 10-Q 2024 Q3

Financial report summary

Competition

Versus Systems

Management Discussion

Consolidated results should be read in conjunction with segment results discussed below and the segment information provided in Note 15, Segment Reporting to our consolidated financial statements included in this Form 10-Q.
Comparison for the three months ended September 30, 2024 and 2023.
Revenue decreased by $11.9 million, or 33%, to $24.6 million in the three months ended September 30, 2024 from $36.4 million in the three months ended September 30, 2023. The decrease was primarily driven by a decrease in the Company’s player base as our monthly active users decreased 19% from 2023. This decrease reflects the decrease of our UA marketing and engagement marketing spend by 43% and 40%, respectively. The reduction in user acquisition and engagement marketing spend was driven to prioritize profitability over revenue growth. The Company has continued to intentionally reduce spend in order to achieve better user acquisition efficiency and eliminate lower-return engagement marketing programs.