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Stock impact report

Skillz (SKLZ) Q4 Earnings Top Estimates, Revenues Lag, Down Y/Y [Yahoo! Finance]

Skillz Inc. Class A (SKLZ) 
Company Research Source: Yahoo! Finance
On a year-over-year basis, the top declined, but the bottom line improved. The downside was due to a year-over-year decline in paying monthly active users and monthly active users. Earnings and Revenues In the quarter under review, Skillz reported an adjusted loss of $1.04 per share, narrower than the Zacks Consensus Estimate of $1.48. The company reported an adjusted loss of $2.4 in the prior-year quarter. Skillz Inc. Price, Consensus and EPS Surprise Skillz Inc. price-consensus-eps-surprise-chart | Skillz Inc. Quote Total revenues of $29.1 million missed the consensus mark of $39.2 million by 24.1%. The top line declined 37.8% on a year-over-year basis. During the quarter, paying monthly active users and monthly active users declined year over year by 41.7% and 30.5% to 137,000 and 896,000, respectively. However, the average revenue per paying monthly active user of $70.3 was up from $66.6 in the year-ago quarter. Operating Highlights During fourth-quarter 2023, the Show less Read more
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