Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000070
Chunk: 25

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 25
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 thousands, unless otherwise noted)

3. Revenue

The following tables present the Company’s revenues, disaggregated by offering, geographical region, and reportable segment for the three months ended March 31, 2025 and 2024. Revenue by geographical region is based on the location where the game developer or advertising customer is headquartered. Revenue is recognized net of any taxes collected from customers (e.g., sales and other indirect taxes), which are subsequently remitted to governmental entities. For more information on revenues presented by reportable segment, see Note 12, Segment Reporting.Three Months Ended March 31, 2025SkillzAarkiEliminationConsolidatedRevenue From Customers:Entry Fee Revenue$17,151 $— $— $17,151 Advertising Revenue— 4,439 (134)4,305 Other Revenue:Maintenance Fee Revenue441 — — 441 Total Revenue$17,592 $4,439 $(134)$21,897 United States$16,298 $1,319 $(134)$17,483 Other Countries1,294 3,120 — 4,414 Total Revenue$17,592 $4,439 $(134)$21,897 Three Months Ended March 31, 2024SkillzAarkiEliminationConsolidatedRevenue From Customers:Entry Fee Revenue$21,778 $— $— $21,778 Advertising Revenue— 2,865 (47)2,818 Other Revenue:Maintenance Fee Revenue639 — — 639 Total Revenue$22,417 $2,865 $(47)$25,235 United States$21,511 $659 $(47)$22,123 Other Countries906 2,206 — 3,112 Total Revenue$22,417 $2,865 $(47)$25,235 

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TABLE OF CONTENTSSKILLZ INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited, amounts in tables are in thousands, unless otherwise noted)

Revenues from Entry FeesThe Company generates substantially all its revenues through its competition-based Skillz segment by providing a service to game developers for monetization of their game content. The monetization service provided by Skillz allows developers to offer multi-player competition to their end-users for the purpose of end-user retention and engagement. Skillz provides developers with a