Company: SKLZ
Filing Date: 2025-11-06
Form Type: 10-K
Source: 0001801661-25-000050
Chunk: 201

Company: Skillz Inc.
Filing Date: 2025-11-06
Form: 10-K
Item: Item 8
Chunk 201
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 in connection with proceeds under terms of a settlement agreement entered into with Avia Games in connection with certain bot misuse litigation as discussed in Note 10, Commitments and Contingencies.The following tables provide summarized information about the Company’s operations used by the CODM by reportable segment for the years ended December 31, 2024 and 2023, respectively. For the Year Ended December 31, 2024Skillz SegmentAarki SegmentRevenue$82,442 $10,876 Less:Cost of Revenue9,522 3,883 End User Engagement Marketing 37,164 Paid Acquisition Spend15,891 Headcount expenses 26,709 Consulting fees4,194 Vendor/Software Expenses12,852 Legal fees (non-litigation)6,836 Litigation expenses13,087 Office and operations expenses5,659 Aarki operating expenses14,611 Other segment items3,733 Segment Adjusted EBITDA$(53,205)$(7,618)For the Year Ended December 31, 2023Skillz SegmentAarki SegmentRevenue$139,210 $13,233 Less:Cost of Revenue12,061 3,318 End User Engagement Marketing 64,936 Paid Acquisition Spend 25,554 Headcount expenses 38,634 Consulting fees 11,624 Vendor/Software Expenses15,394 Legal fees (non-litigation)7,649 Litigation expenses7,931 Office and operations expenses10,061 Aarki operating expenses13,745 Other segment items10,364 Segment Adjusted EBITDA$(64,998)$(3,830)

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

Transactions Between SegmentsIntercompany revenue was $0.5 million and $0.4 million for the years ended December 31, 2024 and 2023, respectively.Beginning September 1, 2023, Aarki entered into an agreement with Skillz whereby Aarki will reimburse Skillz for shared services on a monthly basis. The amount paid for the years ended December 21, 2024 and 2023 were not material.Capital ExpendituresConsolidated capital expenditures were $2.5 million and $13.2 million in the years ended December