Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000070
Chunk: 6

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 2
Chunk 6
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 expenses for the year ended December 31, 2024.

Operating Segments

28

We generate revenue from our two reportable segments, Skillz and Aarki. Refer to Note 12, Segment Reporting, of the notes to the condensed consolidated financial statements included in this Form 10-Q for further discussion.

Skillz (the “Company” or “Skillz”) operates a competitive multi-player platform, driving the future of entertainment by accelerating the convergence of video games, real world prizes, and media. The Company’s principal activities are to develop and support a proprietary online-hosted technology platform that creates a multi-player system inside of game developer’s games (“Competitions”) to end-players worldwide.

Aarki (“Aarki”) is a subsidiary of the Company and is an artificial intelligence company that delivers advertising solutions to drive revenue growth for mobile app developers. Aarki enables brands to effectively engage audiences in a privacy-first world by using billions of contextual bidding signals coupled with proprietary machine learning and behavioral models. Aarki works with advertisers globally and manages ad requests on mobile devices.

Results of Operations 

Comparison for the three months ended March 31, 2025 and 2024.

Three Months Ended March 31,2025 to 2024 Change20252024Increase/(Decrease)AmountPercentageRevenue$21,897 $25,235 $(3,338)(13)%Costs and expenses:Cost of revenue2,965 3,451 (486)(14)%Research and development4,817 4,624 193 4 %Sales and marketing18,005 20,994 (2,989)(14)%General and administrative19,083 23,037 (3,954)(17)%Gain from litigation settlement(7,500)— (7,500)— %Total costs and expenses37,370 52,106 (14,736)(28)%Loss from operations(15,473)(26,871)11,398 42 %Interest (expense) income, net(1,071)112 (1,183)(1056)%Change in fair value of common stock warrant liabilities— 9 (9)(100)%Other (expense) income, net(559)65 (624)(960)%Loss before income taxes(17,103)(26,685)9,582 36 %Provision for income taxes39 38 1 3 %Net loss$(17,142)$(