Company: SKLZ
Filing Date: 2025-12-11
Form Type: 10-Q
Source: 0001801661-25-000071
Chunk: 51

Company: Skillz Inc.
Filing Date: 2025-12-11
Form: 10-Q
Item: Item 1
Chunk 51
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 Ended June 30, 2025Skillz SegmentAarki SegmentSkillz SegmentAarki SegmentRevenue$19,365 $5,916 $36,958 $10,355 Less:Cost of Revenue2,098 1,052 4,076 2,028 End User Engagement Marketing8,100 16,381 Paid Acquisition Spend3,347 7,078 Headcount expenses7,091 14,137 Consulting fees1,366 2,580 Vendor/Software Expenses2,590 6,288 Legal fees (non-litigation)520 1,046 Litigation expenses4,522 10,177 Office and operations expense1,065 2,772 Aarki operating expenses4,926 9,363 Other segment items31 70 Total Operating Expenses30,730 5,978 64,605 11,391 Segment Adjusted EBITDA$(11,365)$(62)$(27,647)$(1,036)Three Months Ended June 30, 2024Six Months Ended June 30, 2024Skillz SegmentAarki SegmentSkillz SegmentAarki SegmentRevenue$22,738 $2,578 $45,155 $5,443 Less:Cost of Revenue1,943 983 3,986 1,828 End User Engagement Marketing10,559 19,445 Paid Acquisition Spend3,590 8,279 Headcount expenses7,167 16,324 Consulting fees1,259 2,756 Vendor/Software Expenses3,300 6,747 Legal fees (non-litigation)666 6,503 Litigation expenses2,708 2,708 Office and operations expense1,802 3,882 Aarki operating expenses3,702 7,766 Other segment items209 682 Total Operating Expenses33,203 4,685 71,312 9,594 Segment Adjusted EBITDA$(10,465)$(2,107)$(26,157)$(4,151)

Transactions Between Segments

24

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

Intercompany revenue was $67.0 thousand and $21