Skillz Reports Q1 Revenue Growth and Legal Victory in Papaya Gaming Case
Skillz reported first-quarter revenue growth to $29 million year-over-year but continued with an adjusted EBITDA loss of $13 million. The company noted improved unit economics, a profitable RZR segment, and a major legal win against Papaya Gaming, which could result in up to $420 million in damages.
Tickers: $SKLZ
Topics: ebitda legal_victory revenue user_monetization