Revenue: US$95.5m (down 37% from FY 2023).
Net loss: US$48.2m (loss narrowed by 52% from FY 2023).
US$2.70 loss per share (improved from US$4.85 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company’s shares are down 20% from a week ago.
We don’t want to rain on the parade too much, but we did also find 4 warning signs for Skillz (1 is concerning!) that you need to be mindful of.
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