Skillz Inc. (SKLZ) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. I'd like to welcome you to the Skills, Inc. fourth quarter and full year 2025 results call. I'll now turn the conference over to your host, Joe Giafoni from JCIR, to begin. Thank you, operator, and good afternoon, everyone. Skills has issued its 2025 fourth quarter and full year earnings release, which is available on the company's investor relations website. Let me read the safe harbor language, and then we'll get right into the call. All statements and comments made by management during this conference call, other than statements of historical fact, may be deemed forward-looking statements for purposes of the Private Security Litigation Reform Act of 1995. SCILS cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those reflected by the forward-looking statements made during this call. For additional details on these risks and uncertainties, please see SCILS' annual report on Form 10-K for the year ended December 31st, 2025, as filed with the Securities and Exchange Commission, and SCILS subsequent public filings with the SEC. SCILS undertakes no obligation to update or revise any forward-looking statements, whether it is the result of new information, future events, or otherwise. Thank you, Joe, and good afternoon. I'll begin today's call with an overview of our fourth quarter and full year 2025 financial performance. For the fourth quarter of 2025, GAAP revenue was $30 million, up 11% from $27 million in the third quarter, and up 67% from $18 million in the prior year period. Adjusted EBITDA loss was $10 million compared to a loss of $12 million in the third quarter and a loss of $17 million in the prior year period. These results mark four consecutive quarter...