1
JOURNEY TO TODAY
Skillz Inc. founded
Public Company
NYSE: SKLZ
First quarterly sequential increase in GMV since 2021
Skillz GMV grew 12% YoY; RZR was AEBITDA
positive with 120% revenue growth YoY
Prior to 2012
2012 2017 2020 2021
Q1 2025
Q2 2025
Q1 2026
Q2 2026
Mobile Gaming
Infancy #1
Acquired Formerly
Developer Accelerator Program
Acquired
$420M - $1.4B+
Potential Recovery
Skillz Inc. rebrands to "FIRY"
2017
&
2021
2024
2026
Enter the Market
Enters the
Lawsuit Filed
Lawsuit Filed
Lawsuit Won; Lawsuit Filed
Favorable Federal Jury
Litigation continues
Market
$80M Seftlement
Verdict in Litigation
through the legal process
CONFIDENTIAL PROPERTY OF FIRY
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THE COMPANY THAT WAS ATTACKED FOUGHT BACK, AND WON. IS THE ONE HERE TODAY.
CONFIDENTIAL PROPERTY OF FIRY
4
Skill-based Real Money Gaming
90M+ Lifetime Users
AI-Powered Ad Tech
10T Monthly Auctions
Backend and Liveops
4,000 Lifetime Game Developers
FIRY PLATFORM IS THREE COMPLEMENTARY BUSINESSES
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FIRY - SERVING GAME DEVELOPERS
Game Developers
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FIRY - AN UNBEATABLE END-TO-END FLYWHEEL
Developer Platform
Content & Monetization
Product Enhancement
DATA CENTER
Ad Inventory
Default Acquisition Engine
Real Money Gaming
Marketing and UA
Ad Tech
Player Data
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WHY FIRY, WHY NOW
$152M
Total Revenue Cash Flow From Operations
$188M
$258M
2X
Revenue expected to More Than Double From
$93M
$104M
$130M
2025 to 2028.
$29M
$(72M)
$(7M)
$(69M)
$(41M)
$(1M)
Increasing Cash Generation
2023A 2024A 2025A 2026F (1)
Illustrative Chart
2027F (1)
2028F (1)
Annually.
1. Forecasted values are approximate.
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VISION FOR FIRY
Acquisition & Re-Targeting
Social Network for Games
Backend & CRM
Player Database
AI-Powered Full Stack Ad-tech
Marketplace Distribution
Customer validation & learnings
Complete Lifecycle Backend
Additional Ad monetization infrastructure
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10
SKILLZ - THE INVENTOR OF REAL-MONEY SKILL-BASED MOBILE GAMING
PLATFORM CAPABILITIES
PROPRIETARY RATING & MATCHING TECHNOLOGY
Historically a developer platform to enable skill-based gaming
90+
ISSUED PATENTS
FRAUD AND INTEGRITY
PLAYER MARKETING
110+ PATENTS PENDING
IDENTITY AND PAYMENTS
TOURNAMENT INFRASTRUCTURE
BACKEND INFRASTRUCTURE
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THE FUTURE - A SOCIAL NETWORK CONNECTED THROUGH GAMING
Community & Belonging
Communication & Participation
Intelligence & Personalization
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RZR'S NEXT GEN TECHNOLOGY STACK
LTV prediction at impression
Player acquisition at lower CPI
Retention modeling at churn
POWERS PERFORMANCE
The Brain
CONSUMER BEHAVIOR
First Party Data
Payments Identity
FEEDS THE BRAIN
▶ ▶
Scaled Gaming Signals to train on
◄ CHEAPER PLAYERS · HIGHER LTV · MORE TOURNAMENTS ►
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RZR - BUILT TO WIN ON EVERY SIDE OF THE ECOSYSTEM
AGENT-NATIVE
AGENT-NATIVE · SINGLE-SIDED
No players
AGENT-NATIVE · BOTH SIDES
Both sides + agent-native
◀ SINGLE-SIDED BOTH SIDES ▶
DASHBOARD ERA · SINGLE-SIDED
Pick a side. Built for dashboards.
DASHBOARD ERA · BOTH SIDES
50%+ mediation share
Legacy leaders. Not built for agents.
DASHBOARD ERA
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BEAMABLE - STRATEGIC RATIONALE FOR THE 2026 ACQUISITION
The Three Products Platform Features
≈
LiveOps Portal Live Services SDK
Serverless Game Backend
Player CRM Analytics
Live Events Identity
CONFIDENTIAL PROPERTY OF FIRY
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BEAMABLE - HOW THE PLATFORM WILL FIT TOGETHER
CRM: Agentic LiveOps for Modern Games
CONFIDENTIAL PROPERTY OF FIRY
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FIRY HAS ALREADY CREATED A MULTI-BILLION DOLLAR CATEGORY,
SURVIVED ATTACK, QUIETLY REBUILT,AND IS NOW EMERGING TO BUILD
A 100-YEAR COMPANY.19
Supporting Financials & Information
Unit Economics by Business
FIRY- Turnaround Through Financial Discipline
Skillz Platform Inc. V. Papaya Gaming, Ltd
Skillz: Segment Level Overview
RZR - Segment Level Overview
Experienced, Founder-Led Management Team
Adjusted EBITDA Reconciliation
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