Skillz Acquires Beamable Assets, Advancing Platform Strategy
Skillz announced that it has acquired certain assets of Beamable, a modern game backend and LiveOps platform purpose-built for scalable, live-service games. The acquisition represents a step forward in Skillz's long-term platform strategy, expanding the capabilities available to developers building on the Skillz ecosystem. "Beamable was built to help game developers focus on creativity instead of infrastructure," said Jon Radoff, CEO of Beamable. "By joining Skillz, we're combining modern backend and LiveOps technology with the strongest competition and monetization rails in the industry. This creates a single platform where developers can build richer games, operate them efficiently, and monetize more effectively-at a scale that's difficult to achieve with standalone services."
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Skillz Acquires Beamable Assets to Enhance Platform Capabilities
- Acquisition of Beamable Assets: Skillz has acquired certain assets of Beamable, a modern game backend and LiveOps platform, which enhances the capabilities available to developers within the Skillz ecosystem and advances its long-term platform strategy.
- Integration Advantages: By integrating Beamable's backend services and LiveOps tools, Skillz can provide developers with more powerful features that help them build, operate, and monetize games more effectively, thereby accelerating time-to-market.
- Enhanced Developer Support: The integration of new technologies will enable developers to access advanced backend and LiveOps services, reduce reliance on third-party backend providers, and support both real-money and non-real-money experiences, improving development efficiency.
- Future Development Plans: Skillz plans to unveil details of SDK enhancements ahead of the 2026 GDC, ensuring close collaboration with developers for a smooth transition and integration of Beamable's services, driving ongoing platform innovation.
Skillz Reports Initial Results for Third Quarter 2025
Financial Performance: Skillz Inc. reported third-quarter revenue of $27.4 million, a gross profit of $24.0 million, and a net loss of $17.4 million, showing improvements in adjusted EBITDA loss compared to the previous year.
User Engagement Growth: The company experienced a 28% year-over-year increase in paying monthly active users (PMAUs), reaching 155,000, alongside a 9% sequential revenue growth.
Cash Position: As of September 30, 2025, Skillz had $213 million in cash and restricted cash, positioning the company well for future investments and strategic initiatives.
Regulatory Compliance: Skillz is working to complete its financial statements and address delayed filings with the SEC, having received an extension from the NYSE to maintain its listing compliance through December 17, 2025.
Skillz to Announce Third Quarter Results for 2025 on Thursday, November 6, Followed by Conference Call and Webcast
Upcoming Financial Results: Skillz Inc. will release its third quarter financial results for 2025 on November 6, 2025, before the market opens, followed by a conference call at 8:30 a.m. ET.
Public Participation: The conference call and webcast are open to the public, with options for audio-only listening and participation through registration for questions.
Company Overview: Skillz is a leading mobile games platform that promotes competition among players and helps developers create successful gaming franchises through its patented technology.
Recognition and Achievements: Skillz has received multiple accolades, including being listed among Fast Company's Best Workplaces for Innovators and CNBC's Disruptor 50, highlighting its rapid growth and innovation in the gaming industry.
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Skillz Inc.- SKLZ
Investigation into Skillz Inc.: Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Skillz Inc. and its executives, urging affected investors to reach out for assistance.
Impact of Tether's Termination: Skillz's stock price dropped significantly after Tether Studios announced the termination of their agreements, leading Skillz to file a lawsuit to contest the termination and the reasons provided by Tether.
INVESTOR NOTICE: Pomerantz Law Firm Probes Allegations for Skillz Inc. Investors – SKLZ
Investigation of Skillz Inc.: Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Skillz Inc. and its executives, urging affected investors to reach out for assistance.
Termination of Agreements with Tether: Skillz's stock price dropped significantly after the company disclosed that Tether Studios planned to terminate their agreements, which involved licensing software for monetizing games, leading Skillz to file a lawsuit against Tether.
Skillz (SKLZ) Receives Upgrade: Reasons for the Purchase Decision
Skillz Inc. Upgrade: Skillz Inc. (SKLZ) has been upgraded to a Zacks Rank #2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price.
Earnings Estimates Impact: The Zacks rating system, which correlates earnings estimate revisions with stock price movements, suggests that Skillz's improved earnings outlook could lead to higher stock performance in the near term.
Skillz Acquires Beamable Assets to Enhance Platform Capabilities
- Acquisition of Beamable Assets: Skillz has acquired certain assets of Beamable, a modern game backend and LiveOps platform, which enhances the capabilities available to developers within the Skillz ecosystem and advances its long-term platform strategy.
- Integration Advantages: By integrating Beamable's backend services and LiveOps tools, Skillz can provide developers with more powerful features that help them build, operate, and monetize games more effectively, thereby accelerating time-to-market.
- Enhanced Developer Support: The integration of new technologies will enable developers to access advanced backend and LiveOps services, reduce reliance on third-party backend providers, and support both real-money and non-real-money experiences, improving development efficiency.
- Future Development Plans: Skillz plans to unveil details of SDK enhancements ahead of the 2026 GDC, ensuring close collaboration with developers for a smooth transition and integration of Beamable's services, driving ongoing platform innovation.
Skillz Reports Initial Results for Third Quarter 2025
Financial Performance: Skillz Inc. reported third-quarter revenue of $27.4 million, a gross profit of $24.0 million, and a net loss of $17.4 million, showing improvements in adjusted EBITDA loss compared to the previous year.
User Engagement Growth: The company experienced a 28% year-over-year increase in paying monthly active users (PMAUs), reaching 155,000, alongside a 9% sequential revenue growth.
Cash Position: As of September 30, 2025, Skillz had $213 million in cash and restricted cash, positioning the company well for future investments and strategic initiatives.
Regulatory Compliance: Skillz is working to complete its financial statements and address delayed filings with the SEC, having received an extension from the NYSE to maintain its listing compliance through December 17, 2025.
Skillz to Announce Third Quarter Results for 2025 on Thursday, November 6, Followed by Conference Call and Webcast
Upcoming Financial Results: Skillz Inc. will release its third quarter financial results for 2025 on November 6, 2025, before the market opens, followed by a conference call at 8:30 a.m. ET.
Public Participation: The conference call and webcast are open to the public, with options for audio-only listening and participation through registration for questions.
Company Overview: Skillz is a leading mobile games platform that promotes competition among players and helps developers create successful gaming franchises through its patented technology.
Recognition and Achievements: Skillz has received multiple accolades, including being listed among Fast Company's Best Workplaces for Innovators and CNBC's Disruptor 50, highlighting its rapid growth and innovation in the gaming industry.
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Skillz Inc.- SKLZ
Investigation into Skillz Inc.: Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Skillz Inc. and its executives, urging affected investors to reach out for assistance.
Impact of Tether's Termination: Skillz's stock price dropped significantly after Tether Studios announced the termination of their agreements, leading Skillz to file a lawsuit to contest the termination and the reasons provided by Tether.
INVESTOR NOTICE: Pomerantz Law Firm Probes Allegations for Skillz Inc. Investors – SKLZ
Investigation of Skillz Inc.: Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Skillz Inc. and its executives, urging affected investors to reach out for assistance.
Termination of Agreements with Tether: Skillz's stock price dropped significantly after the company disclosed that Tether Studios planned to terminate their agreements, which involved licensing software for monetizing games, leading Skillz to file a lawsuit against Tether.
Skillz (SKLZ) Receives Upgrade: Reasons for the Purchase Decision
Skillz Inc. Upgrade: Skillz Inc. (SKLZ) has been upgraded to a Zacks Rank #2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price.
Earnings Estimates Impact: The Zacks rating system, which correlates earnings estimate revisions with stock price movements, suggests that Skillz's improved earnings outlook could lead to higher stock performance in the near term.
