Skillz reported a solid Q3 2025, with GAAP revenue of $27 million reflecting a 9% quarter-over-quarter growth and a continued focus on profitability amidst operational improvements.
- GAAP revenue grew 9% quarter-over-quarter and 11% year-over-year, bolstered by the stability of the competition platform and Aarki's momentum.
- Adjusted EBITDA loss narrowed to $12 million, representing a 3% decrease quarter-over-quarter and a 15% improvement year-over-year.
- Paying Monthly Active Users (MAU) increased by 6% quarter-over-quarter and 28% year-over-year, driven by improved payor conversion rates and monetization strategies.
- The launch of the new title, Solitaire Skillz, via the Developer Accelerator Program marks a significant milestone, with potential for enhanced player engagement and developer collaboration.
- Aarki's ad tech business saw revenue growth exceeding 100% year-over-year, indicating successful AI-driven product initiatives and expanding market reach.
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