Skillz Reports Record Q1 Revenue and Raises 2021 Guidance
SAN FRANCISCO–(BUSINESS WIRE)–Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading mobile games platform bringing fair competition to players worldwide, today announced financial results for the first quarter ended March 31, 2021.
“We are proud to report record-breaking first quarter results, giving us 21 consecutive quarters of revenue growth,” said Andrew Paradise, CEO and founder of Skillz. “Our performance and strong growth trajectory gave us the confidence to increase investment in Q1 and raise full year revenue guidance to $375 million.”
First Quarter Financial Highlights
- Revenue grew to $83.7 million during the first quarter of 2021, up 92% over the prior year.
- Gross profit grew to…