Skillz
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 230m | 384m | 270m | 152m | 105m | 113m | 116m |
% growth | 92 % | 67 % | (30 %) | (44 %) | (31 %) | 7 % | 3 % |
EBITDA | (119m) | (276m) | (235m) | (108m) | (51.9m) | (24.0m) | (18.6m) |
% EBITDA margin | (52 %) | (72 %) | (87 %) | (71 %) | (49 %) | (21 %) | (16 %) |
Profit | (122m) | (181m) | (439m) | (101m) | (41.8m) | (68.1m) | (61.0m) |
% profit margin | (53 %) | (47 %) | (163 %) | (67 %) | (40 %) | (60 %) | (53 %) |
EV / revenue | 31.0x | 7.9x | 0.8x | 0.9x | 1.0x | 0.9x | 0.9x |
EV / EBITDA | -59.7x | -11.0x | -0.9x | -1.2x | -2.0x | -4.3x | -5.5x |
R&D budget | 23.2m | 46.0m | 52.3m | 28.1m | - | - | - |
R&D % of revenue | 10 % | 12 % | 19 % | 19 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$1.3m | Seed | ||
$8.7m | Series A | ||
$3.0m | Series A | ||
$6.0m | Series B | ||
$15.0m | Series B | ||
$25.0m | Series C | ||
N/A | $23.2m | Series D | |
N/A | $31.0m | Debt | |
N/A | Series E | ||
N/A | N/A | Series E | |
N/A | N/A | IPO | |
Total Funding | $82.2m |
Recent News about Skillz
EditSkillz Inc. is a dynamic startup operating in the competitive mobile gaming and eSports market. The company provides a platform that allows users to play a variety of skill-based games and compete for cash prizes. Skillz serves a diverse clientele, ranging from casual gamers to serious eSports enthusiasts who are looking to monetize their gaming skills.
Skillz operates primarily in the mobile gaming sector, which is a rapidly growing market driven by the increasing adoption of smartphones and the rising popularity of mobile games. The company's platform hosts a wide array of games, including card games like Solitaire and Skip Bo, puzzle games like 2048 and Bubble Shooter, and action games like Frayhem and Spacero Clash. This variety ensures that there is something for every type of gamer.
The business model of Skillz is built around the concept of competitive gaming. Players can download the Skillz app and participate in tournaments or head-to-head matches. The company makes money by taking a percentage of the entry fees for these competitions. Additionally, Skillz offers in-app purchases and advertisements, further diversifying its revenue streams.
Skillz also collaborates with game developers, providing them with tools and support to integrate their games into the Skillz platform. This partnership not only expands the company's game library but also helps developers monetize their creations through the competitive gaming model.
In summary, Skillz Inc. is revolutionizing the mobile gaming industry by combining the thrill of competition with the opportunity to win real money. Its diverse game offerings and innovative business model position it well for continued growth in the booming mobile gaming market.
Keywords: mobile gaming, eSports, cash prizes, competitive gaming, Skillz app, game developers, tournaments, in-app purchases, advertisements, diverse games.