Skillz, a mobile games platform, reported first quarter 2026 revenue of $29.1 million with a net loss of $10.9 million and adjusted EBITDA loss of $12.8 million. The company had 128,000 paying monthly active users with average revenue per user of $76. In April, a federal jury found competitor Papaya Gaming liable for false advertising, awarding Skillz $420 million in actual damages under the Lanham Act, with potential total awards ranging up to $1.2 billion. The court has ordered settlement discussions, with a final ruling expected in June. Excluding litigation expenses, adjusted EBITDA improved 15% quarter-over-quarter. Skillz ended the quarter with $185 million in cash and continues evaluating strategic alternatives whilst working towards sustained profitability.

Skillz, a mobile games platform, reported Q4 2025 revenue of $30.0 million and full-year revenue of $104.5 million, with the company delivering four consecutive quarters of sequential revenue growth. The company posted a net loss of $17.9 million for Q4 and $70.4 million for the full year. Adjusted EBITDA loss narrowed 16% year-over-year to $50.5 million for 2025. The company reported 141,000 paying monthly active users in Q4 with average revenue per user of $71.1. Skillz ended the year with $194.5 million in cash and cash equivalents and $129.7 million in outstanding debt. CEO Andrew Paradise highlighted the performance of RZR, the company's AI ad-tech segment, which achieved positive adjusted EBITDA for the full year.

Skillz (NYSE: SKLZ) extends CFO tenure with up to $600,000 in incentives. Filing Impact (Moderate) Filing Sentiment Rhea-AI Filing summary. Skillz Inc. has extended the transition period for its Chief Financial Officer. The company and CFO Gaetano Franceschi amended their existing side letter so that his employment will now end on the earlier of October 1, 2026 or a mutually agreed date following the appointment of a permanent successor. Franceschi will continue serving as CFO during this transition and will receive compensation consistent with the prior side letter. He will also be eligible for an additional $300,000 if he remains with the company through October 1, 2026, plus a discretionary bonus of up to $300,000 tied to his performance, the company's performance, and the success of the CFO transition. The underlying transition and separation agreement otherwise remains unchanged, and Skillz continues its search for a permanent CFO. Insights. Skillz extends CFO transition for continuity with added incentives. Skillz Inc. is keeping CFO Gaetano Franceschi in place longer while it searches for a permanent successor. The amended arrangement extends his potential departure to the earlier of October 1, 2026 or a mutually agreed post-transition date. The company is offering an extra $300,000 for continued service through October 1, 2026, plus a discretionary bonus of up to $300,000 based on performance and transition success. This structure encourages an orderly handover without altering the original separation terms. For investors, the key factor is leadership stability in the finance function during the ongoing search. Subsequent disclosures naming the permanent Chief Financial Officer will provide more clarity on the long-term financial leadership profile. 03/23/2026 - 05:06 PM Faq. What did Skillz Inc. (SKLZ) announce about its CFO transition? Skillz Inc. extended CFO Gaetano Franceschi's transition period, keeping him in role until the earlier of October 1, 2026 or a mutually agreed date following appointment of a permanent successor. The core transition and separation terms otherwise remain unchanged under the existing agreements. When will Skillz CFO Gaetano Franceschi leave the company? Gaetano Franceschi is now scheduled to leave Skillz on the earlier of October 1, 2026 or a mutually agreed date after a permanent Chief Financial Officer is appointed. At that time, he will separate from employment under the existing transition and separation framework. What additional compensation can the Skillz CFO receive under the amended side letter? Under the amended side letter, the Skillz CFO may receive an additional $300,000 if he continues service through October 1, 2026. He is also eligible for a discretionary bonus of up to $300,000 based on his performance, company performance, and the success of the CFO transition. Do the original Skillz CFO transition and separation terms change with this amendment? The amendment primarily extends the potential departure date and adds incentive opportunities. The underlying Transition and Separation Agreement and the existing Side Letter remain otherwise unchanged, preserving the previously agreed structure for Gaetano Franceschi's separation from Skillz Inc. Is Skillz Inc. still searching for a new Chief Financial Officer? Yes, Skillz Inc. continues to conduct a search for a permanent Chief Financial Officer. The company plans to announce a successor when the ongoing search concludes, while the current CFO remains in place to provide continuity during the transition period. What performance factors affect the discretionary bonus for the Skillz CFO? The discretionary bonus of up to $300,000 depends on Gaetano Franceschi's individual performance, Skillz Inc.'s overall performance, and the success of the transition to a permanent Chief Financial Officer. These criteria link additional compensation directly to effective leadership and a smooth handover. Filing exhibits & attachments. 3 documents