Entering text into the input field will update the search result below

Skillz Inc.'s (SKLZ) CEO Andrew Paradise on Q2 2021 Results - Earnings Call Transcript

Aug. 03, 2021 11:48 PM ETSkillz Inc. (SKLZ)14 Comments
SA Transcripts profile picture
SA Transcripts

Skillz Inc. (NYSE:SKLZ) Q2 2021 Earnings Conference Call August 3, 2021 5:30 PM ET

Company Participants

Stefan Gerhard - VP, Finance

Andrew Paradise - Co-Founder, CEO, President & Chairman

Casey Chafkin - Co-Founder, Chief Revenue Officer, Treasurer, Secretary & Director

Ian Lee - CFO

Conference Call Participants

Michael Graham - Canaccord Genuity

Brian Fitzgerald - Wells Fargo Securities

Bradley Erickson - RBC Capital Markets

Jason Bazinet - Citigroup

Andrew Crum - Stifel, Nicolaus & Company

Andrew Uerkwitz - Jefferies


We are now live. Stephan, please go ahead.

Stefan Gerhard

Good day, and welcome to the Skillz Second Quarter 2021 Earnings Conference Call. I will proceed shortly by reading our forward-looking statements and non-GAAP measures immediately followed by question-and-answer session. Hosting the question-and-answer session today, we have Andrew Paradise, Chief Executive Officer; Casey Chafkin, Chief Revenue Officer; and Ian Lee, Chief Financial Officer of the company.

We hope you had a chance to read our press release and stockholder letter that we published earlier today, both of which are also available on our Investor Relations website. We have also posted to our website a short video of our CEO discussing our business highlights for this quarter.

Some of management’s comments today will include forward-looking statements within the meaning of the Federal Securities Laws. Forward-looking statements, which are usually identified by the use of words such as will, expect, should and other such similar phrases are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. Therefore, you should exercise caution in interpreting and relying on them. We refer you to the SEC’s – company's SEC filings for a more detailed discussion of the risks that could impact future operating results and financial condition.

During the call, management will discuss non-GAAP measures, which we believe

Recommended For You

Comments (14)

I would have appreciated some updates on the upcoming launch in india. Management used to say "later this year". Ok but when? October? December?

Yhey may have said something more specific but they didn't even mention the India launch so I wonder is everything all right?

Does anyone have any information to share?

magichr profile picture
Paradise said exit games is the start of the building block of bringing games like call of duty, halo to the platform. And he wants a fighting game like street fighter 2. Once these kind of games come to skillz tournaments the growth is going to sky rocket. And you will see these games and tournaments on twitch. This is much bigger then nfl partnership. I guess people don't understand esports cause this ecosystem is going to be on steroids. The funny thing is the nfl partnership made this stock go up and it wont have impact for awhile. NFL games wont be out until 2022 season. So the nfl coming up this year is not going to impact this stock like some investors thought it would. Not until the following season. But they are excited about the games that were created for their platform.
@magichr these promises obviously aren't priced in its price today. public market investors are the "show me the money" type. If bringing in COD to mobile would cost SKLZ shareholders a few hundreds millions, another company (Apple, ATVI) can do it. Paradise's been a terrible public company CEO so far making these empty promises while executing nothing but a few vestigial acquisitions. I'd anticipate SKLZ to drop further to 8, or 9 in the coming months. Because last quarter was horrendous
we listening now to a bunch of delusional. Euh, analyst are not stupid spend that much money and the conversion is trash.
magichr profile picture
@Gudako what delusional? That was a great conference call of what they are doing to this ecosystem. They have no debt an a ton of cash that is going to last them for probably the next 7 years to spend on growing this ecosystem.

Here is some real facts with real numbers and no smoke mirrors. They have over 30m customers and over 30k developers with 5 million daily tournaments and over 100 million in prizes with partnerships now to grow like wild fire. Thats pretty insane. Short term they are losing money and quarter to quarter there will be volatility, but long term man the sky is the limit. Under 5b market cap this is dirt cheap. The only thing that could destroy this company is if a big player decides to step in this space and from what i seen people don't want to compete with them they want to be apart of this ecosystem.
Lot of fluff without any real answers
Long SKLZ, and it seems the team is blowing a lot of smoke here.....
@JackCr doesn’t bode well for longer term
magichr profile picture
@JackCr I don't see any smoke. The exit games partnership is HUGE. THere is over 500k developers that uses exit games. YOu guys have no clue the fps games that are going to be on their platform now that are played on twitch every day with millions of people watching. Skillz is going to boom from that partnership.
magichr profile picture
@Concernedabout You guys are full of nonsense. That quarter was amazing news. I don't think any of you play esports so u don't understand what andrew is doing. I do play and i completely understand how genius this guy is now. I am definitely going to pyramid into this stock rest of the year on dips until its top 10 in my portfolio. GL shorting a genius with innovation in a booming esports sector.
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!

About SKLZ

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on SKLZ

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.