SKLZ News & Events

Shares of Skillz are up $14.22, or 390%, to $17.87 after it was reported that Papaya Gaming Ltd. was found liable for false advertising and ordered by a federal court jury to pay $420M in damages to its mobile gaming rival.

Papaya Gaming Ltd. was found liable for false advertising and ordered by a Manhattan federal court jury to pay $420m in damages to its mobile gaming rival Skillz Platform, reported Bloomberg Law. The jury also said Skillz is entitled to $652M in disgorgement, which the judge said she plans to issue a decision on in early June, according to the report.

Reports Q4 revenue $30.01M vs. $17.77M last year. "Throughout 2025, we made meaningful progress executing against our strategic priorities, delivering four consecutive quarters of sequential revenue growth and returning to year-over-year growth in the second half of the year," said Andrew Paradise, Skillz' CEO. "Our AI ad-tech segment, RZR, recently rebranded from Aarki, delivered significant growth and achieved positive Adjusted EBITDA for the full year, reflecting the strength of its platform and operating discipline. Paired with continued improvement across the Skillz platform, we are building a more integrated system designed to scale engagement, monetization, and long-term value."