May 5, 2021

CORRECTING and REPLACING Skillz Reports Record Q1 Revenue and Raises 2021 Guidance

SAN FRANCISCO–(BUSINESS WIRE)–Fifth bullet under First Quarter Financial Highlights should read: Adjusted EBITDA was $(31.1) million during the first quarter of 2021, compared with $(14.6) million in the prior year (instead of Adjusted EBITDA was $31.1 million during the first quarter of 2021, compared with $14.6 million in the prior year). The updated release reads: SKILLZ REPORTS RECORD Q1 REVENUE AND RAISES 2021 GUIDANCE – First Quarter Revenue Hits $84 Million, Up 92% Year-over-Year – Pay


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