Skillz Inc (NYSE:SKLZ) is trading lower Thursday morning after the company reported worse-than-expected fourth-quarter revenue results and issued guidance below estimates.
Skillz said revenue increased 61% year-over-year to $108.8 million, which came in below the estimate of $113.95 million. The company reported a net loss of $99 million, which was worse than the $67 million loss Skillz reported in the fourth quarter of 2020.
