Skillz doubles revenue run-rate once more to $400 million
5,000 new developer partners fuel growth over five-month period
Mobile esports platform Skillz has once again more than doubled its revenue run-rate, though it has taken significantly less time to do so this time around.
The company doubled its revenue run-rate to $200m over nine months to the end of the first quarter of 2018. Now, Skillz has announced it's doubled that number again to $400m in the last five months.
Skillz attributes that growth to new partnerships with 5,000 developers. With them included, Skillz now runs esports competitions for 13,000 mobile studios for over 18 million players across over 800 million tournaments. The company has awarded over $100 million in prizes in the last five months.
"The Skillz platform capitalizes on the phenomenal growth of eSports," said CEO Andrew Paradise. "We are the first company to democratize eSports for players and game developers, and the first company to do it at scale."