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Skillz doubles revenue run-rate up to $200m in nine months

Revenue run-rate up by 125% as mobile esports platform hosts over one million tournaments per day

Mobile esports platform Skillz has more than doubled its revenue run-rate to $200 milion in nine months.

The company, which was named the fasted growing in America by Inc. Magazine in August last year, grew by over 125% from the first quarter of 2017 to the first quarter of 2018.

"We invented mobile esports in 2012 at a time when the term esports was virtually unknown even in the PC world," said Andrew Paradise, CEO and founder of Skillz. "Today, esports are a multi-billion dollar industry and mobile is the tip of the spear."

Backed by sports giants the New England Patriots, Milwaukee Bucks, New York Mets, and Sacramento Kings, Skillz recently secured a $25 million funding round led by telecommunications companies Telstra and Liberty Global.

Skillz currently hosts over one million tournaments a day, with the average player spending 63 minutes per day on the platform, which is 50% more time than leading platforms such as YouTube, Facebook, and Snapchat.

The success of mobile esports has not escaped the attention of tech giants either, with both Amazon and Microsoft making moves into the space.

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Ivy Taylor

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Ivy joined GamesIndustry.biz in 2017 having previously worked as a regional journalist, and a political campaigns manager before that. They are also one of the UK's foremost Sonic the Hedgehog apologists.