Sales and Marketing Spending Exceeds Revenue for Skillz (Again)
Skillz (NYSE: SKLZ) reported first-quarter 2022 financial results after the markets closed on Wednesday, May 4. The mobile-gaming company invested aggressively in sales and marketing, leading to massive losses on the bottom line.
Shareholders know too well that this is a recurring theme from Skillz. The skills-based, video-game maker has been operating under this strategy -- but with limited success -- for several quarters. Management noted it would decrease marketing investments to a limited degree in 2022. Let's look closer at Skillz's Q1 2022 earnings.
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Source Fool.com
