The Skillz mobile competition platform continues the rapid growth that began last year. Over the past 9 months, the revenue of the service has doubled and reached $ 200 million.
According to the company, the driver of profitability was an increase in the number of tournaments and the duration of gaming sessions. Today, 1 million tournaments are held on Skillz, and the average game session on Skillz lasts about 63 minutes.
What is Skillz
Recall that Skillz turns any mobile game for iOS and Android into a competition where you can measure your gaming skills with friends or strangers.
Skillz allows you to play for money, prizes or points, as well as hold tournaments among its users.
According to the company, the audience of the service is 15 million people who play titles from more than 8 thousand game studios.
History of development
The company started its work in 2012. For the first 4 years, the business did not develop so dynamically, and by the end of 2016, Skillz’s revenues amounted to $ 54 million.
In 2017, the company received a powerful boost — the audience of the platform increased by 32%, and Skillz’s revenues doubled for the first time from $50 to $100 million in just 8 months.
In addition, in December last year, the company attracted $25 million in investments.
The American business magazine Inc Magazine named the startup the fastest growing company in the USA in 2017.
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