Sumary of Skillz Boasts Competitive Advantage on 2 Fronts:
- Skillz (NYSE:SKLZ) is a unique online multiplayer gaming platform that facilitates users placing wagers in a number of mobile games.
- Not offering games of chance itself means it skips many of the regulatory hurdles facing industries like online sportsbooks and daily fantasy sports.
- The company boosted its spending on user acquisition from $16.3 million in its fiscal fourth quarter of 2019 to $40.5 million in Q4 2020. The thinking is that once players know about or experience the platform, they’ll enjoy it enough to make the investment pay off.
- Given that it could continue sustainably gaining share in a growing industry, Skillz could be poised for several years of growth.