Skillz Inc. (NYSE:SKLZ) Q4 2022 Earnings Conference Call March 30, 2023 4:30 PM ET
Company Participants
Andrew Paradise - CEO
Jason Roswig - President
Casey Chafkin - CRO
Alvin Lobo - CFO
Conference Call Participants
Jason Tilchen - Canaccord Genuity
Operator
Good afternoon. Thank you for attending today's Skillz Fourth Quarter 2022 Earnings Call. My name is Francis, and I'll be your moderator today. [Operator Instructions]
I would now like to pass the conference over to our host, Taylor Giles.
Unidentified Company Representative
Good afternoon, and welcome to the Skillz fourth quarter and fiscal year 2022 earnings conference call. With me today are Andrew Paradise, Skillz' CEO; Casey Chafkin, CRO; Jason Roswig, President; and Alvin Lobo, CFO. Note, our full financial results were published earlier today and are available on our Investor Relations website.
Before I turn the call over to Andrew, please note that some of management's comments today will include forward-looking statements within the meaning of the federal securities laws. Forward-looking statements, which are usually identified by the use of words such as will, expect, should, or other similar phrases, are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect. Therefore, you should exercise caution in interpreting and relying on them. We refer you to the company's SEC filings for a more detailed discussion of the risks that could impact future operating results and financial condition.
During the call, management will discuss non-GAAP figures, which we believe can be useful in evaluating the company's operating performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP. The reconciliation of these measures to the most directly comparable GAAP measures is available in our fourth quarter and fiscal year 2022 earnings release.
With that, I'll turn the call over to Andrew for some brief opening remarks before opening for questions. Andrew?
Andrew Paradise
Good afternoon, and thank you for joining. Let me turn now to giving you an update on the four pillars we laid out last quarter to return Skillz to growth and, in 2024, to profitability. Our first pillar is enhancing our platform to improve customer and developer engagement and retention. We're focused on the core strengths that helped us grow the platform since Skillz first begin.
In the fourth quarter, we made solid progress on our product initiatives, including the following features for consumers and developers. For consumers, first, we added features designed to reduce player friction and increase deposits. Second, we released a new SDK to drive additional UA efficiency. And third, we released features for paying players to reduce player friction and generate an increase in ARPPU or average revenue per paying user.