Cathie Wood Loads Up on More Skillz Stock After Record Q1 Report
Mobile esports platform Skillz (NYSE: SKLZ) recorded yet another quarter of rising revenue, the 21st consecutive quarter in which revenue jumped year over year. Wood's ARK Invest exchange-traded funds (ETFs) added another 3.1 million shares of Skillz yesterday (Wood's ETFs report their buys and sales daily), giving her nearly 15.6 million shares in total of the competitive-gameplay specialist. Although Skillz saw its revenue rise in the first quarter, it also reported wider losses for the period, with adjusted EBITDA coming in at a loss of $31.1 million, compared to losses of $14.6 million a year ago.
