SKLZ is trading 10.8% up at $6.85 following its Q1 2026 earnings update and a strategic pivot toward high-value users.
- Revenue grew 33% year-over-year to $29.1 million, driven by higher monetization per paying user despite a decline in the total user base.
- Management highlighted a potential legal windfall and a shift in focus toward premium users, which investors are reassessing positively following the May 15 release.