FIRY · Firy Inc. · Investor Relations

Fully realized cash exit from a 2021 vintage where the average U.S. venture fund has returned five cents on the dollar Firy Inc. (NYSE: FIRY) ("FIRY" or the "Company") today announced that it completed the sale of its entire equity stake in Exit Games, representing approximately 10.5% of Exit Games' outstanding share capital, back to Exit Games for total cash consideration of $55 million. The transaction closed on Friday, October 2, 2026, and FIRY received the proceeds in full. "Exit Games' management has built a great business around Photon, and we are rooting for them," said Andrew Paradise , CEO and Founder of FIRY. "We invested in Exit Games in 2021, at what turned out to be the height of the venture market over the last decade. Five years later, the average 2021-vintage fund has distributed five cents on the dollar, and most of that vintage is still sitting in illiquid marks. We are exiting in cash and above our purchase price. Cash back on the balance sheet gives FIRY

Lasry brings to the FIRY Board three decades of capital markets experience and understanding of the company he also backed as a startup Firy Inc. (NYSE: FIRY), the global holding company built to fuel business potential and formerly known as Skillz Inc., today announced the appointment of Marc Lasry to its Board of Directors as an independent director, effective Oct. 1, 2026. “Marc first backed Skillz in 2015, and he has since stayed close to the Company’s development,” said Andrew Paradise , CEO and Founder of FIRY. “He has proven himself to be adept at identifying and cultivating value as an investor across three decades of market and economic cycles. As we execute our strategy and build FIRY to drive value for shareholders, Marc will be a strong, experienced contributor to our Board of Directors.” Lasry is the Co-Founder, Chairman, and Chief Executive Officer of Avenue Capital Group, a global investment firm with approximately $9.2 billion in assets under management focused

Skillz Continues to Challenge in the United States Any Recognition of the Israeli Proceeding on Numerous Grounds Firy Inc. (NYSE: FIRY) (“FIRY”) today provided an update on proceedings that were initiated by Papaya Gaming Ltd. and its U.S. subsidiary (together: "Papaya") pursuant to the Israeli Insolvency Act in the District Court of Tel Aviv-Jaffa, in which FIRY’s wholly owned subsidiary, Skillz Platform Inc. (“Skillz”), is Papaya’s largest creditor. On August 26, 2026, Judge Lushi-Abudi rejected Papaya's motion to convene creditors' meetings in order to vote on its proposed debt settlement and stated that Papaya should strengthen its proposed creditor repayment plan that currently relies only on operating profits, with the risks thereto, without any securities, or equity contribution. Therefore, the court stated that Papaya should improve its proposed debt settlement by adding funding beyond just operating profits. At the hearing that took place on August 25, the Judge mentioned

Firy Inc. (NYSE: FIRY) (“FIRY” or the “Company”), formerly Skillz Inc., today reported unaudited financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Financial Highlights (Unaudited): Revenue of $31.0 million Gross profit of $27.1 million Net loss of $24.5 million Adjusted EBITDA 1 loss of $2.7 million, excluding litigation expense Paying monthly active users (PMAUs) 2 of 117 thousand Average revenue per PMAU (ARPPU) 3 of $59.1 Total operating expenses (which does not include cost of revenue) of $48.6 million "Q2 2026 was, without question, the most consequential period in the Company's recent history," said FIRY CEO Andrew Paradise. "We completed our rebrand to FIRY and advanced the transition from turnaround to growth. Consolidated revenue of $31.0 million rose 6% sequentially and 23% year over year, led by RZR, which passed $10 million in quarterly revenue for the first time and delivered its fourth consecutive profitable quarter. In July, the court

Firy Inc. (NYSE: FIRY) (“FIRY” or the “Company”) today announced that it expects to release its 2026 second quarter financial results after the market closes on Thursday, August 13, 2026 and host a conference call and webcast on Friday, August 14, 2026 at 9:00 a.m. ET. During the call, FIRY management is expecting to review the Company’s financial results and provide a business update, followed by a question-and-answer session. Both the call and webcast are open to the public. To listen to the audio-only webcast, please use the following link: webcast link . If you would like to participate and ask questions during the call, please register here: registration link . After registering, you will receive an email with dial-in details along with a unique access code required to join the live call. A replay of the webcast will be available through the same webcast link for one year following the date of the call and will also be accessible on the Company’s investor relations website. About

Ruling Increases Skillz's Recovery by Nearly $300 Million, 71% Above the April Jury Award. Court Rejects All of Papaya's Post-Trial Challenges in the Largest False Advertising Case in U.S. History Firy Inc. (NYSE: FIRY) ("FIRY"), formerly Skillz Inc., today announced a post-trial victory over Papaya Gaming: the U.S. District Court for the Southern District of New York issued an order stating that it will enter judgment against Papaya Gaming of $719 million in disgorgement of Papaya’s unjust profits to FIRY’s wholly owned subsidiary, Skillz Platform Inc. (the "Company"), plus an award of certain attorney’s fees and costs, nearly $300 million more than the jury’s April award. The false advertising lawsuit was filed in 2024 against Papaya Gaming for violations of the federal Lanham Act and the New York General Business Law. “We founded this industry and built its biggest and best company on one value above all others: honor,” said Andrew Paradise, CEO and Founder of FIRY. “When growth

Firy Inc. (NYSE: FIRY), formerly Skillz Inc., announced that its Class A common stock has begun trading on the New York Stock Exchange (“NYSE”) under the new ticker symbol “FIRY,” effective at market open today. The change follows the Company’s corporate name change from Skillz Inc. to Firy Inc., effective June 18, 2026. FIRY (pronounced like fury) serves as the corporate parent of three independent, complementary businesses: Skillz, a real-money skill-based mobile gaming platform the Company founded in 2012; RZR, an AI-powered performance marketing platform; and Beamable, a developer backend and LiveOps infrastructure layer. Each of these businesses retains its name and brand identity and operates independently within the FIRY portfolio. The Company detailed the rebrand, new corporate identity, and its portfolio strategy at its Annual Shareholder Meeting on June 18, 2026. The investor presentation and accompanying video are available at investors.firy.com . Existing shareholders are

Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading mobile games platform bringing fair competition to players worldwide, today reported unaudited financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial Highlights (Unaudited): Revenue of $29.1 million Gross profit of $25.5 million Net loss of $10.9 million Adjusted EBITDA 1 loss of $12.8 million Paying monthly active users (PMAUs) 2 of 128 thousand Average revenue per PMAU (ARPPU) 3 of $76.0 Total operating expenses (which does not include cost of revenue) of $41.8 million "Our plan was to improve our operating businesses and to stop fraud in our core industry. In Q1, we made progress in both," Skillz CEO Andrew Paradise said. "In April, a unanimous federal jury in the Southern District of New York found Papaya Gaming liable for false advertising and awarded Skillz $420 million in actual damages, the largest such verdict in U.S. history under the Lanham Act, with a total potential award

Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading competitive mobile gaming platform bringing fair and fun competition to players worldwide, today announced that it will release its 2026 first quarter financial results after the market closes on Friday, May 15, 2026 and host a conference call and webcast on Tuesday, May 19, 2026 at 4:30 p.m. ET. During the call, Skillz management will review the Company’s financial results and provide a business update, followed by a question-and-answer session. Both the call and webcast are open to the public. To listen to the audio-only webcast, please use the following link: webcast link . If you would like to participate and ask questions during the call, please register here: registration link . After registering, you will receive an email with dial-in details along with a unique access code and PIN required to join the live call. A replay of the webcast will be archived on the Company’s investor relations website. An audio replay

Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading mobile games platform bringing fair and fun competition to players worldwide, today provided the following statement: “We’re pleased with the jury’s verdict and appreciate the careful consideration of the facts. We remain committed to fair competition and to providing a trusted, transparent experience for players and developers.” About Skillz Inc. Skillz (NYSE: SKLZ) is a leading mobile games platform dedicated to bringing out the best in everyone through competition. The Skillz platform helps developers create multi-million-dollar franchises by enabling social competition in their games. Leveraging its patented technology, Skillz hosts billions of tournaments for millions of mobile players worldwide, with the goal of building the home of competition for all. Skillz has been recognized by Fast Company’s Best Workplaces for Innovators, CNBC’s Disruptor 50, Forbes’ Next Billion-Dollar Startups, Fast Company’s Most

Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading mobile games platform bringing fair competition to players worldwide, today reported financial results for the fourth quarter and fiscal year ended December 31, 2025. Fourth Quarter 2025 Financial Highlights: Revenue of $30.0 million Gross profit of $26.5 million Net loss of $17.9 million Adjusted EBITDA 1 loss of $10.0 million Paying monthly active users (PMAUs) 2 of 141 thousand Average revenue per PMAU (ARPPU) 3 of $71.1 Total operating expenses (which does not include cost of revenue) of $42.7 million Full Year 2025 Financial Highlights: Revenue of $104.5 million Gross profit of $91.4 million Net loss of $70.4 million Adjusted EBITDA 1 loss of $50.5 million Paying monthly active users (PMAUs) 2 of 141 thousand Average revenue per PMAU (ARPPU) 3 of $61.7 Total operating expenses (which does not include cost of revenue) of $162.9 million Cash and cash equivalents of $194.5 million as of December 31, 2025 Total

Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”), the leading competitive mobile gaming platform bringing fair and fun competition to players worldwide, today announced that it will release its 2025 fourth quarter financial results after the market closes on Tuesday, March 31, 2026 and host a conference call and webcast on Wednesday, April 1, 2026 at 5:00 p.m. ET. During the call, Skillz management will review the Company’s financial results and provide a business update, followed by a question-and-answer session. Both the call and webcast are open to the public. To listen to the audio-only webcast, please use the following link: Webcast Link . If you would like to participate and ask questions during the call, please register here: Registration Link . After registering, you will receive an email with dial-in details along with a unique access code and PIN required to join the live call. A replay of the webcast will be archived on the Company’s investor relations website. An audio

Skillz (NYSE: SKLZ), the leading mobile games platform bringing fair and fun competition to players worldwide, today announced the upcoming debut of Skillz Pro SDK , the next evolution of its SDK designed to increase flexibility, expand creative possibilities, and potentially unlock new monetization opportunities for game studios. Pro SDK will be formally unveiled during a live session at next week’s Game Developers Conference (GDC) in San Francisco. Pro SDK builds on the foundation of the Skillz platform, which powers real-money gameplay through head-to-head matchups, live events, and leaderboards engaging millions of players globally. With Pro SDK, the competitive experience lives directly within the game environment. Developers can design custom lobbies, tournament flows, match interfaces, and progression systems with more creative control, while Skillz manages the underlying platform infrastructure. “Pro SDK gives developers greater creative freedom while allowing them to harness

Integration Brings Backend, LiveOps, and Meta-Game Systems Together Across the Skillz Ecosystem Skillz (NYSE: SKLZ), the leading mobile games platform bringing fair and fun competition to players worldwide, today announced that it has acquired certain assets of Beamable , a modern game backend and LiveOps platform purpose-built for scalable, live-service games. The acquisition represents a step forward in Skillz’s long-term platform strategy, expanding the capabilities available to developers building on the Skillz ecosystem. By integrating Beamable’s backend services, microservices architecture, and LiveOps tooling into the Skillz platform, Skillz is advancing its vision of a unified offering that helps teams build, operate, and monetize games more effectively while reducing technical complexity and accelerating time-to-market. “Skillz has always been focused on empowering developers to build successful, competitive games at scale,” said Andrew Paradise , CEO and founder of Skillz.