Mobile Esports Firm Doubles Revenue in Just 10 Months
- Skillz turns games for tablets, phones into for-money contests
- Investors include Liberty Global, Telstra, pro sports owners
hotographer: Kiyoshi Ota/Bloomberg
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In the world of competitive video gaming, playing on phones and tablets has traditionally been an afterthought. That’s rapidly changing: Last year, the leader in mobile esports hosted 300 million tournaments -- some with more than 10,000 players -- and awarded more than $100 million in prize money.
Andrew Paradise, co-founder and chief executive of Skillz, says the company has doubled its monthly revenue to $16 million since last May, and he doesn’t see growth slowing any time soon. “When we started out, there was definitely some ridicule in the esports community about mobile esports,” he said. “The industry is shifting.”