Skillz Investor Presentation Deck

SCENARIO: BOTH USERS PAY REAL CASH FOR $1.00 PRIZE • Winner receives $1.00 of real cash Skillz receives $0.19 Developer receives $0.01 Contest Entry Real Cash Bonus Cash Total Contest Results Real Cash Bonus Cash Total skillz Player 1 (Loss) $0.60 $0.00 $0.60 $0.00 $0.00 $0.00 Player 2 (Win) $0.60 $0.00 $0.60 $1.00 $0.00 $1.00 Illustrative P&L Impact GMV Prizes End-User Incentives Dev. Profit Share Revenue $1.20 ($1.00) $0.00 ($0.01) $0.19 Illustrative Adj. EBITDA $0.19 Note: For illustrative purposes, assumes system-wide average developer profit share of 1% GMV and zero marginal tournament cost. User contest entry fees are 90% real cash and 10% bonus cash, unless the user does not have real cash in their account. 42

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