Skillz Investor Presentation Deck

skillz LTV (GPAEM basis) BUILDING ON LONG-LIVED USER COHORTS 500% 400% 300% 200% 100% 0% Q1 -Q1 2018 Q2 Q3 Q2 2018 Q2 2020 Q5 Q6 Q7 Q8 Q9 - Q1 2019 Q1 2021 Q4 -Q3 2018 Q3 2020 -Q4 2018 Q4 2020 Q10 - Q2 2019 Q2 2021 Q11 Q12 -Q3 2019 Q3 2021 Q13 Q14 Q15 Q16 Q4 2019 Q1 2020 Q4 2021 — Note: LTV (lifetime value) calculated based on cumulative gross profit after engagement marketing. LTV shown on a per paying user basis. LTV performance is indexed to the first quarter that the cohorts are acquired. 29

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