The gaming company has taken huge steps to cut costs.
The sales and marketing budget was a stubborn area of spending for Skillz (SKLZ 0.96%) management. In its most recent quarter, Skillz finally slashed the S&M budget. That could be one reason why Wall Street is bullish on Skillz stock.
*Stock prices used were the afternoon prices of April 23, 2023. The video was published on April 25, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Skillz. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
