Skillz shares rise 23.16% intraday after acquiring Beamable to expand developer tools and platform capabilities.

Skillz surged 23.16% intraday trading after announcing the acquisition of Beamable's assets to integrate backend, LiveOps, and meta-game systems into its mobile gaming platform. The move aims to provide developers with a unified ecosystem for building, operating, and monetizing games, reducing reliance on external infrastructure. By combining Beamable’s identity management, analytics, and LiveOps tools with Skillz’s existing competition and payment systems, the company enhances its value proposition for developers. CEO Andrew Paradise highlighted the addition of AI-native tools and improved player engagement capabilities, positioning Skillz to streamline game development and scale monetization. The acquisition aligns with the stock’s intraday rally, reflecting investor optimism over expanded platform capabilities and future growth opportunities in the competitive gaming sector.