Financial results are a critical indicator of a company's performance. When a company like Skillz reports financial results that are below market expectations, it typically results in a negative short-term impact on its stock price. Investors and analysts closely watch these reports to adjust their expectations and investment decisions accordingly. The worse-than-expected Q1 financial results for Skillz suggest underperformance, which can lead to decreased investor confidence and sell-off of shares, thus driving the price down in the short term.