Snail, Inc. (SNAL) Q2 2025 Earnings Call Transcript
Net Revenue $22.2 million, a year-over-year increase from $21.6 million. The increase was primarily due to an increase in total ARK sales of $3.3 million, $3 million recognized for the inclusion of ARK: Survival Ascended in the platform subscription program, an increase in sales of the ARK Mobile of $600,000 driven by the release of ARK: Ultimate Mobile Edition, and an increase in revenues related to other games of $400,000. These increases were partially offset by an increase in deferred revenue of $3.7 million and a decrease in revenue related to Bellwright of $3 million.
Net Loss Negative $16.6 million compared to net income of $2.3 million in the same period last year. This was primarily due to increases in the cost of revenues and operating expenses, a result of the company's increased headcount, research and development, and marketing expenses, and the recognition of a valuation allowance against the company's deferred tax assets of $12.9 million.
Bookings $27.1 million, an 18.5% year-over-year increase from $22.9 million. The increase was primarily driven by various sale promotions in 2025 that did not occur in 2024, specifically around ARK: Survival Evolved and the release of ARK: Lost Colony to presale in 2025.
EBITDA Negative $2.4 million compared to $3.1 million in the same period last year. The decrease was primarily due to an increase in net loss of $18.9 million, partially offset by an increase in the provision of income taxes of $13.3 million and a decrease in interest income and interest income related parties of $100,000.
Unrestricted Cash and Cash Equivalents $7.9 million as of June 30, 2025.
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Snail Games Launches Echoes of Elysium on Steam Early Access
- Game Launch: Echoes of Elysium officially launched on Steam Early Access for $19.99 with a 10% discount in the first week, marking a significant advancement for Snail Games in the interactive digital entertainment sector.
- Strong User Demand: Since its reveal, the game has surpassed 150,000 wishlists on Steam, indicating robust market demand and strong user interest, laying a solid foundation for future sales.
- Strategic Partnership: The collaboration with Loric Games reflects Snail Games' publishing strategy of supporting experienced development teams, leveraging proven creative leadership, and ensuring projects align closely with market needs.
- Long-term Growth Potential: The game's design foundation supports long-term content expansion, and Snail Games expects to enhance user engagement and diversify revenue streams through ongoing updates and community involvement.
Snail, Inc. to Present at Virtual Equity Conference
- Conference Schedule: Snail, Inc. is set to present at the Noble Capital Markets' Emerging Growth Virtual Equity Conference on February 4, 2026, at 2:30 p.m. Eastern Time, aiming to enhance the company's visibility among investors.
- One-on-One Meetings: In addition to the presentation, Snail, Inc.'s management team will be available for one-on-one meetings throughout the conference, facilitating direct interaction with potential investors to strengthen investor relations and trust.
- Live Webcast: The presentation will be webcast live via Channelchek and available for replay on the company's investor relations website, ensuring that investors unable to attend in real-time can access key information, thereby enhancing transparency.
- Company Background: Snail, Inc. is a leading global independent developer and publisher of interactive digital entertainment, boasting a premium portfolio of games designed for various platforms, which aims to provide high-quality entertainment experiences for consumers worldwide, further solidifying its market position.
Snail, Inc. Launches USDO Stablecoin and New Game Content at Investor Day
- Stablecoin Innovation: Snail introduced its stablecoin named $USDO during the Investor Day event, marking a significant milestone in the company's strategy to integrate secure digital payments, which enhances user experience and strengthens its competitive edge in the digital ecosystem.
- Gaming Culture Collectible: The company unveiled a digital meme collectible called Golden Poop, humorously reflecting gaming culture, aimed at attracting player attention and enhancing brand recognition, thereby driving user engagement and community interaction.
- Content Expansion Plan: Snail showcased a multi-year content roadmap for the ARK franchise, covering multiple new DLCs through 2027, ensuring continuous content support and player interest, further solidifying its leadership position in the interactive entertainment market.
- New Game Teaser: The event featured a teaser trailer for ARK: Lost Colony, confirming its launch on December 18, which is expected to attract significant player interest and drive sales growth, further enhancing the company's market share in the gaming industry.
Snail Inc. Launches USDO Stablecoin and New Game Content at Investor Day
- Stablecoin Innovation: Snail introduced its stablecoin named $USDO during the Investor Day event, marking a significant milestone in the company's strategy to integrate secure digital payments, which is expected to enhance user experience and ecosystem security.
- Gaming Culture Collectible: The company unveiled a digital collectible called Golden Poop, humorously acknowledging gaming culture, which is anticipated to attract more players and enhance brand recognition.
- Content Expansion Plan: Snail showcased a multi-year content roadmap extending to 2027, featuring multiple new DLCs and game expansions, ensuring ongoing support for the ARK franchise and maintaining market competitiveness.
- New DLC Release: The confirmation of the ARK: Lost Colony DLC launching on December 18 further enriches the game content and meets player expectations for new experiences.
Snail Inc.'s Wandering Wizard Showcases Publishing Approach After Rebel Engine Debut
Game Release Announcement: Snail, Inc. announced the release of a new gameplay trailer for its indie title, Rebel Engine, developed by Seven Leaf Clover, which has received a "Positive" player rating on Steam.
Gameplay Features: Rebel Engine combines hack-and-slash mechanics with the fast-paced action of a boomer shooter, appealing to both core and emerging gaming audiences.
Marketing and Collaborations: The game has gained visibility through partnerships with popular VTubers and gaming creators, resulting in significant engagement on platforms like TikTok, with over 7,500 videos and 1.5 million views.
Strategic Focus: Wandering Wizard, Snail's indie publishing branch, aims to diversify its portfolio with high-performing titles while leveraging influencer collaborations to enhance community engagement and brand reach.
Snail, Inc. (SNAL) Announces Q3 Loss and Falls Short of Revenue Projections
Quarterly Performance: Snail, Inc. reported a quarterly loss of $0.21 per share, significantly worse than the expected loss of $0.05, and a decline in revenues to $13.82 million, missing estimates by 37.18%.
Stock Performance: The company's shares have dropped approximately 48.3% year-to-date, contrasting with a 16.4% gain in the S&P 500, raising concerns about future stock performance.
Earnings Outlook: The current consensus EPS estimate for the upcoming quarter is $0.07 on $30 million in revenues, while the fiscal year estimate is -$0.48 on $94.3 million in revenues, indicating a mixed outlook.
Industry Context: Snail, Inc. operates in the gaming industry, which is currently ranked in the bottom 39% of Zacks industries, suggesting that broader industry trends could significantly impact the company's stock performance.
Snail Games Launches Echoes of Elysium on Steam Early Access
- Game Launch: Echoes of Elysium officially launched on Steam Early Access for $19.99 with a 10% discount in the first week, marking a significant advancement for Snail Games in the interactive digital entertainment sector.
- Strong User Demand: Since its reveal, the game has surpassed 150,000 wishlists on Steam, indicating robust market demand and strong user interest, laying a solid foundation for future sales.
- Strategic Partnership: The collaboration with Loric Games reflects Snail Games' publishing strategy of supporting experienced development teams, leveraging proven creative leadership, and ensuring projects align closely with market needs.
- Long-term Growth Potential: The game's design foundation supports long-term content expansion, and Snail Games expects to enhance user engagement and diversify revenue streams through ongoing updates and community involvement.
Snail, Inc. to Present at Virtual Equity Conference
- Conference Schedule: Snail, Inc. is set to present at the Noble Capital Markets' Emerging Growth Virtual Equity Conference on February 4, 2026, at 2:30 p.m. Eastern Time, aiming to enhance the company's visibility among investors.
- One-on-One Meetings: In addition to the presentation, Snail, Inc.'s management team will be available for one-on-one meetings throughout the conference, facilitating direct interaction with potential investors to strengthen investor relations and trust.
- Live Webcast: The presentation will be webcast live via Channelchek and available for replay on the company's investor relations website, ensuring that investors unable to attend in real-time can access key information, thereby enhancing transparency.
- Company Background: Snail, Inc. is a leading global independent developer and publisher of interactive digital entertainment, boasting a premium portfolio of games designed for various platforms, which aims to provide high-quality entertainment experiences for consumers worldwide, further solidifying its market position.
Snail, Inc. Launches USDO Stablecoin and New Game Content at Investor Day
- Stablecoin Innovation: Snail introduced its stablecoin named $USDO during the Investor Day event, marking a significant milestone in the company's strategy to integrate secure digital payments, which enhances user experience and strengthens its competitive edge in the digital ecosystem.
- Gaming Culture Collectible: The company unveiled a digital meme collectible called Golden Poop, humorously reflecting gaming culture, aimed at attracting player attention and enhancing brand recognition, thereby driving user engagement and community interaction.
- Content Expansion Plan: Snail showcased a multi-year content roadmap for the ARK franchise, covering multiple new DLCs through 2027, ensuring continuous content support and player interest, further solidifying its leadership position in the interactive entertainment market.
- New Game Teaser: The event featured a teaser trailer for ARK: Lost Colony, confirming its launch on December 18, which is expected to attract significant player interest and drive sales growth, further enhancing the company's market share in the gaming industry.
Snail Inc. Launches USDO Stablecoin and New Game Content at Investor Day
- Stablecoin Innovation: Snail introduced its stablecoin named $USDO during the Investor Day event, marking a significant milestone in the company's strategy to integrate secure digital payments, which is expected to enhance user experience and ecosystem security.
- Gaming Culture Collectible: The company unveiled a digital collectible called Golden Poop, humorously acknowledging gaming culture, which is anticipated to attract more players and enhance brand recognition.
- Content Expansion Plan: Snail showcased a multi-year content roadmap extending to 2027, featuring multiple new DLCs and game expansions, ensuring ongoing support for the ARK franchise and maintaining market competitiveness.
- New DLC Release: The confirmation of the ARK: Lost Colony DLC launching on December 18 further enriches the game content and meets player expectations for new experiences.
Snail Inc.'s Wandering Wizard Showcases Publishing Approach After Rebel Engine Debut
Game Release Announcement: Snail, Inc. announced the release of a new gameplay trailer for its indie title, Rebel Engine, developed by Seven Leaf Clover, which has received a "Positive" player rating on Steam.
Gameplay Features: Rebel Engine combines hack-and-slash mechanics with the fast-paced action of a boomer shooter, appealing to both core and emerging gaming audiences.
Marketing and Collaborations: The game has gained visibility through partnerships with popular VTubers and gaming creators, resulting in significant engagement on platforms like TikTok, with over 7,500 videos and 1.5 million views.
Strategic Focus: Wandering Wizard, Snail's indie publishing branch, aims to diversify its portfolio with high-performing titles while leveraging influencer collaborations to enhance community engagement and brand reach.
Snail, Inc. (SNAL) Announces Q3 Loss and Falls Short of Revenue Projections
Quarterly Performance: Snail, Inc. reported a quarterly loss of $0.21 per share, significantly worse than the expected loss of $0.05, and a decline in revenues to $13.82 million, missing estimates by 37.18%.
Stock Performance: The company's shares have dropped approximately 48.3% year-to-date, contrasting with a 16.4% gain in the S&P 500, raising concerns about future stock performance.
Earnings Outlook: The current consensus EPS estimate for the upcoming quarter is $0.07 on $30 million in revenues, while the fiscal year estimate is -$0.48 on $94.3 million in revenues, indicating a mixed outlook.
Industry Context: Snail, Inc. operates in the gaming industry, which is currently ranked in the bottom 39% of Zacks industries, suggesting that broader industry trends could significantly impact the company's stock performance.
