What guidance did Snail's management provide for the next earnings period?

What were the key takeaways from Snail’s earnings call?

What factors drove the changes in Snail's revenue and profit?

What is Snail's latest dividend and current dividend yield?

What were the key takeaways from Snail's earnings call?

Did Snail beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Snail next quarter?

What does Snail do and what are its main business segments?

- **Q3 Revenue Impact**: $10.9M deferred revenue decline caused 38.7% YoY net revenue drop to $13.8M, but $5.8M to be recognized in Q4 from Lost Colony.
- **Booking Growth**: 9.3% YoY increase to $17.6M driven by ARK DLC launches and Steam sale.
- **Gross Margin Challenge**: 30% Q1/Q2 margins contracted due to $6M fixed license fees and deferred revenue timing.
- **2026 Catalysts**: ARK: Genesis 1/2, Nine Yin Sutra Wushu, and Echoes of Elysium (Dec 4) set for launches.
- **Stablecoin Progress**: Regulatory approvals underway, positioning Snail as gaming industry leader in digital payments.

**【CFO Financial Commentary】**
- Q3 2025 net revenue decreased to $13.8M (YoY -38.7%), driven by $10.9M increase in deferred revenue from ARK: Survival Ascended presales.
- Deferred revenue balance of $36.4M (non-refundable $35.3M) includes $5.8M expected to be recognized in Q4 from Lost Colony launch.
- Bookings grew 9.3% to $17.6M, driven by Steam sale and ARK DLC launches.
- Gross margin contraction due to $6M fixed quarterly license fees and timing of revenue recognition.
- 9-month operating cash flow remained stable at $4.2M despite net loss of $26.4M.

**【Senior VP Business Update】**
- ARK titles saw strong engagement: 122,658 DAU for ARK: Survival Evolved, 92,876 DAU for ARK: Ascended, and 144,750 DAU for ARK Mobile.
- Q3 Steam sale generated 8.5x ARK: Ascended units/day and 3.5x revenue/day vs. pre-sale period.
- Lost Colony presales exceeded expectations with 306,000 units sold, enhanced with Elderclaw bundle.
- 2026 pipeline includes ARK: Genesis 1/2, Nine Yin Sutra Wushu, and Echoes of Elysium (Dec 4 launch).

**【Q&A Highlights】**
- Gross margin contraction explained by fixed license fees and deferred revenue timing.
- $26.5M of deferred revenue to be recognized within 12 months, with $5.8M in Q4.
- Stablecoin project progressing through regulatory approvals, targeting 2026 launches.
- Interactive films (Salty TV) expanded to 67 short dramas, with Fame Game: Hollywood release.


Snail, Inc. (SNAL) Q3 2025 Earnings Call Transcript

- **Stablecoin Breakthrough**: Launched proprietary U.S. dollar-backed stablecoin project with $7.9M in reserves, supported by regulatory experts and legal compliance.
- **ARK Franchise Dominance**: Q2 bookings +18.5% to $27.1M, driven by ARK: Lost Colony presale and 380% YoM surge in ARK: Survival Evolved sales.
- **Financial Resilience**: Net loss $16.6M due to strategic R&D and marketing investments, with EBITDA improving sequentially despite macro challenges.
- **Indie Expansion**: Launched 5 new titles, including first dating sim *The Fame Game*, with 6.9M mobile downloads and 17.8% DAU growth.
- **Regulatory Alignment**: Compliant with GENIUS Act, positioned as a pioneer in gaming blockchain adoption with Snail Coins LLC infrastructure.

**【CEO Summary Section】**
- Announced proprietary stablecoin project, positioning Snail as a pioneer in gaming industry blockchain adoption.
- Q2 revenue grew modestly YoY, with bookings up 18.5% to $27.1M and units sold rising 58.4% to 2.1M.
- ARK franchise drove growth through 10-year anniversary celebration, including ARK: Lost Colony presale that slightly exceeded internal projections.
- Subsidiary Interactive Films launching first dating sim game, *The Fame Game: Welcome to Hollywood*, targeting casual players with streamlined development.

**【SVP Gaming Operations】**
- ARK: Survival Ascended DAU reached 85,000, ARK Mobile DAU 104,000, and cumulative playtime 4.1B hours.
- June Steam Publisher Sale drove ARK: Survival Evolved units sold up 380% YoM, with ARK Mobile downloads +27.4% and DAU +17.8% during launch week.
- New Indie titles launched: *Castle of Secrets*, *Robots at Midnight*, *Zombie Rollerz: The Last Ship*, and *The Fame Game*.
- ARK: Lost Colony expansion pass ranked #1 preorder on PlayStation during Q2.

**【CFO Financial Commentary】**
- Q2 net revenue $22.2M (+2.8% YoY), driven by ARK sales growth and mobile expansion.
- Net loss $16.6M due to increased R&D (+35%), marketing (+25%), and $12.9M tax valuation allowance.
- Bookings $27.1M (+18.5% YoY), with ARK promotions and presales contributing 60% of growth.
- EBITDA -$2.4M (vs. +$3.1M YoY), reflecting higher operating expenses.

**【Stablecoin Initiative】**
- Formed Snail Coins LLC to manage issuance, with $7.9M unrestricted cash to support capital formation.
- Engaged blockchain expert Dr. George Cao and Chambers FinTech legal team for regulatory compliance.
- Initiated ATM offering to raise funds for stablecoin reserve backing.
- Aligned with GENIUS Act regulatory framework for U.S. dollar-backed stablecoins.


- **Revenue Surge**: 42.5% YoY growth to $20.1M, fueled by ARK's 1.5M units sold (+45% YoY).
- **Mobile Expansion**: ARK mobile hits 4.8M downloads, 144K DAU, with underwater ARK Aquatica coming Q4.
- **Short Drama Play**: 10 co-developed short dramas with Mega Matrix to diversify revenue streams.
- **Profit Path**: Cost control via outsourcing, high-margin mobile monetization, and scalable content.

**【CEO Opening Remarks】**
- Q1 2025 revenue reached $20.1 million, up 42.5% YoY, driven by ARK franchise growth.
- ARK bookings rose 13.6% to $22.2 million, with 1.5 million units sold (+45% YoY).
- ARK mobile edition achieved 4.8M downloads and 144K DAU, expanding global reach.
- ARK's cumulative playtime hit 4.0B hours, with avg. 162 hours per user.
- Signed MOU with Mega Matrix to co-develop 10 short dramas, leveraging AI for immersive storytelling.

**【CFO Financial Highlights】**
- Net loss narrowed to $1.9M vs. $1.8M YoY, despite 42.5% revenue growth.
- EBITDA loss widened to $3.2M due to higher R&D and marketing expenses (+$1M QoQ).
- Mobile monetization and deferred revenue strategy offset console tariff risks.

**【Peter Kang: ARK Franchise Updates】**
- Launched Astraeos Map (Greek mythology theme) and 2 new mobile maps (Ragnarok, Extinction).
- ARK Aquatica (95% underwater) and Lost Colony DLCs set for 2025H2 release.
- ARK mobile will add Genesis Part 1/2 expansions in Q4.
- Bellwright sold 417K units in 1-year early access, launching on Xbox Q4.

**【Q&A Key Takeaways】**
- Revenue diversification: short dramas (MOU with Mega Matrix), premium mods, mobile microtransactions.
- Marketing spend up $1M QoQ due to GDC expo and game launches; expect normalization in 2025H2.
- Profit strategy: cost control via outsourcing, high-margin mobile monetization, scalable content pipeline.
- Tariff risk mitigation: 48% PC revenue mix vs. 41% consoles; mobile lowers hardware barriers.


Snail, Inc. (SNAL) Q1 2025 Earnings Call Transcript

- **ARK Mobile Success**: 2 million downloads in Q4, with 3.9B total play hours across platforms.
- **Revenue Growth Driver**: Full-year revenue up 39% to $84.5M, fueled by ARK DLC deferred revenue.
- **2025 Pipeline**: Major releases include ARK Aquatica, Lost Colony, and *Robots at Midnight*.
- **Console Expansion**: Bellwright targeting Xbox in Q4 2025, with Game Pass potential.
- **Financial Health**: Yearly EBITDA improved to $3.2M (vs. -$9.7M YoY), despite Q4 net income decline.

**【CEO Summary Section】**
- **Revenue Performance**: Q4 2024 net revenue was $26.2 million, down 8.4% YoY, driven by a $13 million decline in ARK sales, partially offset by $8 million in DLC revenue. Full-year revenue rose 39% to $84.5 million, supported by ARK franchise deferred revenue recognition.
- **ARK Franchise Momentum**: ARK Ultimate Mobile Edition achieved 2 million downloads in Q4, with 3.9 billion total play hours across platforms. 21.3% of Steam players spent over 100 hours in 2024.
- **AI Investment**: Emphasized strategic AI investments to enhance game development efficiency and creativity.

**【Business Development Updates】**
- **Upcoming Releases**: 
  - **2025 Mobile Titles**: ARK: Survival Evolved Aquatica (underwater DLC) and ARK: Lost Colony (full-size expansion).
  - **Indie Portfolio**: 2025 launches include *Robots at Midnight* (Q1), *Echoes of Elysium* (H2), and *Honeycomb: The World Beyond* (H2).
- **Console Expansion**: Bellwright expected on Xbox in Q4 2025, with potential Game Pass consideration.
- **Pipeline Growth**: 11 new publishing deals signed in 2024, plus internal projects like *Project for the Stars* and *Nine Yin Sutra*.

**【Financial Highlights】**
- **Profitability**: Q4 net income of $1.1 million vs. $2.4 million YoY, due to $3 million R&D investment offset by $1.4 million gross profit growth.
- **Cash Position**: $7.3 million unrestricted cash as of Q4 2024.
- **EBITDA**: Yearly EBITDA improved to $3.2 million (vs. -$9.7 million YoY), driven by revenue growth and expense management.

**【Q&A Key Takeaways】**
- **Xbox Strategy**: Bellwright targeting Q4 2025 launch on Xbox, with Game Pass discussions ongoing.
- **Resource Allocation**: Marketing spend based on market size analysis; prioritizing high-potential titles like ARK mobile and *Robots at Midnight*.
- **Risk Management**: Diversifying revenue through indie publishing and new IPs to mitigate ARK franchise dependency.

SNAL

SNAL fundamentals

Earnings Call

You can ask Aime