Quarterly ResultMay 13, 2026, 04:11 PM
Snail Q1 Net Income $2.1M, Revenue +35.7% to $27.3M
AI Summary
Snail, Inc. reported strong first-quarter 2026 financial results, with net income increasing 210% to $2.1 million, a significant turnaround from a net loss in the prior year. Net revenues grew 35.7% to $27.3 million, driven by strong sales of ARK franchise IPs and Bellwright. The company also highlighted a robust content pipeline, including upcoming ARK DLCs and new AAA titles, aiming for continued growth and revenue diversification beyond the ARK franchise.
Key Highlights
- Net income increased 210% to $2.1 million for Q1 2026, up from a $1.9 million net loss in Q1 2025.
- Net revenues rose 35.7% to $27.3 million in Q1 2026, compared to $20.1 million in Q1 2025.
- Total units sold increased 42.6% to 2.2 million units in Q1 2026.
- Bookings grew 21.1% to $26.9 million in Q1 2026.
- EBITDA increased 173.3% to $2.4 million in Q1 2026, from $(3.2) million in Q1 2025.
- ARK: Survival Ascended (ASA) sold approximately 1.4 million units in Q1 2026.
- Bellwright surpassed 1 million downloads on Steam Early Access.
- Expects to recognize approximately $11 million from deferred revenue backlog upon ARK Genesis Part 1 release in June 2026.