Quarterly ResultAug 11, 2026, 04:13 PM
Snail Q2 Net Loss Improves 81.6% to $(3.0)M; Revenue $19.7M
AI Summary
Snail, Inc. reported a significant improvement in its net loss for the second quarter of 2026, narrowing to $(3.0) million from $(16.6) million in the prior year. However, net revenues for the quarter decreased by 11.3% to $19.7 million, and bookings fell by 19.5% to $21.8 million. Operationally, the company saw strong performance from ARK: Survival Ascended with 1.2 million units sold and successfully launched Bellwright on consoles, which reached the Top 5 Paid Games on Xbox. Snail also unveiled new AAA titles and a new AI gaming companion initiative, Non-Human Player (NHP), with management expressing optimism for the second half of 2026.
Key Highlights
- Q2 2026 net loss improved 81.6% to $(3.0) million compared to $(16.6) million last year.
- Q2 2026 net revenues decreased 11.3% to $19.7 million from $22.2 million in prior year.
- Q2 2026 bookings decreased 19.5% to $21.8 million from $27.1 million last year.
- ARK: Survival Ascended sold approximately 1.2 million units in Q2 2026.
- Bellwright launched on PlayStation and Xbox, reaching Top 5 Paid Games on Xbox.
- Company's subsidiary Egofold debuted AI Ranch initiative and Non-Human Player (NHP) AI companion.
- Unrestricted cash increased to $13.3 million as of June 30, 2026, from $8.6 million.
- Six-month net revenues increased 11.1% to $47.0 million.
Price Impact
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