| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 27.29 | 35.7% |
| Total Income | 27.29 | 35.7% |
| Expenditure | 25.25 | 4.3% |
| PBT | 2.24 | 165.5% |
| Net Profit | 2.13 | 209.2% |
| OPM | 7.47% | 27.87pp |
| NPM | 7.82% | 17.50pp |
| EPS | — |
Snail, Inc. Reports Q1 2026 Financial Results
14 May 2026 · 14 May, 1:41 am
Summary
Snail, Inc. reported a 35.7% increase in net revenues to $27.3 million for the first quarter of 2026, compared to $20.1 million in the same period last year. Total units sold increased by 42.6% to 2.2 million units. Net income saw a significant increase of 210% to $2.1 million, compared to a net loss of $1.9 million in the same period last year. The company's CEO, Hai Shi, mentioned that they aim to deliver year-over-year growth in Q2, driven by several upcoming ARK content releases.
Key Highlights
- 1
Net revenues increased by 35.7% to $27.3 million compared to $20.1 million in the same period last year.
- 2
Total units sold increased 42.6% to 2.2 million units compared to 1.5 million units in the same period last year.
- 3
Net income increased 210% to $2.1 million compared to a net loss of $1.9 million in the same period last year.
- 4
Bookings increased 21.1% to $26.9 million compared to $22.2 million in the same period last year.
- 5
EBITDA increased 173.3% to $2.4 million compared to $(3.2) million in the same period last year.
- 6
ARK: Survival Evolved units sold were approximately 573,000 for the first quarter of 2026.
- 7
ARK: Survival Ascended units sold were approximately 1.4 million for the first quarter of 2026.
Management Comments
Hai Shi
“We exited 2025 with tailwinds that positioned Snail for stronger and more stable growth and results,” said Company CEO Hai Shi. “Momentum from the ASA pipeline we announced in December, the launch of ARK Lost Colony DLC, and the subsequent Steam Winter Sale event supported net revenue growth and a return to net income positive. Looking ahead, we aim to deliver year-over-year growth in Q2, driven by several upcoming ARK content releases. We have a Fantastic Tames Season 1 Expansion Pack coming in May 2026, and ARK Tides of Fortune to launch alongside the remake of Genesis Part 1 coming to ASA in June 2026 to provide a foundation for the quarter to build on. Approximately $11 million from our deferred revenue backlog is expected to be recognized upon the release of Genesis Part 1. “Beyond ARK, Snail Games continues to execute on its strategy to eventually become a fully integrated game developer and publisher. Our upcoming AAA titles represent an important step toward building new franchises with the potential for multi-year to multi-decade game lifespans that can complement the scale of ASE and ASA. As previously disclosed, these projects have entered their final phases of development, and the eventual launch of these games position us to meaningfully diversify our revenue mix beyond ARK. With multiple gaming events and planned updates throughout the year, we look forward to sharing additional information on For the Stars, Nine Yin Sutra: Immortal, and Nine Yin Sutra: Wushu. “The next 12-18 months will serve as an inflection period for Snail Games as we work to advance our ARK pipeline and deliver on the investments we have made across our broader pipeline. Over time, our ambition is for Snail Games to be recognized not only for ARK, but as a developer and publisher of multiple renown IPs and titles. We remain focused on unlocking the value of our pipeline and delivering results.”
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