Snail, Inc.

Snail, Inc. entered into two material definitive agreements with Suzhou Snail Digital Technology Co., Ltd. on August 5, 2026. The first agreement, through Interactive Films, LLC, is for short drama production services for the SaltyTV platform, valued at $864,000 for one year. The second agreement, through Snail Games USA, Inc., is for game testing services, valued at $252,000 for one year. These transactions are with a related party, as Snail, Inc.'s CEO, Mr. Hai Shi, and director Ms. Ying Zhou (his spouse) are also leaders at Suzhou Snail.

Snail, Inc. reported a net loss of $(3.04) million for the second quarter of 2026, an improvement from $(16.56) million in the same period last year. Year-to-date net loss also significantly improved to $(0.91) million from $(18.51) million. Revenues for Q2 2026 were $19.68 million, a decrease from Q2 2025, but year-to-date revenues increased to $46.97 million. The company also completed a 1-for-5 reverse stock split in July 2026 and raised capital through an at-the-market offering and conversion of convertible notes.

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.

Snail, Inc. announced it will host a conference call and webcast on Tuesday, August 11, 2026, at 4:30 p.m. Eastern time. The purpose of the call is to discuss the company's financial results for the second quarter ended June 30, 2026. Management will lead the discussion, which will include a question-and-answer session, and the event will be accessible via the company's investor relations website.

Snail, Inc. announced that its subsidiary, Egofold, will publicly debut its artificial intelligence initiative, AI Ranch and NHPs™, at Ai4 2026. AI Ranch is designed to create Non-Human Players™ (NHPs™), which are AI companions for video games built to behave, learn, and adapt like real human teammates. This initiative reflects Snail Games' investment in emerging technologies to enhance player engagement and personalize gaming experiences.

Snail, Inc. announced the official launch of its internally developed AAA open-world sandbox cultivation game, "Age of Wushu: Immortal," at ChinaJoy 2026. The company will also showcase the first paid DLC for "PixARK: Terracrypt" and a reimagined competitive mode for "ARK: Survival Ascended," "The Survival of The Fittest." Additionally, Snail Games will highlight its current portfolio and several anticipated titles expected to launch later this year, demonstrating its commitment to expanding its diverse publishing lineup.

Snail, Inc. announced it will officially unveil "9 Yin Sutra: Immortal", an internally developed AAA open-world sandbox cultivation title, at ChinaJoy 2026. The company also launched a new trailer and Steam page for the game. Additionally, Snail Games will showcase "PixARK: Terracrypt", the first paid DLC for PixARK, and debut a public demo of "The Survival of The Fittest" for ARK: Survival Ascended. The company's presence at ChinaJoy will feature a robust portfolio of both released and upcoming titles, demonstrating its continued investment in expanding its publishing portfolio.

Snail, Inc. announced its participation in Gamescom 2026, scheduled from August 26-30 in Cologne, Germany. The company plans to showcase its growing product portfolio, including series expansions, new intellectual properties, and a previously unannounced AAA title. Key highlights will include "Ark: Survival Ascended," "For The Stars," "Bellwright," and "Honeycomb: The World Beyond." This participation underscores Snail's continued investment in expanding its interactive game offerings and creating long-term value.

Snail, Inc. announced the official launch of three new expansions for "ARK: Survival Ascended": "ARK: Genesis Part 1", "ARK: Tides of Fortune", and "ARK: Dragon's Utopia". With the release of "ARK: Genesis Part 1", the company anticipates recognizing approximately $11 million in deferred revenue during the third quarter of 2026. These launches aim to expand the ARK ecosystem and drive player engagement through new environments, creatures, and challenges.

Snail, Inc. announced a 1-for-5 reverse stock split for its Class A and Class B Common Stock, effective July 2, 2026, with split-adjusted trading beginning July 6, 2026. This action is intended to help the company regain compliance with Nasdaq's minimum bid price requirement. The company also received a delisting notice from Nasdaq on July 1, 2026, for failing to meet both the minimum bid price and continued listing standards. Snail plans to appeal this delisting determination.