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Snail, Inc. SNAL reported first-quarter 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line declined from the prior-year quarter’s figure. Following the results, SNAL’s shares lost 2.5% in the after-hours trading session yesterday.
For the first quarter, the company reported robust user engagement. Daily active users on Steam and Epic platforms climbed 16% year over year to 243,000, driven by the release of new maps and DLCs for ARK: Survival Evolved, ARK: Survival Ascended and the mobile version. The franchise’s mobile title, ARK: Ultimate Mobile Edition, has maintained solid momentum since its launch last quarter, helping broaden the ARK audience by removing hardware limitations and attracting a wider player base.
In a strategic move to diversify its content offerings beyond gaming, the company signed a memorandum of understanding with Mega Matrix to co-develop at least 10 short dramas. To support this effort, Snail soft-launched Salty TV. As the company works to finalize this agreement, it remains focused on expanding its global footprint, driving scalable growth and delivering innovative, cross-platform experiences across gaming and entertainment throughout the remainder of 2025.
SNAL’s Q1 Earnings & Revenues
For the first quarter of 2025, SNAL reported an adjusted loss per share of 6 cents, narrower than the Zacks Consensus Estimate of a loss of 11 cents. The company reported an adjusted loss per share of 5 cents in the prior-year quarter.
Snail, Inc. Price, Consensus and EPS Surprise
Snail, Inc. price-consensus-eps-surprise-chart | Snail, Inc. Quote
Quarterly revenues of $20.1 million beat the consensus mark of $18 million by 11.7%. The top line increased 42.5% from $14.1 million reported in the year-ago quarter. The upside was driven by a $2.7 million rise in total ARK sales and a $1.3 million boost in ARK Mobile sales, fueled by the launch of ARK: Ultimate Mobile Edition.
During the quarter, bookings totaled $22.2 million compared with $19.6 million reported in the prior-year quarter. The upside was largely attributed to the release of the ARK: Survival Ascended DLC Astraeos in early 2025, along with the prior-year launches of Bob’s Tall Tales and Bellwright in the latter part of 2024.
Snail’s Q1 Operating Highlights
During first-quarter 2025, gross profit came in at $5.8 million compared with $2.1 million reported in the prior-year quarter.
Net loss in the first quarter came in at $1.9 million compared with $1.8 million reported in the prior-year quarter. The decline was primarily due to increased cost of revenues and operating expenses, reflecting expanded headcount as well as elevated research, development and marketing spending.
EBITDA during the quarter came in at a loss of $3.2 million, compared to a loss of $1.9 million in the prior-year period. The decline was mainly due to a $1.0 million increase in income tax benefit, a $0.3 million reduction in interest expense and a $0.1 million rise in net loss. These factors were partially offset by a $0.1 million decline in both interest income and interest income from related parties.