Snail, Inc. Class A ((SNAL)) has held its Q2 earnings call. Read on for the main highlights of the call.
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In a recent earnings call, Snail, Inc. Class A presented a mixed sentiment, reflecting both promising advancements and financial hurdles. The company celebrated significant milestones, such as the launch of a pioneering stablecoin project and impressive engagement metrics for its ARK franchise. However, these achievements were tempered by financial setbacks, including a notable net loss and challenges with a game launch.
Stablecoin Project Announcement
Snail Inc. unveiled its proprietary stablecoin project, marking a pioneering step within the gaming industry. This initiative positions the company as a leader in adopting blockchain technology, with expectations of substantial long-term return on investment.
Significant Growth in Bookings and Units Sold
The company reported an 18.5% increase in bookings to $27.1 million and a 58.4% rise in units sold, reaching 2.1 million for the quarter. This growth was fueled by strong performance in June and the launch of new content.
ARK Franchise Engagement
The ARK franchise reached new heights with its highest peak concurrent users and daily active users on Steam in 2025. ARK Mobile also saw a 27.4% increase in first-time downloads and a 17.8% rise in daily active users.
New Game Releases and Expansions
Several new Indie titles were launched, with ARK: Lost Colony presale slightly exceeding internal projections, significantly contributing to the company’s bookings.
Annual Steam Publisher Sale Success
The annual Steam publisher sale event was a success, driving daily unit sales to 10.8 times the average during non-promotional periods in 2025. ARK: Survival Evolved experienced a 3.8 times increase in total units sold.
Net Loss Increase
Snail Inc. reported a net loss of $16.6 million for the quarter, a stark contrast to the net income of $2.3 million in the same period last year. This was primarily due to increased operational costs and a valuation allowance against deferred tax assets.
Decrease in EBITDA
The company experienced a decrease in EBITDA, reporting a negative $2.4 million compared to $3.1 million in the same period last year. This decline was driven by increased net loss and operational expenses.
Issues with Aquatica Launch
The launch of Aquatica faced significant issues, necessitating a rollback to a previous version. Ongoing updates are required to resolve these problems and ensure a smooth gaming experience.
Forward-Looking Guidance
Looking ahead, Snail Inc. emphasized a transformative period with the announcement of their stablecoin project, aligning with their business model to generate long-term ROI. Despite a modest revenue increase to $22.2 million, the company faces challenges with a net loss of $16.6 million due to increased operating expenses. The stablecoin initiative, backed by strategic partnerships, aims to leverage regulatory clarity and maintain transparency with shareholders.
In conclusion, Snail, Inc. Class A’s earnings call painted a picture of both innovation and financial challenges. While the company is making strides with its stablecoin project and ARK franchise engagement, it must navigate financial setbacks and operational hurdles. Investors will be keenly watching how these developments unfold in the coming quarters.
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