---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-041360"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:48:25.532849+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Snail reports Q3 revenue $9.0M (down 42% YoY) and net loss $4.4M; ARK Ascended debut sold 600k+ units

## Summary
- Revenue $9.0M, down 42% YoY from $15.6M; net loss widens to $4.4M from $1.5M.
- ARK: Survival Ascended launched Oct 25; sold 336k units in first 24 hours and over 600k total as of Nov 14.
- ARK: Survival Evolved DAUs fell to 231k from 340k YoY, but units sold increased to 1.2M from 1.1M.
- Unrestricted cash $4.9M at Sep 30, down from $12.9M at Dec 31, 2022.
- EBITDA loss $5.1M vs $1.5M loss in prior-year quarter.

## SEC filing metadata
- accession: 0001493152-23-041360
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000149315223041360/0001493152-23-041360-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000149315223041360/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-041360
- JSON: https://secwatch.observer/filing/0001493152-23-041360.json
- Plain text: https://secwatch.observer/filing/0001493152-23-041360.txt

## Key facts
- Earnings Releases
  Snail, Inc. reported the third quarter ended September 30, 2023 results: revenue $9.0 million, net income Net loss was $4.4 million.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $9.0 million
  - Net income: Net loss was $4.4 million
  - Result: reported results
  source text: Revenue was $9.0 million for the three months ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886894/000149315223041360/0001493152-23-041360-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.