Snail Q1 net revenue $14.1M (+4% YoY); net loss narrows to $1.8M from $3.0M

Snail, Inc.

2024-Q1 EPS reported -$0.05 revenue$14,115,729

Net revenue $14.1M vs $13.5M YoY; net loss $1.8M improved from $3.0M loss.
Bookings $19.6M, up 47% from $13.3M, driven by ARK: Survival Ascended.
ARK: Survival Ascended sold ~2M units since Oct 2023 launch; 121K avg DAUs in Q1.
Unrestricted cash $16.1M as of Mar 31, 2024.
EBITDA loss $1.9M vs $3.4M in prior year period.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Snail, Inc. reported the first quarter ended March 31, 2024 results: revenue $14.1 million, net income $1.8 million.

Period: the first quarter ended March 31, 2024
Revenue: $14.1 million
Net income: $1.8 million
Result: reported results

Exact text from the filing

133,000 DAUs. ○ ARK: Survival Evolved sold approximately 0.6 million units in the first quarter of 2024. Net revenues for the three months ended March 31, 2024 was $14.1 million compared to $13.5 million in the three months ended March 31, 2023. The increase in net revenues was due to an increase in total ARK sales of $5.1 million, an increase in revenue

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Source: SEC EDGAR

accession 0001493152-24-019909

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