---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-019909"
form_type: "8-K"
ticker: "SNAL"
cik: "0001886894"
company_name: "Snail, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:41:12.444349+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-019909
- form_type: 8-K
- ticker: SNAL
- cik: 0001886894
- company_name: Snail, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1886894/000149315224019909/0001493152-24-019909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1886894/000149315224019909/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019909
- JSON: https://secwatch.observer/filing/0001493152-24-019909.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019909.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1886894/000149315224019909/0001493152-24-019909-index.htm

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