Snail Q3 revenue $13.8M down 39% YoY; net loss $7.9M; bookings up 9.3%

Snail, Inc.

Net loss of $7.9M vs net income $0.2M in Q3 2024; EBITDA was $(9.7)M.
Net revenues $13.8M down 39% YoY; deferred revenue rose to $36.4M, with $5.8M expected in Q4 from ARK Lost Colony launch.
Bookings grew 9.3% to $17.6M YoY, driven by ARK promotions and pre-sales.
ARK franchise: ASE units 576k, ASA 499k units in Q3; total ARK sales up $2.2M YoY.
Stablecoin infrastructure development and multi-state regulatory licensing progressing.

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