secwatch.observer — SEC 8-K summary
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Issuer:     Snail, Inc. (SNAL)
CIK:        0001886894
Form:       8-K
Filed at:   2025-03-26T23:59:59+00:00
Accession:  0001641172-25-000793
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snail FY2024 revenue $84.5M (+39%), net income $1.8M; Q4 net income down to $1.1M
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- FY2024 revenue $84.5M, up 38.7% YoY; net income $1.8M vs loss $9.1M in 2023.
- Q4 revenue $26.2M (down 8.5% YoY); Q4 net income $1.1M vs $2.4M in Q4 2023.
- ARK: Survival Ascended sold 3.4M units since Oct 2023 launch; 94k avg DAUs.
- Cash dropped to $7.3M from $15.2M at Dec 31, 2023; bookings fell to $17M in Q4.
- Acquired 11 games in 2024, plan to release 9 in 2025; soft launched short film app SaltyTV.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1886894/000164117225000793/0001641172-25-000793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1886894/000164117225000793/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-000793

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer