Snail, Inc. Stock Price, News & Analysis

Snail Games has announced a major free update for ARK: Survival Ascended, called 'The Center.' This expansion introduces a new map double the size of a standard ARK island, featuring diverse biomes, new challenges, and endgame boss encounters. 'The Center,' previously a popular modded map in ARK: Survival Evolved, now utilizes Unreal Engine 5 for enhanced visuals and gameplay. Along with the map, new creatures, including Shastasaurus and Pyromane, are introduced. The Pyromane, priced at $4.99, is part of a new class of premium creatures. This update aims to enrich player experience and boost engagement.

Snail Games (Nasdaq:SNAL) has launched an official e-commerce store for its game 'West Hunt' on the Nintendo Switch platform. This expansion allows players to purchase exclusive items such as unique character skins and pets, enhancing their gameplay experience. The update also introduces new influencer skins featuring popular streamers like Grizzy, BigPuffer, and Blarg. Snail Games aims to boost player engagement and revenue through these digital enhancements. COO Peter Kang highlights the launch as a key strategy to deliver more value to players and broaden revenue streams.

Snail (Nasdaq: SNAL) has announced the launch of premium mods for ARK: Survival Ascended on consoles, marking it as the first game to offer Unreal Engine 5 generated mods on this platform.

This strategic move aims to enhance monetization opportunities for professional modders while enriching the gaming experience for players. Modders will now have access to professional tools and a 50% revenue-sharing model, fostering innovation in the ARK Universe.

This update follows the successful Steam Early Access release of Bellwright, further demonstrating Snail's commitment to growth and player engagement.

Snail (Nasdaq: SNAL) has announced the successful Early Access launch of Bellwright, a town-building survival RPG, on Steam. Within a short period, the game has sold over 200,000 units and amassed 822,628 wishlists, indicating substantial potential for growth. The game boasts higher player retention rates and persistent concurrent user numbers, with many players spending over 20 hours in-game. Snail's COO, Peter Kang, expressed optimism about the positive community response and looks forward to the full release of Bellwright.

Snail (NASDAQ: SNAL), a global developer and publisher of digital entertainment, announced its Q1 2024 financial results. The company reported net revenues of $14.1M, a 4.4% increase from $13.5M in Q1 2023, driven by ARK franchise sales. Net loss reduced to $1.8M from $3.0M last year. Bookings surged to $19.6M from $13.3M. Key highlights include the launch of ARK: Survival Ascended with 2M units sold and 121,000 daily active users. ARK: Survival Evolved sold 0.6M units with 133,000 DAUs. Despite increased revenues, higher R&D expenses and cost of revenues impacted profitability. Unrestricted cash stands at $16.1M as of March 31, 2024.

Snail, Inc. (Nasdaq: SNAL), a global independent developer and publisher of interactive digital entertainment, will release its first-quarter 2024 financial results on May 15, 2024. The results cover the period ending March 31, 2024. A conference call and webcast, hosted by management, will be held at 4:30 p.m. ET on the same day to discuss these results. The webcast will be accessible live and for replay on Snail's investor relations website. This announcement provides stakeholders an opportunity to hear directly from the company's management regarding their latest performance metrics and future outlook.