Snail, Inc. Class A ( (SNAL) ) has released its Q4 earnings. Here is a breakdown of the information Snail, Inc. Class A presented to its investors.
Snail, Inc. is a global independent developer and publisher of interactive digital entertainment, known for its diverse portfolio of premium games across various platforms including consoles, PCs, and mobile devices. In its latest earnings report, Snail, Inc. highlighted the successful launch of ‘ARK: Survival Ascended,’ which became the top-selling game on Steam upon release, contributing significantly to the company’s revenue growth. The company reported net revenues of $84.5 million for the year 2024, marking a 38.7% increase from the previous year, driven by deferred revenues from the ARK franchise and increased sales of other titles like Bellwright. Despite a decrease in net income for the fourth quarter due to higher research and development costs, Snail, Inc. achieved a net income of $1.8 million for the full year, a significant turnaround from a net loss in 2023. The company is expanding its game portfolio with new releases and acquisitions, including a next-gen ARK mobile game and several indie titles. Looking ahead, Snail, Inc. remains focused on broadening its entertainment offerings and maintaining its growth trajectory by launching new games and expanding its digital content portfolio.