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Snail, Inc. (Nasdaq: SNAL) is a leading global independent developer and publisher of interactive digital entertainment, offering a premier portfolio of premium games for consoles, PCs, and mobile devices. Headquartered in Culver City, California, Snail has a significant presence in both the United States and international markets, with the majority of its revenue originating from the U.S.
Recently, Snail announced a slew of updates and new developments, showcasing its commitment to delivering rich and engaging gaming experiences. On April 3, 2024, the company released major new content for ARK: Survival Ascended, including the Scorched Earth Expansion Map and Bob's Tall Tales DLC. These updates aim to enhance the game’s universe and engage a broader audience. Starting April 1, 2024, ARK: Survival Ascended also became available on Microsoft's Game Pass, extending its reach to a wider player base.
In addition to ARK, Snail’s highly anticipated title Bellwright launched into Early Access on Steam on April 23, 2024. This city builder, RPG, and survival strategy game promises an immersive experience, allowing players to lead a revolution in a dynamic world filled with intricate storytelling.
The company reported its first quarter financial results for the period ending March 31, 2024, on May 15, 2024. Net revenues increased to $14.1 million, and the net loss was reduced to $1.8 million compared to the previous year. This improvement was driven by increased ARK sales and better cost management.
Further bolstering its offering, on May 23, 2024, Snail became the first to introduce premium UE5-generated mods for consoles with ARK: Survival Ascended. This update supports professional modders, offering a new revenue-sharing model, and enhances the gaming experience for players.
On June 5, 2024, Snail announced a significant update for ARK: Survival Ascended, introducing “The Center” map, which doubles the size of a standard ARK island, featuring diverse biomes and new challenges. This expansion includes the Shastasaurus and the Pyromane, priced at $4.99, enriching the gameplay with new creatures and adventures.
Snail, Inc. continues to innovate, providing interactive entertainment to a global audience, with a strong pipeline of projects, partnerships, and a commitment to delivering value to its shareholders and stakeholders.
Snail Games (Nasdaq: SNAL), a global independent developer and publisher of interactive digital entertainment, has regained compliance with Nasdaq's minimum bid price requirement. The company received written notice from Nasdaq's Listing Qualifications Department confirming that it has met the necessary criteria for continued listing on The Nasdaq Capital Market.
To regain compliance, Snail Games was required to maintain a minimum closing bid price of $1.00 per share for its Class A common stock for at least ten consecutive business days. Nasdaq notified the company that it had achieved this requirement from October 4 to October 17, 2024. As a result, Snail Games has successfully resolved this compliance issue, and the matter is now closed.
Snail, Inc. (Nasdaq: SNAL) has announced the acquisition of publishing rights for three new titles, expanding its portfolio in both mainstream and indie gaming markets. The company will publish Honeycomb, a sci-fi survival adventure, while its indie-focused branch, Wandering Wizard, has acquired Castle of Secrets and Stoneguard.
Honeycomb: The World Beyond is set on the mysterious planet Sota7, where players act as bioengineers exploring biomes and crossbreeding alien species. Castle of Secrets is a psychological horror game with 3D environments and 2D hand-drawn characters, offering player-driven story choices. Stoneguard is a survival strategy game in a dark medieval setting, focusing on resource management and defense building.
This expansion demonstrates Snail Games' commitment to diverse gaming experiences and strategic growth in the indie sector, potentially offering lower production costs and high-reward opportunities.
Snail Games (Nasdaq: SNAL) has reported significant revenue milestones for ARK: Survival Ascended (ASA) and its Premium Mods program. The game has sold approximately 2.6 million units across all platforms, demonstrating its enduring popularity. The DLC expansion, Bob's Tall Tales, has sold about 400,000 units, indicating strong demand for additional content.
The ARK Premium Mods program has generated over $1.6 million USD, with 50% of net revenue going directly to mod creators. This initiative empowers the community to monetize their projects while extending the game's lifecycle. Snail Games' strategy focuses on leveraging player-driven content to maintain a competitive edge and drive consistent revenue.
Snail Games (NASDAQ: SNAL) has released two major updates for ARK: Survival Ascended, expanding its flagship survival game. The first update, ARK: Aberration Ascended, is a reimagined version of the popular Aberration map, featuring a complex underground biome with new hazards, creatures, and environments. It's available for free to all ARK: Survival Ascended owners and includes the community-voted creature, Yi Ling.
The second update, Bob's Tall Tales - Steampunk Ascent, continues Bob's journey with new gameplay mechanics like airships and luminous spider-silk traversal. It features voice acting by Karl Urban and Alan Tudyk. These updates aim to deepen engagement and attract players from ARK: Survival Evolved.
Key features include 15 unique creature types, over 50 new items, and 30 new Engrams. ARK: Survival Ascended is currently 33% off across all platforms, with Bob's Tall Tales DLC and Fantastic Tames: Pyromane each 20% off.
Snail Games (Nasdaq: SNAL) has announced its latest Steam Publisher Sale, offering discounts on top titles from August 29 to September 4, 2024. These sales events have historically boosted the company's performance, with an average 520% increase in daily unit sales compared to non-promotional periods. The sale coincides with several key updates across Snail Games' portfolio:
1. ARK: Survival Ascended - Launching the Aberration map on September 4th
2. Bellwright - Introducing an upgraded combat system
3. Zombie Within - Releasing version 1.0 with West Hunt Skins DLC
4. PixARK - Rolling out Enduring Sands DLC and teasing a new creature
These updates aim to drive renewed interest and engagement among players while maintaining consistent revenue streams for the company.
Snail Games USA has announced "For The Stars", a new AAA space-themed survival sandbox MMO game set to launch on PC, PS5, and Xbox Series X|S. The game aims to blend deep space exploration, strategic gameplay, and a persistent multiplayer universe, targeting both existing Snail fans and new players. Key features include voxel technology for terraforming, planet digging, and star destruction.
Peter Kang, COO of Snail Games, stated that "For The Stars" is a important part of their long-term growth strategy, expected to enhance market presence and drive sustainable growth. The game is available for wishlist on Steam, with Snail Games positioning it as a flagship title to showcase their commitment to delivering innovative gaming experiences globally.
Snail, Inc. (NASDAQ: SNAL) reported Q2 2024 financial results, showing significant growth. Net revenue increased to $21.6 million, up from $9.9 million in Q2 2023. The company achieved a net income of $2.3 million, compared to a net loss of $4.1 million in the same period last year. Bookings rose to $22.9 million from $9.3 million, primarily due to the success of ARK: Survival Ascended and new releases. EBITDA improved to $3.1 million from a loss of $4.8 million in Q2 2023. The ARK franchise continues to perform well, with ARK: Survival Ascended selling approximately 2.5 million units since launch and maintaining strong daily active user numbers.
Snail, Inc. (Nasdaq: SNAL), a global independent developer and publisher of interactive digital entertainment, has announced it will report its financial results for the second quarter ended June 30, 2024 on Tuesday, August 13th. The company will host a conference call and webcast at 4:30 p.m. ET on the same day to discuss the results. Investors and interested parties can access the live webcast and replay on Snail's investor relations website at https://investor.snail.com/. This announcement provides an opportunity for shareholders and analysts to gain insights into Snail's financial performance and future outlook.
Snail, Inc. (Nasdaq: SNAL) has released the Genesis Part 2 expansion pack for ARK: Survival Evolved on Nintendo Switch. This expansion follows the success of Genesis Part 1, which celebrated its one-year anniversary on the platform. Genesis Part 2 is available as a free download for owners of ARK: Ultimate Survivor Edition or through the ARK: Genesis Pass. The expansion aims to attract new players and fuel momentum on the Nintendo platform. Peter Kang, COO of Snail Games, emphasized the company's commitment to supporting and expanding the ARK franchise across all platforms, making it accessible to a wide range of players.
Snail, Inc. (Nasdaq: SNAL), a global independent developer and publisher of interactive digital entertainment, has announced that its indie branch, Wandering Wizard, has acquired publishing rights to two new horror games. The first game, The Cecil, is a first-person action game set in The Cecil Hotel, where players must find their missing wife while uncovering dark secrets. The second game, Chasmal Fear, is a next-gen tactical shooter survival horror game built in Unreal Engine 5, featuring a mysterious underwater facility and mutating monsters.
These acquisitions are part of Snail Games' strategy to boost attention to their indie game sector and expand Wandering Wizard's audience. The immersive nature of these horror games is expected to captivate players and draw them into the broader catalog of Wandering Wizard games, potentially increasing the overall popularity and success of Snail Games' indie branch.
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