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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, a global independent developer and publisher of interactive digital entertainment, announced its participation in the Inaugural EF Hutton Global Conference on May 11, 2023, at the Plaza Hotel in New York City. CEO Jim Tsai and CFO Heidy Chow will engage in one-on-one and group meetings during this two-day invitation-only event, which features approximately 150 public and private companies presenting to a diverse audience of institutional investors, high-net-worth individuals, corporate clients, and press members.
This conference aims to convey unique corporate stories and foster connections between executives and investors. Snail’s premier portfolio includes premium games for consoles, PCs, and mobile devices, enhancing its global presence in the interactive entertainment sector.
Snail (Nasdaq: SNAL) has announced the upcoming release of ARK: Survival Ascended (ASA), a remaster of ARK: Survival Evolved, set for August 2023 on Xbox Series S/X, PC, and PlayStation 5. Priced at $59.99, ASA will include revamped content and additional downloadable content (DLC) like The Island and Survival of the Fittest. Future updates will integrate more DLCs and introduce a new canonical story expansion pack in Q4 2023, featuring new creatures. The release aims to enhance the gaming experience with Unreal Engine 5, focusing on improved visuals and gameplay. CEO Jim Tsai expressed excitement about attracting both loyal players and new audiences. Snail continues to emphasize its commitment to delivering high-quality gaming experiences.
Snail, Inc. (Nasdaq: SNAL) announced on April 13, 2023, that Noble Capital Markets has initiated company-sponsored equity research coverage on the company. The report, led by Senior Research Analyst Michael Kupinski, aims to provide insights into Snail's performance in the interactive digital entertainment sector. Snail is recognized as a global developer and publisher, offering premium games across platforms such as consoles, PCs, and mobile devices. This new research coverage may enhance investor awareness and provide valuable data for market participants.
Snail, Inc. (Nasdaq: SNAL) reported financial results for Q4 and full year 2022, highlighting a decrease in revenue and bookings. For Q4 2022, revenue was $15.3 million, down 35% from $23.5 million the previous year, while bookings decreased 43% to $11.9 million. Daily active users of ARK: Survival Evolved increased to 264,911 in Q4, maintaining user engagement. However, full year revenue fell to $74.4 million, a 30% decline, largely due to decreased ARK sales. Net income for 2022 was $1 million, down from $7.9 million in 2021. Despite these challenges, the company is preparing for the upcoming ARK 2 release.
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