Snail posts Q2 net revenue of $19.7 million as loss narrows 81.6%

Snail, Inc. reported second-quarter 2026 net revenue of $19.7 million, down from $22.2 million a year earlier, while net loss improved 81.6% to $3.0 million from $16.6 million. The company said the revenue decline mainly reflected weaker sales from ARK: Survival Ascended, ARK: Survival Evolved, ARK: Ultimate Mobile Edition, SaltyTV and other titles, partly offset by a $1.5 million contribution from Bellwright and a $2.8 million change in deferred revenue. Total units sold edged down to 2.0 million from 2.1 million, and bookings (sales excluding revenue deferrals) fell to $21.8 million from $27.1 million, while EBITDA widened slightly to negative $3.0 million from negative $2.4 million. For the first six months of 2026, net revenue rose 11.1% to $47.0 million, total units sold increased 13.8% to 4.2 million, bookings slipped to $48.7 million from $49.4 million, and net loss improved 95.1% to $0.9 million. Unrestricted cash stood at $13.3 million as of June 30, 2026, compared with $8.6 million at the end of 2025. Operationally, the company pointed to continued activity across the ARK franchise. In the quarter, ARK: Survival Evolved sold about 574,000 units, while ARK: Survival Ascended sold about 1.2 million units and received new content including ARK: Fantastic Tames Season 1 Pack, ARK: Genesis Part 1 Ascended, ARK: Tides of Fortune and ARK: Dragontopia. Snail also teased ARK Maker, a content creation tool, and said ARK: Ultimate Mobile Edition had reached 13.2 million downloads as of June 30, 2026. Management said the content slate, three upcoming AAA titles and new initiatives such as Egofold's AI Ranch and Non-Human Player, an AI gaming companion, support a strong second-half outlook.

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