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Snail, Inc. Reports First Quarter 2025 Financial Results

GlobeNewswire LogoGlobeNewswire3d ago

Snail, Inc. Reports First Quarter 2025 Financial Results - GlobeNewswire

Quick Summary:

The statements Snail makes regarding the following matters are forward-looking by their nature: growth prospects and strategies; launching new games and additional functionality to games that are commercially successful; expectations regarding significant drivers of future growth; its ability to retain and increase its player base and develop new video games and enhance existing games; competition from companies in a number of industries, including other casual game developers and publishers and both large and small, public and private Internet companies; its ability to attract and retain a qualified management team and other team members while controlling its labor costs; its relationships with third-party platforms such as Xbox Live and Game Pass, PlayStation Network, Steam, Epic Games Store, My Nintendo Store, the Apple App Store, the Google Play Store and the Amazon Appstore; the size of addressable markets, market share and market trends; its ability to successfully enter new markets and manage international expansion; protecting and developing its brand and intellectual property portfolio; costs associated with defending intellectual property infringement and other claims; future business development, results of operations and financial condition; the ongoing conflicts involving Russia and Ukraine, and Israel and Hamas, on its business and the global economy generally; actions in various countries, particularly in China and the United States, have created uncertainty with respect to tariff impacts on the costs of our merchandise and costs of development; rulings by courts or other governmental authorities; the Company’s current program to repurchase shares of its Class A common stock, including expectations regarding the timing and manner of repurchases made under this share repurchase program; its plans to pursue and successfully integrate strategic acquisitions; and assumptions underlying any of the foregoing.

First Quarter 2025 and Recent Operational Highlights ARK Franchise Updates: ARK: Survival Evolved ("ASE”): Units sold were approximately 690,775 for the first quarter 2025Revealed teaser trailer for ARK: Aquatica, a new in-house developed downloadable content ("DLC”) expansion map for ASE ARK: Survival Ascended ("ASA”): Units sold were approximately 751,960 for the first quarter 2025Launched the Astraeos Map as an Official Partner DLC for ASARevealed the official trailer for ARK: Lost Colony, the next DLC for ASA produced by Studio Wildcard ARK: Ultimate Mobile Edition ("ARK Mobile”) : Surpassed 4.8 million downloads as of March 31, 2025Launched the Ragnarok expansion map and the Extinction mapIn the three months ended March 31, 2025, average DAUs totaled 143,976 Game Portfolio Updates: Debuted teaser trailers for two in-house developed projects, Nine Yin Sutra: Wushu and Nine Yin Sutra: ImmortalLaunched new trailers for upcoming games: For The Stars, Honeycomb: The World Beyond, Robots at Midnight, and Echoes of ElysiumCelebrated Bellwright’s one-year Early Access anniversary in April 2025 and introduced major update with significant content and player-requested features.

The increase was primarily due to an increase in total ARK sales of $2.7 million, an increase in ARK Mobile sales of $1.3 million that was driven by the release of ARK: Ultimate Mobile Edition, and the Company deferring $3.3 million less of its sales during the three months ended March 31, 2025 than it deferred in the same period last year, partially offset by a decrease in revenues related to other games of $1.6 million.

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Article Details

Author / Journalist: Snail Games USA Inc.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 20:05:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 2143 words

Reading Time: 12 minutes read

Sentences: 42 lines

Sentence Length: 52 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28718816

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Year Established: 1998

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News Last Updated: 9 hours ago

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Publisher ID: #116

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