Digital entertainment firm Snail posts Q2 net loss

Snail

19/08/2025 20:11

Overview

Snail Inc Q2 revenue of $22.2 mln vs $21.6 mln year ago

Net loss for Q2 was $16.6 mln, compared to $2.3 mln profit last year

Company announced development of proprietary stablecoin, marking strategic shift

Outlook

Snail plans to launch ARK: Lost Colony later this year

Company sees strong potential in stablecoin functionality

Snail focuses on expanding indie game portfolio

Result Drivers

ARK FRANCHISE - Increased sales and downloads from ARK franchise, including ARK: Survival Ascended and ARK Mobile, drove revenue growth

OPERATING EXPENSES - Higher costs in headcount, R&D, and marketing contributed to net loss

STABLECOIN INITIATIVE - Development of proprietary stablecoin marks strategic shift, aligning with digital financial innovation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$22.20 mln
$26 mln (1 Analyst)
Q2 EPS
-$0.44
Q2 Net Income
-$16.60 mln
Q2 EBITDA
-$2.40 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Snail Inc is $4.00, about 75.6% above its August 18 closing price of $0.98

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNX2Vh2jP

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)