Snail Q1 Revenues Jump 36% to $27.3M, EPS $0.06 Beats Estimates
SNAL•Snail’s Q1 net revenue climbed 35.7% to $27.3 million and delivered earnings of $0.06 per share, reversing a year-ago loss. ARK franchise sales reached approximately 1.97 million units (573,000 ASE and 1.4 million ASA) with ARK Mobile hitting 11.9 million downloads.
1. First Quarter Financial Results
Snail posted net revenues of $27.3 million for Q1 2026, up 35.7% from $20.1 million a year earlier. The company reported earnings of $0.06 per share, reversing a loss of $0.06 per share in the same period last year and surpassing expectations.
2. ARK Franchise Performance
ARK: Survival Evolved sold approximately 573,000 units with average daily users of 117,000 and peak of 143,000. ARK: Survival Ascended delivered 1.4 million unit sales, averaged 127,000 daily users, peaked at 188,000, while ARK Mobile reached 11.9 million downloads and 141,000 average daily users.
3. Expanded Game Portfolio Progress
Bellwright surpassed one million Steam downloads and is slated for console ports, while Echoes of Elysium, Survivor Merc’s 1.0 and Above the Snow launched on multiple platforms. New indie titles PixARK Worlds and Gobby Gang were revealed, extending the company’s diversified content pipeline.
4. Outlook and Pipeline Highlights
Management expects recognition of roughly $11 million in deferred revenue from the Genesis Part 1 remake upon its June 2026 release, alongside ARK Tides of Fortune. Additional DLC and AAA title releases, including For The Stars and Nine Yin Sutra projects, target further revenue growth over the next 12–18 months.
