Snail Q2 revenue falls on lower ARK franchise sales
SNAL•Outlook
- Company expects strong outlook for second half of 2026 driven by new content releases
- Snail plans to release multiple ARK franchise DLCs and new titles through 2027
- Company continues to invest in internally developed AAA titles and AI gaming initiatives
Overview
- US digital entertainment developer's Q2 revenue fell yr/yr, driven by lower ARK franchise sales
- Q2 net loss narrowed 81.6% yr/yr, helped by lower income tax provision and improved gross profit
- Company continues to invest in new AAA titles and AI gaming initiatives
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $19.70 mln | $29 mln (1 Analyst) |
| Q2 Net Loss | $3 mln | ||
| Q2 EBITDA | -$3 mln |
- 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 $87.50, about 1,835.8% above its August 10 closing price of $4.52
- The stock recently traded at 1 times the next 12-month earnings vs. a P/E of 6 three months ago
