Overview

* Snail Inc ( SNAL ) 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/Mis Actual Consensu

s s

Estimate

Q2 Miss $22.20 $26 mln

Revenue mln (1

Analyst)

Q2 EPS -$0.44

Q2 Net -$16.60

Income mln

Q2 -$2.40

EBITDA 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 ( SNAL ) 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:

(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.)