Overview

* Snail Q3 revenue misses analyst expectations

* Bookings increased 9.3% yr/yr, driven by ARK franchise sales and promotions

* Company advancing stablecoin initiative, aiming for digital payments integration

Outlook

* Snail expects to recognize $5.8 mln of deferred revenue in Q4 2025

* Snail advancing stablecoin infrastructure and regulatory approvals

Result Drivers

* ARK FRANCHISE SALES - Increased sales from ARK: Survival Ascended and ARK: Aquatica contributed to bookings growth

* DEFERRED REVENUE IMPACT - Deferred revenue increased by $10.9 mln, affecting current top-line performance but expected to boost future revenue

* STABLECOIN INITIATIVE - Snail is progressing in developing stablecoin infrastructure, aiming to integrate digital payments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $13.8 $22 mln

Revenue mln (1

Analyst)

Q3 Net -$7.90

Income mln

Q3 -$9.70

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 $3.50, about 72.5% above its November 11 closing price of $0.96

Press Release:

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(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.)