Snail USA reports 36% revenue growth, returns to profitability

Snail Games USA Chief Financial Officer Heidy Chow joined Steve Darling from Proactive to discuss the company’s financial results for the first quarter ended March 31, 2026, highlighting strong revenue growth and a return to profitability. Snail USA reported net revenue of $27.3 million for the quarter, representing a 35.7% increase compared to $20.1 million in the same period last year. The growth was primarily driven by stronger contributions from ASA and Bellwright, which added approximately $4.2 million and $2.1 million in revenue respectively, along with a $2.5 million increase in deferred revenue recognized during the quarter. These gains were partially offset by lower revenue from ARK Mobile and ASE. The company also delivered a significant improvement in profitability. EBITDA increased 173.3% to $2.4 million compared to a loss of $3.2 million in the prior-year quarter. Net income rose to $2.1 million versus a net loss of $1.9 million a year earlier. Management attributed the improved bottom line primarily to the $7.2 million increase in net revenue and a reduction in operating expenses, partially offset by higher taxes and increased cost of revenues. Operationally, total units sold climbed 42.6% to 2.2 million units, up from 1.5 million in the comparable period last year. The increase was largely driven by continued strength across the ARK: Survival Evolved franchise. Looking ahead, Snail USA expects its revenue mix to continue evolving alongside the planned launches of several new titles, including For the Stars, Nine Yin Sutra Immortal, and Nine Yin Sutra Wushu. The company also noted that multiple gaming events are scheduled throughout 2026, where additional updates on upcoming titles are expected to be shared. #proactiveinvestors #snail #nasdaq #snal #SnailInc #Gaming #VideoGames #ARKSurvivalEvolved #GameDevelopment #Entertainment #Esports #TechStocks #GamingIndustry