Core Insights - Snail, Inc. has achieved significant milestones in April 2025, focusing on expansions within the ARK franchise, a content milestone for Bellwright, and multiple IP launches under its indie publishing label, Wandering Wizard [1] Group 1: ARK Franchise Developments - The ARK franchise has seen two major content updates, including the return of the seasonal event "Eggcellent Adventure," which aims to enhance player retention and engagement [2] - The launch of the Extinction map in ARK: Ultimate Mobile Edition signifies a strategic move into high-growth mobile markets, aligning with the company's vision of providing premium survival experiences across various platforms [3] - Preparations are underway for the 10-year anniversary of ARK: Survival Evolved, with the upcoming release of the new expansion map DLC, ARK: Aquatica [4] Group 2: Bellwright Update - April 2025 marked the one-year anniversary of Bellwright in Early Access, featuring a major update that introduced significant new content and player-requested features, reflecting the company's commitment to long-term support and scalable IP growth [5] - Notable features in the update include new animal husbandry and advanced resource systems, allowing players to raise livestock and produce essential resources, enhancing the game's economy [6] - Additional enhancements include a full-featured fishing system, exploration improvements, quality-of-life upgrades, and narrative expansions, all aimed at increasing player engagement and retention [7] Group 3: Wandering Wizard Initiatives - Wandering Wizard has expanded its portfolio with the launch of two horror titles, "The Cecil: The Journey Begins" and "Chasmal Fear," showcasing the creativity of independent developers [9] - The acquisition of publishing rights for "Whispers of West Grove" adds another indie horror experience to Wandering Wizard's catalog, aligning with the company's strategy to identify high-potential indie IPs [10] Group 4: Overall Company Strategy - The achievements in April 2025 reflect Snail Games' ongoing execution across its core franchises, emerging IPs, and strategic publishing initiatives, as the company focuses on expanding its global reach and investing in scalable growth opportunities [11]

Core Viewpoint - Snail, Inc. continues its strategic expansion in the independent horror game sector by acquiring the publishing rights for "Whispers of West Grove," a psychological horror game developed by NVNT Studio, enhancing its revenue sources and independent game portfolio [1][2]. Group 1: Company Strategy - The acquisition reflects the company's commitment to high-growth gaming markets beyond its flagship title, ARK, with a focus on the psychological horror genre, which shows remarkable market adaptability and consumer engagement [2]. - The immersive horror game market is projected to grow at a compound annual growth rate (CAGR) exceeding 13% from 2024 to 2030, driven by the popularity of narrative-driven and emotionally immersive gaming experiences [2]. Group 2: Game Features - "Whispers of West Grove" invites players to navigate the decaying corridors of West Grove Asylum, confronting fears and battling monsters while piecing together a fragmented psyche [2]. - The game combines environmental storytelling with survival horror, featuring a narrative about a patient attempting to escape the clutches of Dr. Kade, encountering unsettling hallucinations, perplexing puzzles, and revolutionary gameplay mechanics that allow players to reshape their surroundings [2][3]. Group 3: Future Developments - More details regarding the release date and additional information about "Whispers of West Grove" will be announced in the coming months [4].

Core Insights - The company, Snail, Inc., has announced the acquisition of publishing rights for the psychological horror game "Whispers of West Grove," developed by NVNT Studios, through its indie publishing arm, Wandering Wizard [1][2] - This acquisition is part of the company's strategy to expand into high-growth gaming genres beyond its flagship content, with a focus on the psychological horror genre, which is projected to grow at a CAGR of over 13% from 2024 to 2030 [2] - "Whispers of West Grove" features immersive gameplay set in a horror environment, emphasizing narrative-driven experiences and innovative mechanics [3][7] Company Strategy - The acquisition reflects the company's commitment to diversifying its revenue streams and enhancing its indie game portfolio [1][2] - The psychological horror genre has shown resilience and strong consumer engagement, making it a strategic focus for the company [2] - The indie division, Wandering Wizard, has experienced significant growth over the past year, contributing to the company's overall publishing strategy [2][8] Game Features - "Whispers of West Grove" includes key gameplay features such as visceral combat, innovative puzzle design, atmospheric environments, a reality-bending mechanic, and a dynamic score [3][7] - The game invites players to navigate a horror-filled asylum, combining environmental storytelling with survival horror elements [3]

Core Insights - Snail, Inc. has acquired the publishing rights to "Whispers of West Grove," a psychological horror game developed by NVNT Studios, through its indie publishing arm, Wandering Wizard [1][2] - This acquisition aligns with the company's strategy to diversify its revenue streams and expand into high-growth gaming genres beyond its flagship content [2] - The immersive horror games market is projected to grow at a CAGR of over 13% from 2024 to 2030, indicating strong consumer engagement in this genre [2] Company Strategy - The acquisition reflects Snail's commitment to high-growth genres, particularly psychological horror, which has shown resilience in the gaming market [2] - The indie division, Wandering Wizard, has experienced significant growth over the past year, contributing to the company's overall publishing strategy [2] Game Details - "Whispers of West Grove" is set in West Grove Asylum, where players navigate fear and solve puzzles while escaping from a character named Dr. Kade [3] - The game features a blend of environmental storytelling and survival horror, with innovative gameplay mechanics that allow players to reshape the game world [3][7] - Key gameplay features include visceral combat, innovative puzzle design, atmospheric environments, and a dynamic score [7]

卡尔弗城，加州, April 22, 2025 (GLOBE NEWSWIRE) -- 全球领先的互动数字娱乐独立开发商和发行商 Snail, Inc. (Nasdaq: SNAL) (以下简称 “Snail Games” 或 “公司”) 宣布，其全资子公司 Interactive Films LLC (以下简称 “Interactive Films”) 已与 Mega Matrix Inc. (NYSE American: MPU) 签署了一份谅解备忘录 (MOU)。 根据这份谅解备忘录，双方将发挥各自优势，建立全面的合作框架，共同开发、制作并在全球发行短剧，进一步提升双方在娱乐行业的影响力。 Snail Games 董事长兼联席首席执行官 Hai Shi 先生表示：“今天的公告标志着互动电影在推进短剧业务线方面迈出了战略性的一步，拓展了我们与 MPU 不断增长的原创短剧产品组合。 据 WiseGuyReports¹ 预测，到 2032 年，全球迷你短剧市场将以 20.81% 的年复合增长率强劲增长，达到 256.8 亿美元。 由于流媒体服务的迅速普及和主要行业参与者的不断增加，北美尤其是短片内容的主要市场 ...

Core Insights - Snail, Inc. has signed a Memorandum of Understanding (MOU) with Mega Matrix Inc. to collaborate on the development, production, and global distribution of short dramas, enhancing their presence in the entertainment industry [1][4] Company Developments - The partnership aims to advance Interactive Films' short-drama business line and expand the portfolio of original short dramas [2] - Both companies will co-develop at least 10 short dramas over the next 12 months, utilizing their established international distribution channels [3] - The collaboration is expected to leverage Snail Games' expertise in artificial intelligence and immersive storytelling, combined with MPU's production and distribution capabilities [2][4] Market Context - The global mini program short drama market is projected to grow at a 20.81% CAGR, reaching $25.68 billion by 2032, with North America being a key market due to the rise of streaming services [2] - The increasing popularity of short dramas is driven by audience demand for binge-worthy, serialized content [2]

Core Viewpoint - Mega Matrix Inc. (MPU) has signed a Memorandum of Understanding (MOU) with Interactive Films LLC, a subsidiary of Snail Games, to collaborate on the development, production, and global distribution of short dramas, aiming to enhance their presence in the entertainment industry [1][2][4]. Company Overview - Mega Matrix Inc. operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary Yuder Pte. Ltd. [7] - Snail Games is a leading global independent developer and publisher of interactive digital entertainment, with a portfolio of premium games across various platforms [3][8]. Market Potential - The global mini-program short drama market is projected to grow from USD 5.66 billion in 2024 to USD 25.68 billion by 2032, reflecting a strong compound annual growth rate (CAGR) of 20.81% [4]. - North America is expected to generate USD 1.89 billion in revenue in 2024 for short-form content, driven by the rapid adoption of streaming services [4]. Collaboration Details - The MOU is non-binding and aims to explore co-development of a pipeline of short dramas, leveraging both companies' strengths in content creation and technology [5][6]. - MPU will oversee outsourced production and post-production to ensure high-quality content, while Snail Games will integrate its expertise in AI and interactive technologies into the storytelling process [4][6]. Strategic Importance - This partnership is a significant step for MPU in expanding its content portfolio and strengthening its position in the global short-drama industry [2][6]. - The collaboration is expected to accelerate Snail Games' entry into the short drama market and provide audiences with a diverse selection of high-quality content [6].

Core Insights - Snail, Inc. (SNAL) reported mixed results for Q4 2024, with earnings missing estimates while revenues exceeded expectations [1][3] - The company's stock declined by 3.8% in after-hours trading following the earnings release [2] Q4 Earnings & Revenues - Adjusted earnings per share (EPS) for Q4 2024 were 3 cents, missing the Zacks Consensus Estimate of 7 cents, down from 7 cents in the same quarter last year [3] - Quarterly revenues reached $26.2 million, surpassing the consensus mark of $25 million by 4.9%, but fell 8.4% from $28.6 million in the prior-year quarter, primarily due to lower sales of ARK [3] Bookings and Sales - Total bookings for the quarter were $17 million, a significant drop from $52.6 million in the prior-year quarter, attributed to the strong launch of ARK: Survival Ascended in 2023 [4] Operating Highlights - Gross profit for Q4 2024 was $11.3 million, an increase from $9.9 million in the prior-year quarter [5] - Net income for the quarter was $1.1 million, down from $2.4 million in the previous year, mainly due to a $3.0 million rise in research and development expenses [6] - EBITDA for the quarter totaled $1.6 million, compared to $3.6 million in the prior-year quarter [7] Balance Sheet - As of December 31, 2024, cash and cash equivalents were $7.3 million, down from $15.2 million a year earlier [8] - Operating lease liability, net of the current portion, decreased to $0.6 million from $1.4 million in the prior year [8] 2024 Highlights - Total net revenues for 2024 were $84.5 million, up from $60.9 million in 2023 [9] - EBITDA for 2024 was $3.2 million, a significant improvement from a loss of $9.7 million in fiscal 2023 [9] - Diluted EPS for 2024 was 5 cents, compared to a loss of 25 cents in the previous year [9]

Snail, Inc. (NASDAQ:SNAL) Q4 2024 Results Conference Call March 26, 2025 4:30 PM ET Company Participants Tony Tian - Co-Chief Executive Officer Peter Kang - SVP, Director of Business Development and Operations Heidy Chow - Chief Financial Officer Brett Milotte - Managing Director, ICR Conference Call Participants Michael Kupinski - NOBLE Capital Markets Tony Tian Welcome everyone, thank you for joining us today. I am very excited to share with you our results for the quarter and full year, as well as provid ...

Revenue Performance - Net revenues for Q4 2024 were $26.2 million, a decrease of 8.4% from $28.6 million in Q4 2023[4] - For the full year 2024, net revenues increased by $23.6 million, or 38.7%, to $84.5 million compared to $60.9 million in 2023[5] - Total revenues for the year ended December 31, 2024, were $84,467,047, an increase of 38.8% compared to $60,902,098 for the year ended December 31, 2023[25] Bookings and Sales - Bookings for Q4 2024 were $17.0 million, down from $52.6 million in Q4 2023, reflecting the strong release of ARK: Survival Ascended[8] - Full year bookings decreased to $75.7 million from $85.7 million in 2023, attributed to higher average selling prices from ARK: Survival Ascended[9] - ARK: Survival Ascended sold 3.4 million units since its launch, with an average of 94,000 daily active users and a peak of 308,000[3] Profitability - Net income for Q4 2024 was $1.1 million, down from $2.4 million in Q4 2023, due to increased R&D costs[6] - For the full year 2024, net income was $1.8 million, a significant improvement from a net loss of $9.1 million in 2023[7] - The company reported a net income of $1,831,940 for the year ended December 31, 2024, compared to a net loss of $9,086,075 in 2023, demonstrating a turnaround in profitability[25] - Net income for 2024 was $1,827,075, a significant improvement from a net loss of $9,094,424 in 2023[28] EBITDA and Financial Metrics - EBITDA for Q4 2024 decreased by 55.6% to $1.6 million compared to $3.6 million in Q4 2023[10] - Full year EBITDA increased to $3.2 million from a loss of $9.7 million in 2023, marking a $12.9 million improvement[11] Cash Flow and Liquidity - As of December 31, 2024, unrestricted cash was $7.3 million, down from $15.2 million at the end of 2023[12] - The company’s cash and cash equivalents dropped to $7,303,944 as of December 31, 2024, compared to $15,198,123 as of December 31, 2023, highlighting a need for cash flow improvement[22] - Cash flows from operating activities resulted in a net cash outflow of $1,565,124 in 2024, contrasting with a net cash inflow of $465,868 in 2023[28] - Cash and cash equivalents at the end of the period decreased to $8,238,944 from $16,314,319 at the beginning of the period[28] Expenses - Research and development expenses increased to $11,647,293 for the year ended December 31, 2024, compared to $5,057,421 in 2023, indicating a focus on innovation and new product development[25] - Operating expenses for the year ended December 31, 2024, totaled $26,341,615, up from $22,888,706 in 2023, primarily driven by increased R&D and general administrative costs[25] Assets and Liabilities - Total current assets decreased to $31,246,538 as of December 31, 2024, down from $56,650,536 as of December 31, 2023, indicating a liquidity challenge[22] - Total liabilities decreased to $58,024,202 as of December 31, 2024, from $88,056,910 in the previous year, reflecting improved debt management[22] - The total assets decreased to $62,193,364 as of December 31, 2024, from $90,857,529 as of December 31, 2023, indicating a significant reduction in the asset base[22] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25]