Snail(US:SNAL)2024-11-15 19:50Financial Data and Key Metrics Changes - For Q3 2024, Snail Inc. reported net revenue of $22.5 million, a significant increase from $9.0 million in Q3 2023, driven by the release of new DLCs and increased sales [9][17] - Net income for Q3 2024 rose to $0.2 million compared to a net loss of $4.4 million in Q3 2023, reflecting the increase in net revenue [10][17] - Bookings for Q3 2024 were $16.1 million, up from $10.5 million in Q3 2023, marking a 53.6% increase [18] - EBITDA for Q3 2024 was $0.5 million, a turnaround from a loss of $5.1 million in the prior year, indicating a 109.7% increase [20] Business Line Data and Key Metrics Changes - The ARK franchise saw a revenue increase of $8.2 million from the release of ARK: Aberration and part 2 of Bobs Tall Tales, contributing significantly to overall revenue growth [9][17] - Total ARK sales increased by $5.9 million, while Bellwright sales rose by $1.0 million, showcasing strong performance across key titles [9][17] Market Data and Key Metrics Changes - The ARK franchise has been played for 3.8 billion hours, with an average playtime of 162 hours per user, indicating strong engagement [8] - The top 21.2% of players have spent over 100 hours in the game, reflecting a dedicated player base [8] Company Strategy and Development Direction - The company is focusing on strategic investments in advanced AI technologies to enhance creativity and productivity within its gaming portfolio [6] - Snail Inc. is committed to quality content delivery, with a new DLC release strategy of every three months for the ARK franchise, emphasizing quality over quantity [14] Management Comments on Operating Environment and Future Outlook - Management expressed excitement about the success of the ARK franchise and the positive reception of new content, indicating a strong outlook for continued player engagement [6][8] - The company is optimistic about the upcoming releases, including ARK: Ultimate Survivor Edition on mobile platforms, which aims to expand its audience [15] Other Important Information - The company has successfully launched Bellwright, which has sold over 380,000 units and received positive reviews, indicating a strong market presence [10][11] - Snail Inc. has expanded its indie publishing label, Wandering Wizard, with new titles set to release in Q1 2025, showcasing its commitment to diversifying its game offerings [12][13] Q&A Session Summary Question: How did the Steam summer sale affect the quarter and sales? - Management noted that the summer sale was successful, leading to increased unit sales and improved gross profit for the quarter [22] Question: Any updates on The Animated Series viewership and interest for another season? - Management stated that updates on viewership belong to their distribution partner, Paramount+, and they are not at liberty to disclose specific analytics [23]