Snail, Inc. Class A (SNAL)

Snail, Inc.'s stock price has experienced a significant decline, falling by approximately 47.87% from December 23, 2024, to December 19, 2025, and underperformed both the US Entertainment industry and the broader US Market over the past year. In Q2 2025, Snail reported a net revenue increase year-over-year but posted a net loss of $16.6 million, and in Q3 2025, the company reported a net loss of $7.9 million and a decrease in net revenue to $13.8 million. Snail announced its intention to explore and develop a proprietary stablecoin, $USDO, as part of its digital asset strategy. The company announced high engagement across its core IPs, with titles like Bellwright reaching yearly peaks in concurrent users and ARK: Survival Ascended seeing increased concurrent users after DLC launches, and ARK: Ultimate Mobile Edition surpassed 10 million downloads. Snail outlined a content roadmap extending through 2027, including planned releases such as ARK: Survival of the Fittest and Bob's True Tales: Tides of Fortune, and the launch of ARK: Lost Colony DLC in December 2025 was anticipated to positively impact Q4 revenue. Snail, Inc. participated in the 2026 ICR Conference from January 12-14, 2026.

Demand for Snail, Inc.'s products and services is significantly influenced by new content releases, updates, and sales promotions. Increased bookings were driven by the release of ARK: Survival Ascended DLCs and sales promotions for ARK: Survival Evolved. The launch of new maps and expansion passes, such as ARK: Lost Colony, also generates substantial pre-sales and is expected to positively impact revenue. Demand for Snail's games is event-driven, with peaks occurring around major game updates, expansions, and promotional activities rather than strict seasonal patterns tied to specific times of the year.

Snail, Inc. is a global independent developer and publisher of interactive digital entertainment, operating in the Communication Services sector, specifically in the Electronic Gaming & Multimedia or Packaged Software industry. Headquartered in Culver City, California, the company researches, develops, markets, publishes, and distributes interactive digital entertainment worldwide, offering a range of games designed for consoles, personal computers, mobile phones, and tablets. Key titles and franchises include ARK: Survival Evolved, ARK: Survival Ascended, ARK: Ultimate Mobile Edition, Last Oasis, PixARK, ATLAS, ARKII, Expedition Agartha, ARK Park, Outlaws of the Old West, Dark and Light, ZCREW, Bellwright and West Hunt. The company also has initiatives in digital payments, including the development of its own proprietary stablecoin, $USDO.

Snail, Inc. is headquartered in Culver City, California, United States and distributes its interactive digital entertainment globally, indicating a worldwide market presence for its products.

Snail, Inc.'s brand reputation has been influenced by positive developments in player engagement and strategic initiatives, alongside financial challenges. High engagement across its core IPs, with games like Bellwright and ARK: Survival Ascended achieving new concurrent user highs following updates and DLC releases, and the expansion of the ARK franchise to mobile platforms with ARK: Ultimate Mobile Edition, surpassing 10 million downloads, contributes positively to its reach and reputation. The announcement and ongoing development of a proprietary stablecoin, $USDO, and other digital asset initiatives, signal the company's forward-thinking approach. However, the company's financial performance, including net losses in Q2 and Q3 2025 and the underperformance of its stock compared to the industry and market, could pose challenges to its brand reputation among investors.

Snail, Inc. has a mix of institutional and individual insider ownership. Individual insiders hold a significant portion of the company's stock, with Ying Zhou and Hai Shi each owning 28,748,580 shares, representing 76.16% of the company. Other notable individual insiders include Hua Yuan International Ltd, Qianrong Capital Ltd, Xiaoming Ye, Suzhou Ding Rong Investment Management Ltd, Ancient Jade East Holdings Ltd, Sandra Pundmann, and Neil Foster. As of December 19, 2025, Snail, Inc. had 14 institutional owners and shareholders holding a total of 434,866 shares, including Connective Capital Management, LLC, Vanguard Group Inc, Geode Capital Management, Llc, Evergreen Capital Management Llc, Susquehanna International Group, Llp and Alpine Global Management, LLC.