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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Snail
Snail (SNAL) investor relations material
Snail Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
Q3 revenue rose 139.2% YoY to $33.1M; net income was $6.7M versus a $7.9M loss, and non-GAAP EBITDA was $7.2M versus a $9.7M loss.
Results were led by ARK: Survival Ascended releases and higher ASA and Bellwright sales; management expects full-year growth versus 2025 and 2024.
Financial highlights
9M revenue increased 42.6% to $80.0M; net income was $5.8M versus a $26.4M loss, and non-GAAP EBITDA was $6.5M versus a $15.6M loss.
Q3 bookings rose 30.4% to $23.0M from $17.6M; 9M bookings increased 7.0% to $71.7M from $67.0M.
Q3 operating income was $7.2M versus a $9.9M loss; 9M operating income was $6.5M versus a $15.8M loss.
Q3 sales growth included a $13.9M change in deferred revenue, higher ASA and Bellwright sales, and Honeycomb: The World Beyond sales.
Nine-month operating cash flow was $6.1M versus $4.2M; net cash increased $3.9M.
Outlook and guidance
Management expects full-year results to grow versus 2025 and 2024; the Q4 content slate includes Fantastic Tames Season 1, Dragontopia content and the Boundless Sky World Map.
Three ASA DLCs—ARK Atlantis, Galaxy Wars and Legacy of Santiago—plus ARK Maker, Survival of the Fittest and PixARK Worlds are planned for 2027.
For The Stars and Nine Yin Sutra titles are in development; Bellwright console ports and a year-end traversal update are planned.
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Latest events from Snail
- Strong franchise engagement and innovation in AI and digital assets drive future growth.SNAL
H.C. Wainwright 28th Annual Global Investment Conference - Q2 net loss narrowed to $3.0M on $19.7M revenue, with strong new content and AI initiatives ahead.SNALQ2 2026
- Q1 2026 revenue up 35.7% YOY, driven by ARK franchise strength and digital asset innovation.SNALInvestor presentation
- Strong financials, new IPs, and AI initiatives drive growth; all proposals approved.SNALAGM 2026
- Q1 2026 revenue up 35.7% to $27.3M, net income $2.1M, driven by ARK and Bellwright.SNALQ1 2026
- Shareholders will vote on director elections and auditor ratification, with strong governance oversight.SNALProxy filing
- Strong FY 2025 results and stablecoin innovation position the company for future growth.SNALInvestor presentation
- Q2 2024 net revenue surged to $21.6M, driven by ARK franchise and new content, but risks persist.SNALQ2 2024
- Full-year revenue up 38.7% and net income positive, with major new launches set for 2025.SNALQ4 2024
Next Snail earnings date
Q4 202619 Mar, 2027
Snail
Next Snail earnings date
Q4 202619 Mar, 2027
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Frequently asked questions
Snail Inc. is a digital entertainment company specializing in the development, publishing, and operation of online and mobile games. The company offers a portfolio of games across genres such as role-playing, strategy, and action-adventure, serving players globally. In addition to gaming, Snail Inc. explores innovations in virtual reality (VR), augmented reality (AR), and blockchain technologies to enhance interactive entertainment experiences. The company is headquartered in Culver City, California, and its shares are listed on the NASDAQ.