Snail, Inc. Q2 FY2025 earnings call

• The second quarter was transformative with the announcement of the proprietary stablecoin project, aligning with the gaming business model and offering long-term ROI potential.
• Second quarter revenues saw a modest year-over-year increase, with meaningful growth in bookings and units sold, driven by the annual publisher sale, new content launches, and presale of ARK: Lost Colony.
• In gaming, ARK: Survival Evolved and ARK: Survival Ascended had strong performance, including participation in PS Plus and discounts leading to user base growth. The Indie publishing portfolio expanded with new titles launched.
• Interactive Films is progressing on joint development of short dramas and developing The Fame Game: Welcome to Hollywood.
• Engaged strategic partners and advisers for the stablecoin project, formed Snail Coins LLC, and initiated capital formation via ATM offering.

For the second quarter ended June 30, 2025, net revenue increased to $22.2 million compared to $21.6 million in the same period last year. Bookings rose by 18.5% to $27.1 million, and units sold increased by 58.4% to 2.1 million. The increase in net revenue was primarily due to an increase in total ARK sales, revenue from ARK: Survival Ascended in the platform subscription program, and sales of ARK Mobile. Bookings growth was driven by promotions like the annual publisher sale and presale of ARK: Lost Colony. The gaming segment, particularly the ARK franchise, contributed significantly, with ARK: Survival Ascended seeing strong engagement and downloads via PlayStation Plus, and ARK Mobile surpassing 6.9 million downloads.

• The company aims to execute a dual strategy of growing core gaming business and advancing the stablecoin road map. For gaming, there's a strong content road map including updates for ARK franchise and new titles. For stablecoin, ongoing work on regulatory framework, infrastructure, and partner engagement with progress to be shared regularly.

• Forward-looking statements are subject to risks and uncertainties where actual events may differ from expectations. - Issues with the launch of Aquatica, with a pre-branch available on Steam for rollback while working towards resolution.