Snail Inc. Reports Q1 2025 Revenue Increase to $20.1M, Bookings Rise to $22.2M; Significant Growth in ARK Franchise Sales

Reuters
05/15
Snail Inc. Reports Q1 2025 Revenue Increase to $20.1M, Bookings Rise to $22.2M; Significant Growth in ARK Franchise Sales

Snail Inc. has reported its financial results for the first quarter of 2025. The company achieved total net revenue of $20.1 million, marking an increase from the $14.1 million reported in the same period of the previous year. This growth in revenue is accompanied by a rise in Bookings, which reached $22.2 million, up from $19.6 million in the first quarter of 2024. However, Snail Inc. reported a net loss of $1.9 million for the first quarter of 2025, slightly larger than the $1.8 million net loss from the previous year. The company's EBITDA for the same period was negative, at $(3.2) million, compared to $(1.9) million in 2024. Additionally, as of March 31, 2025, Snail Inc. had unrestricted cash amounting to $9.4 million, an increase from $7.3 million as of December 31, 2024. These financial metrics reflect the company's ongoing efforts in evaluating its operating performance through the use of non-GAAP measures like Bookings and EBITDA, which are considered by management to be useful in highlighting trends in performance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Snail Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9451705-en) on May 14, 2025, and is solely responsible for the information contained therein.

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