Snail Inc (NASDAQ:SNAL) shares fell 30.72% in Tuesday’s after-hours trading after the company reported second-quarter 2026 financial results.
The stock closed Tuesday’s regular session up 1.55% at $4.59 before falling to $3.18 in after-hours trading.
Snail is a global developer and publisher of interactive digital entertainment, with a portfolio that includes the ARK franchise and other games.
Q2 Revenue, Bookings Decline
Snail reported second-quarter 2026 revenue of $19.7 million, compared with $22.2 million in the same period last year.
The company said the decline was primarily driven by lower sales of ARK: Survival Ascended, ARK: Survival Evolved and ARK: Ultimate Mobile Edition, partially offset by higher revenue from Bellwright.
Bookings fell to $21.8 million from $27.1 million a year earlier, primarily due to lower sales of ARK: Survival Ascended and ARK: Survival Evolved. Total units sold declined to 2 million from 2.1 million.
Snail reported a net loss of $3 million, compared with a $16.6 million loss in the year-ago quarter. The company said the improvement was primarily driven by a reduction in the income tax provision and higher gross profit.
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ARK Pipeline And Bellwright
Snail said ARK: Survival Ascended sold approximately 1.2 million units during the quarter, while ARK: Survival Evolved sold approximately 574,000 units.
The company also highlighted the launch of Bellwright on PlayStation and Xbox, where it reached the Top 5 Paid Games list on Xbox following its console launch.
Snail said its pipeline includes additional ARK content planned through 2027, along with upcoming titles including For The Stars and 9 Yin Sutra: Immortal.
Price Action
Snail has a market capitalization of approximately $40.6 million.
The stock has a 52-week high of $10.80 and a 52-week low of $1.70.
SNAL shares were down 8.20% over the past year.
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