SNAL Snail Inc.

$SNAL Since the launch of ASA, Q4 2023 and Q1 2026 were Snail's the peak revenues. When someone says this game is suffering demand loss, I don't think so! Q2 2026 revenue hurt a little bit but if the Genesis and Tides of Fortune launch had hit Q2, the story would have a $30 million dollar plus quarter. Now that's all pushed off to Q3. Tides of Fortune didn't ring as hard as Lost Colony (it's my guess) but I'm feeling like Dragontopia is ringing hard. There is a September 30 content launch, so it's a big quarter: (part of) Dragontopia + (part of) Fantastic Tames + Tides of Fortune + Genesis 1 revenue recognition + unit sales (based on Q3 last year) : ~ $34 million. + Bellwright 1.7 million. And, I can't calculate for Honeycomb or Ark Mobile but there will be some misc. So, I'm getting, at least $35.7 million (+ misc). With a high-degree of confidence, I say to you that this will be Snail's highest revenue quarter since going public.

$SNAL Player count perspective - the player count of Ark: Survival Ascended (ASA) is reasonably consistent over time. If you want to compare apples to apples, there are more players today than a year ago. But the winter months and spring months had more players. Please also note that ASA is the 63 highest selling game on Steam right now. That's respectable, even great, considering the huge number of games that players could chose to buy. You may also know that a big stability and performance update is planned for the end of this month. It's entirely possible that many players are going to wait for that and the player count will spike after that. If this company over-relies on one product, it's a very well performing product.

$SNAL I've been investigating the endurance of the Ark: Survival Ascended. The peak unit sales were approximately 1.4 million units during the first quarter of 2026 alone, marking the highest single-quarter volume the game has achieved since its October 2023 release. So, while Q2 didn't blow your hair back, you have to look at in context.