Snail Inc. (SNAL) delivered a blowout Q1 2026 earnings report, and the market responded in a big way. The stock jumped more than 133% in trading on May 14, after the gaming company posted results that came in well above what Wall Street had pencilled in.
Snail, Inc. Class A Common Stock, SNAL
The stock closed the previous session near $0.49 and shot up past $1.00 in pre-market trading. That move came after SNAL had already gained 4% in aftermarket trading on the night of the report itself.
EPS landed at $0.06, a dramatic swing from the analyst consensus of a loss of $0.21 per share. That’s a beat of nearly $0.27 — hard to ignore.
Snail $SNAL Q1 Earnings
Earnings Beat
Adj. EPS: $0.06
YoY: ↑ 200% (from $(0.06))
Sales: $27.295M
YoY: ↑ 35.72% (from $20.111M)— CHItrader (@CHItrader) May 13, 2026
Revenue of $27.3 million also cleared the forecast of $18.4 million by a wide margin. That figure was up 35.7% from the same quarter last year.
Net income came in at $2.1 million, compared to a net loss of $1.9 million in Q1 2025. EBITDA hit $2.4 million, up from a negative $3.2 million in the prior year period.
Total unit sales reached 2.2 million, a 42.6% jump year-over-year. Bookings came in at $26.9 million, up 21% on the same period last year.
ARK: Survival Ascended was the standout performer. The title contributed roughly 1.4 million of those 2.2 million unit sales, with average daily active users reaching 127,000 and peaking at 188,000.
Revenue from ARK: Survival Ascended rose by $4.2 million compared to the prior year quarter. Medieval survival title Bellwright also pulled its weight as a secondary growth driver.
The stock’s 133% surge is a sharp reversal for a name that had fallen 55% over the previous 12 months, trading well below its 52-week high of $2.16. Even after today’s move, it remains below that level.
CEO Hai Shi pointed to a full slate of upcoming releases. A Fantastic Tames Season 1 Expansion Pack is due in May 2026, followed by ARK: Tides of Fortune and a remake of Genesis Part 1 set for June 2026.
The company says approximately $11 million in deferred revenue is tied to the Genesis Part 1 release and will be recognized once it launches.
Three AAA titles — For The Stars, Nine Yin Sutra: Immortal, and Nine Yin Sutra: Wushu — are described as being in their final development phases. Snail has characterized these as potential franchises with “multi-year to multi-decade” lifespans.
Analysts currently forecast 13% revenue growth for full-year fiscal 2026, with EPS projected at $0.21.
“We remain focused on unlocking the value of our pipeline and delivering results,” said Shi.
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