Snail (SNAL) Stock Jumps 133% After Q1 Earnings Blow Past Expectations

TLDR

• Snail Inc. stock surged over 133% after Q1 2026 earnings crushed expectations on both EPS and revenue
• EPS came in at $0.06 vs. an expected loss of $0.21 per share
• Revenue hit $27.3 million, beating the $18.4 million forecast — up 35.7% year-over-year
• ARK: Survival Ascended drove much of the growth, with 1.4 million units sold in the quarter
• The company expects ~$11 million in deferred revenue to be recognized when Genesis Part 1 launches in June 2026

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.

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 Franchise Leads the Charge

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.

Pipeline Has More Coming

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.

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