Latest news with #SNAL
Yahoo
15-05-2025
- Business
- Yahoo
Snail Q1 Earnings & Revenues Surpass Estimates, Stock Down
Snail, Inc. SNAL reported first-quarter 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The top line increased year over year, while the bottom line declined from the prior-year quarter's figure. Following the results, SNAL's shares lost 2.5% in the after-hours trading session the first quarter, the company reported robust user engagement. Daily active users on Steam and Epic platforms climbed 16% year over year to 243,000, driven by the release of new maps and DLCs for ARK: Survival Evolved, ARK: Survival Ascended and the mobile version. The franchise's mobile title, ARK: Ultimate Mobile Edition, has maintained solid momentum since its launch last quarter, helping broaden the ARK audience by removing hardware limitations and attracting a wider player a strategic move to diversify its content offerings beyond gaming, the company signed a memorandum of understanding with Mega Matrix to co-develop at least 10 short dramas. To support this effort, Snail soft-launched Salty TV. As the company works to finalize this agreement, it remains focused on expanding its global footprint, driving scalable growth and delivering innovative, cross-platform experiences across gaming and entertainment throughout the remainder of 2025. For the first quarter of 2025, SNAL reported an adjusted loss per share of 6 cents, narrower than the Zacks Consensus Estimate of a loss of 11 cents. The company reported an adjusted loss per share of 5 cents in the prior-year quarter. Snail, Inc. price-consensus-eps-surprise-chart | Snail, Inc. Quote Quarterly revenues of $20.1 million beat the consensus mark of $18 million by 11.7%. The top line increased 42.5% from $14.1 million reported in the year-ago quarter. The upside was driven by a $2.7 million rise in total ARK sales and a $1.3 million boost in ARK Mobile sales, fueled by the launch of ARK: Ultimate Mobile the quarter, bookings totaled $22.2 million compared with $19.6 million reported in the prior-year quarter. The upside was largely attributed to the release of the ARK: Survival Ascended DLC Astraeos in early 2025, along with the prior-year launches of Bob's Tall Tales and Bellwright in the latter part of 2024. During first-quarter 2025, gross profit came in at $5.8 million compared with $2.1 million reported in the prior-year loss in the first quarter came in at $1.9 million compared with $1.8 million reported in the prior-year quarter. The decline was primarily due to increased cost of revenues and operating expenses, reflecting expanded headcount as well as elevated research, development and marketing during the quarter came in at a loss of $3.2 million, compared to a loss of $1.9 million in the prior-year period. The decline was mainly due to a $1.0 million increase in income tax benefit, a $0.3 million reduction in interest expense and a $0.1 million rise in net loss. These factors were partially offset by a $0.1 million decline in both interest income and interest income from related parties. As of March 31, 2025, cash and cash equivalents amounted to $9.3 million compared with $7.3 million as of Dec. 31, 2024. Snail currently has a Zacks Rank #4 (Sell).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Norwegian Cruise Line Holdings Ltd. NCLH reported first-quarter 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. Both the top and bottom lines decreased on a year-over-year in the quarter were hurt by a 2% decline in Capacity Days, stemming from a higher number of Berths out of service due to larger ships undergoing dry-dock, as well as a strategic move to reduce passenger air participation rates. For 2025, Norwegian Cruise anticipates occupancy to be approximately 102.5% compared with the prior guidance of 103.4% and Capacity Days to be about 24.545 Resorts International MGM reported first-quarter 2025 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines declined from the prior-year quarter's remains optimistic about the outlook for the rest of 2025, supported by strong forward bookings and expectations for record hotel performance in April on the Las Vegas Strip. MGM Resorts stated progress on the $200 million EBITDA enhancement plan and expects more than $150 million to be realized in Entertainment, Inc. CZR reported mixed first-quarter 2025 results, with earnings missing the Zacks Consensus Estimate and revenues surpassing the same. Nonetheless, both the top and bottom lines improved on a year-over-year Entertainment's first-quarter performance was driven by record results in the Digital segment. Growth in the regional segment, supported by recently opened properties and solid performance in Las Vegas, despite a tough comparison to last year's Super Bowl period, also aided the quarter's performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MGM Resorts International (MGM) : Free Stock Analysis Report Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report Snail, Inc. (SNAL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-04-2025
- Business
- Yahoo
Mega Matrix Subsidiary Yuder PTE. LTD. Signs MOU with Snail Games (Nasdaq: SNAL) for Joint Short-Drama Development
SINGAPORE, April 21, 2025 /PRNewswire/ -- Mega Matrix Inc. (NYSE American: MPU) announced that Yuder Pte. Ltd. ("Yuder"), a indirectly wholly owned subsidiary of it, has signed a Memorandum of Understanding (MOU) with Interactive Films LLC ("Interactive Films"), a subsidiary of Snail, Inc. (Nasdaq: SNAL) ("Snail Games"), a leading global independent developer and publisher of interactive digital entertainment. Under this MOU, both parties will leverage their respective strengths to establish a comprehensive collaboration framework for the joint development, production, and global distribution of short dramas, further enhancing their presence in the entertainment industry. Mr. Yucheng Hu, CEO of MPU, also commented, "This partnership marks an important step for MPU as we expand our content portfolio and strengthen our presence in the global short-drama industry. Short dramas are seeing increasing popularity, with audience demand for binge-worthy, serialized content on the rise. With Snail Games' growing integration in artificial intelligence (AI) in its development pipeline and its track record of immersive, story-driven digital entertainment, combined with MPU's established production and distribution capabilities, we believe this collaboration has the potential to deliver engaging content that resonates with global audiences". Snail Games (NasdaqCM: SNAL) is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs and mobile devices. Mr. Hai Shi, Chairman and Co-CEO of Snail Games, commented, "Today's announcement marks the official launch of our short-drama business. According to WiseGuyReports, the global mini-program short drama market is projected to expand from USD 5.66 billion in 2024 to USD 25.68 billion by 2032, reflecting a strong CAGR of 20.81%. North America, a key market for short-form content, is expected to generate USD 1.89 billion in revenue in 2024, driven by the rapid adoption of streaming services and the growing presence of major industry players. This upward trend underscores the increasing consumer demand for short-form video content, presenting a timely opportunity for our collaboration with MPU to deliver engaging short dramas to audiences worldwide." Under the non-binding, non-exclusive MOU, through Yuder and Interactive Film, MPU and Snail Games will explore collaboration on the creative direction and script development of short dramas, production and global distribution of short-form dramas. Leveraging its experienced in-house team and extensive expertise in short-drama production, MPU will oversee outsourced production and post-production to ensure high-quality content. Additionally, Snail Games' expertise in AI and interactive technologies, honed through game development, may be integrated into personalized recommendations and interactive storytelling, delivering a next-generation immersive viewing experience for audiences. Although the MOU is non-binding, it reflects the parties' shared intention to explore co-development of a pipeline of short dramas. By utilizing their well-established international distribution channels in gaming and micro-drama markets, these productions will quickly reach audiences across North America, Southeast Asia, and other global regions, further amplifying both companies' influence in the global entertainment the terms of the MOU, the parties intend to enter into definitive agreement within 45 days. This strategic partnership marks a significant step of the short drama business for Snail Games and a significant milestone in MPU's expansion within the entertainment industry. By aligning with Snail Games, MPU can integrate both parties' strengths in content creation and technology while leveraging MPU' global distribution resources to accelerate the worldwide rollout of short dramas. This collaboration is expected to accelerate Snail Games' entry of the short drama market while providing audiences with a diverse selection of high-quality short dramas. About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@ or visit: About Snail Games: Snail Games (NasdaqCM: SNAL), is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs and mobile devices. For more information, please visit: Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: that Yuder and Interactive Films will enter into definitive agreements; that the mini-program short drama market will continue to expand as anticipated; the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission ("SEC"), including the Company's latest annual report on Form 20-F, filed with the SEC on March 28, 2025, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Disclosure Channels We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels: X (f/k/a Twitter): Facebook: LinkedIn: TikTok: YouTube: The Company will also use its landing page on its corporate website ( to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website. For inquiries, please contact: Info@ View original content to download multimedia: SOURCE Mega Matrix Inc.
