Snail Inc. (NASDAQ:SNAL) shares are trending on Wednesday night.
SNAL jumped 82.08% to $0.91 in after-hours trading on Wednesday, after the California-based company reported strong first-quarter results, beating both revenue and earnings per share.
What Q1 Data Says
For the quarter ended Mar. 31, Snail’s net revenue increased 35.7% from the previous year to $27.3 million, beating analyst estimates by 51.64%. The growth was driven by strong sales of ARK: Survival Ascended (ASA), which sold 1.4 million units, along with the release of the ARK Lost Colony DLC, a canonical expansion for ASA.
Net income turned positive at $2.1 million versus a net loss in the first quarter of 2025, aided by higher revenue and reduced operating expenses.
EPS came in at $0.06, beating analyst estimates by 128.57%.
Management Commentary
CEO Hai Shi …