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Snail, Inc. Reports Fourth Quarter & Full Year 2022 Financial Results
CULVER CITY, Calif., March 29, 2023 (GLOBE NEWSWIRE) -- Snail, Inc. (Nasdaq: SNAL) (“Snail” or “the Company”), a leading, global independent developer and
About this update from Snail, Inc.
[{"type":"text","content":"CULVER CITY, Calif., March 29, 2023 (GLOBE NEWSWIRE) -- Snail, Inc. (Nasdaq: SNAL) (“Snail” or “the Company”), a leading, global independent developer and publisher of interactive digital entertainment, today announced financial results for the three months and year ended December 31, 2022. Jim Tsai, Chief Executive Officer of Snail, commented: “We begin 2023 with continued strong user engagement with our ARK franchise game being installed over 36.3 million times and played for approximately 425 million hours during 2022. We are excited to leverage this continued engagement for our upcoming ARK 2 release. In April, we expect to release a detailed product roadmap so our fans can see all of the exciting content that lies ahead.” Fourth Quarter 2022, Full Year 2022 and Subsequent Business Highlights ARK: Survival Evolved. In the three-month period ended December 31, 2022, ARK: Survival Evolved averaged a total of 264,911 daily active users (“DAUs”) versus 227,992 DAUs in the prior year period. In the year ended December 31, 2022, ARK: Survival Evolved averaged a total of 305,376 DAUs versus 256,629 DAUs in the prior year. ARK units sold sustained for the fourth quarter 2022 compared to the same period last year; approximately 1.6 million vs. 1.6 million, respectively. ARK units sold during the full year 2022 was 5.5 million compared to 6.6 million during the prior year. Purchase of a standalone game, downloadable content (“DLC”), Season Pass and bundle on a specific platform each counts as a unit sold.Through December 31, 2022, total playtime for the ARK franchise amounted to 3.1 billion hours. The Company recorded a significant increase in game installs of ARK: Survival Evolved during the year ended December 31, 2022. The increase was due to the free week promotions on the Steam and Epic platforms and a subscription program on a certain platform that resulted in 36.3 million installs for the year ended December 31, 2022, as compared to 6.6 million installs for the year ended December 31, 2021.Ragnarok Expansion Map on Nintendo Switch. On February 7, 2023, the Company announced a new addition to the Nintendo Switch version of ARK: Survival Evolved. Players can now explore the free and highly acclaimed expansion map Ragnarok on-the-go, bringing a new level of excitement and adventure to the game. Fourth Quarter 2022 Financial Highli...