Snail Games stock price fluctuates, Q3 revenue declines but business remains stable

2026-02-20 18:41:20

The Economic Observer reported that Snail Games’ stock price has experienced fluctuations recently. In the third quarter of 2025, revenue declined year-over-year, but management stated that the company’s fundamentals remain stable and plans to launch new content to drive growth.

Recent Stock Performance

In December 2025, Snail Games’ stock price saw multiple fluctuations. For example, on December 29, the stock surged 6.20% to $0.972 per share, and on December 19, it increased 5.06% to $0.935 per share. These movements may be related to market sentiment or overall industry trends, but the company has not announced specific catalysts.

Operational Performance

According to the Q3 2025 earnings report (as of September 30), the company’s net revenue was $13.8 million, a 38.7% decrease year-over-year. However, management emphasized that the business fundamentals remain stable, highlighting strong and steady performance of the Ark series games, progress in the stablecoin project, and plans to release the Ark: Lost Colony DLC in the fourth quarter to boost growth. Additionally, deferred revenue increased significantly, with an estimated $26.5 million to be recognized within the next 12 months.

Industry Policies and Environment

The gaming industry overall showed growth in 2025, with rapid increases in console and mini-program games. China’s self-developed games saw a 10.23% year-over-year increase in overseas revenue. As a global developer, Snail Games’ business may be influenced by industry technological integration (such as AI applications) and globalization strategies.

Currently, institutions have not provided a recent rating recommendation for Snail Games. Future notable events to watch include quarterly financial reports (such as Q4 2025 results), product updates, or strategic developments, though specific timelines have not been publicly disclosed.

The above information is compiled from publicly available sources and does not constitute investment advice.

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