Snail (SNAL) Q2 FY26 earnings call

Snail, Inc. reported a mixed Q2 FY26 with revenue and bookings declines driven by maturing ARK titles, though Bellwright's console launch provided a notable offset. The company significantly improved its net loss and cash position, benefiting from reduced licensing fees and deferred revenue recognition. Management is actively diversifying its portfolio with a robust gaming content pipeline and a new AI companion initiative, NHP, alongside continued progress on its stablecoin project, USDO.