Snail

Q2 FY2026 EarningsQ2 FY2026 results missed consensus on the top-line but beat significantly on profitability metrics. Revenue of $19.7M fell short of the $29.0M estimate (-32.1%) due to maturing ARK: Survival Evolved sales and a measured release schedule. However, Gross Margin reached 39.1%, and the Net Loss of $3.0M (EPS -$0.36) was aided by a $14.0M reduction in tax provisions compared to the prior year. Management highlighted a strong H2 pipeline, including new ARK DLCs and upcoming AAA titles like 'For The Stars'.