Tuesday, January 30, 2024
Snail is a leading, global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs and mobile devices.
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tweaking Q4 estimates. We are lowering our Q4 revenue forecast from $38 million to $31.6 million, reflecting deferred revenue that will be recognized in 2024. Despite the deferred revenue, we are conservatively maintaining our 2024 revenue forecast.
Engaged userbase. The company held the ARKade Ambassador program, an influencer initiative, from October 25 through year end. The initiative coincided with the release of Ark: Survival Ascended on Steam and drove significant viewer engagement. In total, the ARKade content received viewership of 186,509,155 minutes.
Get the Full Report
Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
