Snail, Inc. (NASDAQ:SNAL) Q3 2024 Results Conference Call November 13, 2024 4:30 PM ET

Company Participants

Tony Tian - Co-CEO
Peter Kang - COO
Heidy Chow - CFO
Brett Milotte - SVP, ICR

Conference Call Participants

Michael Kupinski - NOBLE Capital Markets

Operator

Thank you for standing by, and welcome to Snail Inc. Third Quarter 2024 Earnings Conference Call and Webcast.

I would now like to turn the call over to Brett Milotte, Senior Vice President at ICR. Please go ahead.

Brett Milotte

Thank you. Good afternoon, and welcome to Snail Inc.'s Third Quarter 2024 Earnings Conference Call and Webcast. On today's call, we have Tony Tian, Co-CEO; Heidy Chow, Chief Financial Officer; and Peter Kang, Senior Vice President, Director of Business Development and Operations.

The company's third quarter 2024 earnings press release was filed today with the SEC after the U.S. stock market closed and is available on the Investor Relations section of Snail Inc.'s website at www.snail.com or the SEC's website. During this call, management may make forward-looking statements regarding future events and the future financial performance of the company. Actual events and results may differ materially from our expectations and forward-looking statements are subject to certain risks and uncertainties.

Please refer to the company's most recent Form 10-Q that was filed today with the SEC, the most recent Form 10-K that was filed with the SEC on April 1, 2024, and other SEC filings. The company makes these forward-looking statements as of today and disclaims any duty or obligation to update them or to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Additionally, on today's call, we will refer to bookings and EBITDA, which are non-GAAP measures that provide useful information for the company's investors. You will find a historical reconciliation of bookings and EBITDA to the corresponding GAAP measures in the earnings press release and the company's SEC filings.

And now I will turn the call over to Tony Tian, Co-Chief Executive Officer of Sale. Tony?

Tony Tian

Thank you, Brett. Good afternoon, everyone, and thank you for joining us today. I'm very excited to share with you our results for the quarter as well as provide you with some updates on our games portfolio and specifically our ARK franchise.

Firstly, I would like to give a brief overview of where Snail stands today with the release of the first half of ARK: The Animated Series first season and the full-size expansion, ARK: Aberration. We are capitalizing on the increased popularity of the franchise by engaging new players and continuing to excite our existing community through innovative updates and launch within the ARK franchise. As such, we remain committed to being pioneers in the world of interactive entertainment, including strategic investments in advanced AI technologies that enhance both creativity and productivity.