Snail, Inc.

Thank you for standing by, and welcome to Snail Inc.' 's third quarter 2023 earnings conference call and webcast. I would now like to turn the call over to Jake Pisano, Vice President at ICR. Thank you. Please go ahead.

Thank you. Good afternoon, and welcome to Snail Inc.' 's third quarter 2023 earnings conference call and webcast. On today's call are Jim Tsai, Snail's Chief Executive Officer, and Heidi Chow, Snail's Chief Financial Officer. By now, everyone should have access to the company's third quarter 2023 earnings press release filed today after market close. This earnings press release is available on the investor relations section of Snail Inc.' 's website at www.snail.com. 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 risks and uncertainties. Please refer to the company's most recent 10Q, 10K, and other SEC filings. The company makes these forward-looking statements as of today and disclaims any duty to update them. On today's call, we will refer to bookings and EBITDA, which are non-GAAP financial 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 Jim.

Thank you, Jake, and hello, everyone. It's a pleasure to speak with you about our third quarter results. About two weeks ago, we launched the highly anticipated ARP remake, ARP Survival Ascended. We are incredibly proud of the snail and studio wildcard teams and appreciate all the passion, effort, and creativity in getting this game in front of millions of players. As today, we have sold over 600,000 ARK Survival Ascended copies on the Steam platform. During the first 10 days following the ARK Survival Ascended launch, we sold 1.5x units compared to the same 10 day period of the original ARK Survival Evolved launch. For the same 10 day period, Survival Ascended had an average daily active users of 258,000, which is a healthy increase of 7.5x of the average daily active user observed during the same 10-day period of the original art. Survival Evolved Launch. The increased daily active user reflects our commitment to creating an enjoyable experience for our player base. Oh, in addition to unit sold and daily active user, we are seeing tremendous excitement and commitment in our player base. ARK Survival Ascended players have amassed over 14.8 million hours of playtime to date. We are thrilled to participate in this successful ARK Survival Ascended launch as the number of units sold on Steam has exceeded our expectations. We are making significant progress on our strategy to build communities, attract and retain new and existing players, and continue growing our ARK player base. We know we have a passionate and excited fan base. Our fans have been playing ARK for eight years, and now they can enjoy a fully reimagined version using the next generation of video game technology with Unreal Engine 5. We are excited about the upcoming release of the Art Survival Ascended Xbox version and the PlayStation version with cross-platform play with Steam on day one. Art Survival Ascended will also feature full cross-platform modding between the consoles and PC, enabling user-generated content monetization opportunities to create a shared economy with our loyal fan base. This virtuous monetization cycle will allow Ark Survival Ascended to transform into evergreen content with an extended life cycle. With the launch of Ark Survival Ascended, we are thrilled to see existing players forging their way to the reimagined version of the game. Our player base in Ark Survival Evolved is active, and we look forward to transitioning those players to experience the new, reimagined version of Ark. I will now hand it over to Heidi to review our financial highlights from the quarter.