Nov 07, 2025 04:51
Animoca Brands reveals significant financial growth with a 170% YoY increase in Q4 2024 bookings, driven by digital asset advisory and Web3 ventures.
Financial Performance Overview
Animoca Brands Corporation Limited, a leader in digital entertainment, blockchain, and gamification, has released its unaudited financial results for the fourth quarter and full fiscal year ending December 31, 2024. The company witnessed a substantial increase in its bookings, reaching US$314 million for the year, up from US$280 million in 2023, according to Animoca Brands.
Breakdown of Revenue Streams
The Digital Asset Advisory (DAA) business emerged as a significant contributor, with US$165 million in bookings, marking a 116% year-on-year growth. The Web3 operating businesses generated US$110 million, encompassing blockchain-based sales and in-app purchases. Investment activities added another US$39 million, primarily from digital asset investments and management fees.
In Q4 2024 alone, Animoca Brands reported US$108 million in bookings, reflecting a 170% increase compared to the same period in 2023. This growth was driven by US$57 million from DAA, US$37 million from Web3 operations, and US$14 million from investment management.
Cost Management and Expense Reduction
Operating expenses for 2024 were reduced to US$217 million, down from US$246 million in 2023, thanks to strategic optimization initiatives. The company has leveraged AI tools and implemented cost reduction strategies across its subsidiaries.
Asset and Investment Portfolio
As of December 31, 2024, Animoca Brands reported cash and stablecoin balances of US$293 million, with digital assets valued at US$538 million. The company also holds minority investments in over 540 portfolio companies, with a fair value of US$564 million. Additionally, off-balance sheet token reserves were valued at US$2.9 billion, including tokens like SAND and MOCA.
Strategic Developments and Partnerships
Throughout 2024, Animoca Brands expanded its Web3 portfolio with significant projects such as Moca Network, Open Campus, and Anichess. Moca Network, in particular, secured a US$10 million funding tranche to accelerate its operations. Partnerships with major players like Square Enix and SK Planet have further positioned the company as a key player in the Web3 space.
Open Campus, a DAO focused on educational initiatives, announced plans to tokenize the US$2.2 trillion student finance market, while Anichess launched its public alpha in collaboration with Chess.com, attracting over 100,000 monthly active players.
Investment Management and AI Initiatives
Animoca Brands continued its investment strategy, adding over 70 new projects in 2024, including a focus on AI-themed initiatives. The company’s strategic partnership with Virtuals.io aims to drive the convergence of AI and gaming technologies.
In line with its commitment to innovation, Animoca Brands has supported AI incubation projects like HeyAni, which seeks to revolutionize venture capital through AI-driven feedback mechanisms.
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