Summary

  • Blockchain game and investment firm, Animoca Brands, has reported a 167% YoY increase in Q4 bookings to 314m for the 12 months ended 31 December 2024.
  • The company reported revenue of 37m from Web3 operating companies and $14m from investment management.
  • It also recorded 110m from Web3 operating businesses and $39m in investment activity.
  • Animoca said operating expenses fell 12% in 2024 due to its cost-cutting initiatives, bringing total operating expenses for the year to 246m in 2023.
  • The company reported 538m in digital assets, and $564m in fair-valued minority investment holdings.

By Dean Takahashi

Original Article