Animoca Brands reports a sharp 167% rise in books in Q4 to $108M
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Summary
Blockchain game and investment firm, Animoca Brands, has reported a 167% YoY increase in Q4 bookings to 108m,aswellasa12314m for the 12 months ended 31 December 2024.
The company reported revenue of 57mfromitsdigitalassetadvisorybusiness,37m from Web3 operating companies and $14m from investment management.
It also recorded 165minbookingsforthedigitalassetadvisorybusiness,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 217m,downfrom246m in 2023.
The company reported 293mincashandstablecoinbalances,538m in digital assets, and $564m in fair-valued minority investment holdings.