{"id":510946,"date":"2025-11-07T04:51:20","date_gmt":"2025-11-07T04:51:20","guid":{"rendered":"https:\/\/Blockchain.News\/news\/animoca-brands-reports-strong-financial-growth-fy2024"},"modified":"2025-11-07T04:51:20","modified_gmt":"2025-11-07T04:51:20","slug":"animoca-brands-reports-strong-financial-growth-in-fy2024","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/11\/07\/animoca-brands-reports-strong-financial-growth-in-fy2024\/","title":{"rendered":"Animoca Brands Reports Strong Financial Growth in FY2024"},"content":{"rendered":"
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Felix Pinkston<\/a> Nov 07, 2025 04:51<\/span> <\/p>\n

Animoca Brands reveals significant financial growth with a 170% YoY increase in Q4 2024 bookings, driven by digital asset advisory and Web3 ventures.<\/p>\n

\"Animoca <\/a> <\/figure>\n

Financial Performance Overview<\/h2>\n

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<\/a>.<\/p>\n

Breakdown of Revenue Streams<\/h2>\n

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.<\/p>\n

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.<\/p>\n

Cost Management and Expense Reduction<\/h2>\n

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.<\/p>\n

Asset and Investment Portfolio<\/h2>\n

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.<\/p>\n

Strategic Developments and Partnerships<\/h2>\n

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.<\/p>\n

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.<\/p>\n

Investment Management and AI Initiatives<\/h2>\n

Animoca Brands continued its investment strategy, adding over 70 new projects in 2024, including a focus on AI-themed initiatives. The company\u2019s strategic partnership with Virtuals.io aims to drive the convergence of AI and gaming technologies.<\/p>\n

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.<\/p>\n

Image source: Shutterstock<\/i><\/span> Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Felix Pinkston 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 […]<\/p>\n","protected":false},"author":1,"featured_media":510947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[3350,117,25,3187],"class_list":{"0":"post-510946","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain","8":"tag-animoca-brands","9":"tag-blockchain","10":"tag-news","11":"tag-web3"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/510946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=510946"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/510946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/510947"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=510946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=510946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=510946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}