According to Wu, Animoca Brands released unaudited financial reports for the second and third quarters of 2024. Total revenue in the third quarter was US$69 million, compared with US$48 million in the second quarter.
Revenue mainly comes from three business segments: digital asset consulting was $25 million in the third quarter and $16 million in the second quarter; Web3 operations was $39 million in the third quarter and $14 million in the second quarter; and investment management was $5 million in the third quarter and $17 million in the second quarter.
As of the end of September 2024, the company held $248 million in cash and stablecoins and $330 million in liquid digital assets, including ETH, BTC, APE, etc. The company also held off-balance sheet token reserves worth $1.6 billion.