According to Foresight News, Animoca Brands released its financial report for the second and third quarters of 2024. Its total revenue for the third quarter reached $69 million, a quarter-on-quarter increase of 43.8% and a year-on-year increase of 165%. Revenue mainly comes from three major business segments: Digital Asset Consulting (DAA) contributing $25 million, Web3 operations revenue of $39 million, and investment management revenue of $5 million.
As of the end of September 2024, it holds $248 million in cash and stablecoins, and $330 million in liquid digital assets, mainly including ETH, BTC, and APE. In addition, the company also holds $1.6 billion worth of off-balance-sheet token reserves, including SAND, EDU, MOCA, REVV, TOWER, and GMEE.
