According to ChainCatcher news, Animoca Brands released its unaudited financial report for the second and third quarters of 2024. The data shows that the company's 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) contributed $25 million, Web3 operational business revenue was $39 million, and investment management revenue was $5 million.
As of the end of September 2024, the company's asset situation is good: holding $248 million in cash and stablecoins, $330 million in liquid digital assets (including $218 million in available-for-sale assets and $112 million in unlocked tokens), mainly including ETH, BTC, APE, etc. In addition, the company also holds off-balance sheet token reserves valued at $1.6 billion, including SAND, EDU, MOCA, REVV, TOWER, GMEE, etc. The company's MOCA token will be listed on major Korean exchanges Upbit and Bithumb on December 16, with a trading volume exceeding $2 billion on the first day. Since the end of the U.S. elections in November 2024, the company's crypto asset value has increased by about 40%, and trading revenue has doubled.
In terms of operating expenses, the third quarter was $59 million, a quarter-on-quarter increase of 13.5%, mainly due to one-time consulting fees generated by the issuance of the MOCA token in July. The company currently holds minority stakes in over 530 portfolio companies, with business coverage including well-known projects like The Sandbox, Mocaverse, Open Campus, Anichess, and GAMEE.
