CoinVoice has recently learned that Animoca Brands released its unaudited financial report for the second and third quarters of 2024. The data shows that the company's total revenue in the third quarter reached $69 million, a quarter-on-quarter increase of 43.8% and a year-on-year increase of 165%. The 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: it holds $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 consisting of ETH, BTC, APE, etc. The company also holds $1.6 billion in off-balance-sheet token reserves, including SAND, EDU, MOCA, REVV, TOWER, GMEE, etc.
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 from the July MOCA token issuance. [Original link]
