BlockBeats news, July 10, Animoca Brands today released unaudited key financial and business highlights for the year ending December 31, 2023, and a quarterly performance report ending March 31, 2024. Its bookings (signed contract amount) fell 30% from US$402 million in 2022 to US$280 million in 2023. Although bookings fell year-on-year, performance at the end of 2023 improved as the crypto market rebounded last year. Bookings in the fourth quarter of 2023 increased 59% from the previous quarter.

Animoca Brands reported $77 million in orders for digital asset consulting activities in 2023, including fees for token consulting, trading, and blockchain node operations. Sales from its subsidiaries and incubation projects were $182 million, including token sales, NFT sales, in-app purchases, and other non-blockchain sales. Animoca Brands had operating expenses of $246 million in the 12 months ending December 31, 2023, up from $234 million in 2022.

In addition, Animoca Brands has a cash and stablecoin balance of $175 million. The digital assets held on its balance sheet are $203 million. About 70% of these assets are held in a combination of BTC, ETH, APE and MATIC. Animoca Brands and its subsidiaries have off-balance sheet token reserves of approximately $1.6 billion, including approximately $930 million in liquid tokens (listed on mainstream centralized digital asset trading platforms or with a 24-hour trading volume of more than $25 million) and $665 million in low-liquidity tokens.