CoinVoice has 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 booking 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 came from three major business segments: digital asset consulting (DAA) contributed $25 million, Web3 operations revenue was $39 million, and investment management revenue was $5 million.
As of the end of September 2024, the company held $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. 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 arising from the MOCA token issuance in July. [Original link]
