Animoca Brands reported third-quarter booking revenue of $69 million and holds $330 million in liquid digital assets
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 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 primarily comes from three major business segments: Digital Asset Advisory (DAA) contributed $25 million, Web3 operations generated $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, and $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, and others. The company also holds $1.6 billion in off-balance-sheet token reserves, including SAND, EDU, MOCA, REVV, TOWER, GMEE, and others.In terms of operating expenses, the third quarter amounted to $59 million, a quarter-on-quarter increase of 13.5%, primarily due to one-time consulting fees incurred from the MOCA token issuance in July.