Animoca Brands’ third quarter revenue was US$69 million, up 43.8% from the previous quarter

Animoca Brands released its Q2-Q3 2024 financial report. Its Q3 total revenue reached $69 million, an increase of 43.8% QoQ and 165% YoY. Revenue mainly comes from three major business segments: Digital Asset Advisory (DAA) contributed $25 million, Web3 operations revenue contributed $39 million, and investment management revenue contributed $5 million.

As of the end of September 2024, it holds cash and stable coins worth $248 million, and liquid digital assets worth $330 million, mainly including ETH, BTC, and APE. In addition, the company also holds off-balance sheet token reserves worth $1.6 billion, including SAND, EDU, MOCA, REVV, TOWER, GMEE, etc.