Animoca Brands Reports Significant Growth in FY2024 with Strategic Investments and Partnerships
Joerg Hiller Nov 07, 2025 05:00
Animoca Brands reveals substantial financial growth for FY2024, highlighting key investments and partnerships across Web3, AI, and gaming sectors.
Animoca Brands Corporation Limited has unveiled its unaudited financial and business highlights for the fiscal year ending December 31, 2024, showcasing significant growth across its diverse business units, including The Sandbox, Moca Network, and others, according to Animoca Brands.
Financial Performance and Key Metrics
For FY2024, Animoca Brands reported bookings of $314 million, marking an increase from $280 million in the previous year. The Digital Asset Advisory (DAA) segment contributed $165 million, reflecting a 116% year-over-year increase. Web3 operations and investment activities added $110 million and $39 million, respectively. Fourth-quarter bookings soared to $108 million, a 170% rise from the same period in 2023.
Operating expenses for the year reached $217 million, down 12% from 2023, due to company-wide optimization efforts. As of December 2024, financial assets and token reserves included $293 million in cash and stablecoins, and $538 million in digital assets, with key holdings in ETH, BTC, and others.
Strategic Business Initiatives
Animoca Brands' DAA business expanded its advisory services, recording $68 million in token advisory revenues. Moca Network, a flagship project, continued to build its digital identity infrastructure, partnering with entities like Square Enix to accelerate Web3 user onboarding.
Open Campus, in collaboration with TinyTap, aimed to tokenize the student finance sector, introducing the EDU Chain and achieving significant user adoption. Anichess, developed with Chess.com, launched its public alpha, gaining traction in Southeast Asia.
Investment and Growth in AI Sector
In 2024, Animoca Brands made strategic investments in over 70 new projects, focusing on AI, infrastructure, and DeFi. The company's investment management revenue stemmed from token sales and exits from equity positions. Noteworthy investments included AI-themed projects like Virtuals and HeyAnon.
Corporate Developments
In December 2024, Animoca Brands appointed Hall Chadwick as its group auditor, enhancing the company's audit capabilities amid rapid expansion. Additionally, partnerships with Virtuals.io and FLock.io underscored its commitment to advancing AI-driven technologies.
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