PANews reported on March 5 that according to CoinDesk, Animoca Brands' full-year revenue in 2024 was $314 million, a year-on-year increase of 12%, of which consulting business revenue was $165 million, a year-on-year increase of 116%, surpassing the traditional Web3 business. Web3 business (games and NFT) revenue fell to $110 million, a year-on-year decline of 40%, reflecting the company's transformation to consulting services such as token economy, listing consulting, and node operations. In addition, investment income and management expenses contributed $39 million.
The latest year-end financial report shows that the company has $293 million in cash and stablecoin reserves, $538 million in digital assets, and $2.9 billion in on-chain token reserves. Although the investment portfolio has increased to 540 companies, the scale of private equity investment has dropped by 18%, from $690 million to $564 million, mainly due to token unlocking, equity exit and asset impairment.
