Animoca Brands' revenue last year was $314 million, and its consulting business revenue exceeded that of the Web3 sector

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.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Anthropic is reportedly set to reach an agreement with Goldman Sachs, Blackstone, and others to form a $1.5 billion joint venture.
PANews Newsflash