Animoca Brands' revenue last year was US$314 million, and its consulting business revenue surpassed the Web3 sector

PANews reported on March 5 that according to CoinDesk, Animoca Brands' annual revenue in 2024 was US$314 million, a year-on-year increase of 12%, of which the consulting business revenue was US$165 million, a year-on-year increase of 116%, surpassing the traditional Web3 business. Web3 business (game and NFT) revenue fell to US$110 million, a year-on-year decline of 40%, reflecting the company's transformation to consulting services such as token economy, listing consulting, node operations, etc. In addition, investment income and administrative expenses contributed US$39 million.

The latest year-end financial report shows that the company has cash and stablecoins reserves of US$293 million, digital assets are US$538 million, and on-chain token reserves are US$2.9 billion. Although the portfolio increased to 540 companies, the scale of private equity investment fell 18%, from $690 million to $564 million, mainly due to token unlocking, equity exits and asset impairment.