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Animoca Brands revenue climbs as AI cuts costs by 12%

cryptoweekly by cryptoweekly
March 5, 2025
in bitcoin, News
0

Animoca Brands co-founder and executive chairman Yat Siu expects continued growth through 2025 due to a more crypto-friendly regime in the US.

Animoca Brands reported $314 million in bookings for 2024, marking a 12% year-over-year increase.

Bookings is a term commonly used in the gaming sector to represent the sum of revenue and deferred revenue. It includes all payments received and potential sales based on contracts not yet fulfilled. 

According to Animoca Brands, its Digital Asset Advisory (DAA) business accounted for $165 million in bookings in 2024, a 116% increase over the previous year. The company’s subsidiaries and incubated projects generated $110 million in bookings, while its investment activities contributed $39 million.

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  • New Zealand bans crypto ATMs in crackdown on criminal cash conversions
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  • US charges 2 men over $650M OmegaPro crypto scam
  • Bitcoin lacked mass media coverage in Q2: Report
  • Crypto traders ‘starting to salivate’ as Bitcoin inches back toward $110K
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