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Bookings for 2024 totaled $314 million for Animoca Brands, a 12% increase over $280 million the year before. Revenue and deferred revenue, which encompass both completed sales and future contract-based income, are included in the phrase “bookings” in the gaming industry.
$165 million was donated by the company’s Digital Asset Advisory (DAA) segment, which increased 116% from the previous year. $110 million came from subsidiaries and incubated projects, and an additional $39 million came from investment activities. Yat Siu, the executive chairman and co-founder, attributed this accomplishment to the business’s ongoing innovation initiatives.
Beyond its core operations, Animoca Brands expanded into new areas like real-world asset (RWA) projects and a stablecoin partnership with Standard Chartered and Hong Kong Telecommunications. Siu remains optimistic about 2025, despite global economic uncertainties. He noted that while U.S. tariffs and regulations pose challenges, long-term market trends indicate continued growth.
Animoca Brands reduced operating expenses by 12%, from $246 million in 2023 to $217 million in 2024, even as revenue increased. The corporation ascribed this to the use of artificial intelligence and optimization initiatives that were started in late 2023.
According to Siu, AI is used in game development, investment strategies, and cost control. “We are even training AI agents using the experience and skillsets that we have accumulated in-house,” he stated.
Siu also emphasized how the U.S. market was given less attention as a result of changing global market dynamics. In order to ensure long-term survival in spite of legislative obstacles, the company instead gave priority to helping its portfolio companies.
With a strong increase in bookings, expanded Web3 initiatives, and AI-driven efficiency, Animoca Brands positions itself for sustained growth in the evolving digital asset space.