Key financial highlights for Q3 2024 and Q2 2024 (unaudited,non-IFRS measures)
- Bookings YTD through Q3 2024 totaled US$209 million, reflecting strong performance through a volatile year as outlined below.
- Bookings (1) of US$69 million in Q3 2024 and US$48 million in Q2 2024, compared with US$26 million in Q3 2023 and US$162 million in Q2 2023. Bookings in the third and second quarter of 2024 include the following:
Operating expenses of US$59 million (2) and US$52 million in Q3 2024 and Q2 2024, respectively, compared with US$60 million and US$65 million in Q3 2023 and Q2 2023, representing a 1.7% decrease in expenses YoY in Q3 2024 and 20% decrease YoY in Q2 2024.Asset balances as of 30 September 2024 include the below:
- US$25 million in Q3 2024 and US$16 million in Q2 2024 from Digital Asset Advisory (DAA), which includes fees from token advisory, blockchain node operations, and market activities;
- US$39 million in Q3 2024 and US$14 million in Q2 2024 from Web3 Operating Businesses of subsidiaries and projects incubated by the Company, which include token-based sales, in-app purchases, and other non-blockchain sales;
- US$5 million in Q3 2024 and US$17 million in Q2 2024 from Investment Management, which includes realized gains from digital asset investments and management fees from Animoca Ventures.
- Cash and stablecoin balances of US$248 million;
- Liquid third-party digital assets of US$330 million, composed of US$218 million in available-for-sale assets and US$112 million from unvested tokens in the balance sheet. Major liquid tokens held on the balance sheet include ETH, BTC, APE, and others;
- Off-balance sheet token reserves of US$1.6 billion, comprising tokens issued by Animoca Brands majority-owned Web3 subsidiaries and projects launched by Animoca Brands. These reserves include tokens such as SAND, EDU, MOCA, REVV, TOWER, GMEE, and others.
- Minority investments in over 530 portfolio companies as of the end of Q3 2024, which includes investments made by Animoca Ventures.
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