The Animoca Brands reported $ 314 million in bookings for 2024, marking a 12% year-to-year increase.
Bookings is a term commonly used in the gaming sector to represent the whole income and postponed income. This includes all payments received and potential sales based on contracts that have not been fulfilled.
According to the Animoca brands, the Digital Asset Advisory (DAA) business costs $ 165 million in bookings in 2024, an increase of 116% last year. Company subsidiaries and incubated projects have formed $ 110 million in bookings, while investing activities have contributed $ 39 million.
In total, the company recorded $ 314 million in bookings for 2024, an increase of 12% compared to 2023, when the company reported $ 280 million.
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Animoca Brands expects to continue to grow because of crypto-friendly with us
Animoca’s brands co-founder and executive chairman Yat Siu told Cointelegraph that the growth of the bookings is due to their ongoing efforts to change.
As the company gained huge revenue from traditional operations, SIU said it continues to expand into new growth areas, including counseling services, real-world asset projects (RWA) and a stablecoin initiative with the usual chartered and telecommunication of Hong Kong.
Siu said the company expects continued growth by 2025, driven by part of a political climate shift to the United States. As he recognizes concerns such as potential economic risks, including tariffs introduced by President Donald TrumpHe emphasized the importance of looking at market trends in a longer context.
Among its businesses, DAA has shown the biggest growth. SIU describes the DAA as a “practical display of the benefits and power of the shared web3 network impact.”
He said the company launched the advisory business after recognizing how expertise could support portfolio companies. The rise of bookings, he said, features the success and synergy of this approach.
Opposition and AI have reduced costs by 12%
According to the report, the Animoca brands also noted that it reduced operating costs from $ 246 million from 2023 to $ 217 million in 2024, a 12% drop. The company said this was due to the initiative initiatives that began in the second half of 2023 and new artificial intelligence tools.
Siu told Cointelegraph that the optimization was prompted by the transfer of crypto dynamics and global markets. He said:
“In 2024, we put less emphasis on the US market, due to various regulation struggles experienced by other companies, and we have also been more focused on providing support to companies in our portfolio.”
Siu told Cointelegraph that the company uses artificial intelligence in various applications. This includes investment decisions, game development and cost coating. “We are still training AI agents using the experience and skills we have accumulated indoors,” Siu added.
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