Animoca Brands just released its key unaudited financial and business highlights for the last three months of 2021 and the first four months of 2022. This included bookings and other income of A$213m (approx. US$148m) for the three months ended on 31 December 2021 and A$827m (approx. US$573m) for the four months ended on 30 April 2022. Frankly, it’s a madhouse to say the least.

There’s a few ways to walk you through the last seven months at Animoca Brands, but for the sake of brevity and accuracy – I’m going for the shortest distance between two points – or what I’m going to coin the ‘bullet point.’

But first, for anyone that’s not been covering the House that Yat Siu Built, you’ll need a mad recap – so here it is:

 

Everything before today’s update:

For the last few years in our own Asian-Pacific backyard, every time there’s been an intersection in the digital entertainment verse – cutting-edge gaming, the blockchain, gamification strategies, digital property rights and the permanent establishment of an absolutely open metaverse for every punter who’s ever straddled a computer-  Animoca Brands seems to have been at the heart of it.

Here is a company which develops and publishes a mesmerising, sprawling portfolio of products including the REVV token and SAND token; pumps out original games like – The Sandbox, Phantom Galaxies, and Crazy Defense Heroes and at the same time delivers crackers from known properties from – oh, I don’t know –  Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E.

It’s built a fearsome battalion of subsidiaries doing the same. Serious names like The Sandbox – one of the world’s first decentralised games based on user generated content – Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Games, Eden Games, Darewise Entertainment, and Notre Game.

All the while executive chair, entrepreneur and co-founder Yat Siu finds the time, cash and enthusiasm to direct Animoca Brands’s over 340 investments across the sector, including big swings like Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and a metaverse of others.

That’s where we left off.

 

So today Animoca provided some detail on the last seven months of business, until April 30:

There’s a lot happening, so I’m going to throw some numbers at you and then go through the business step changes – remembering that Animoca Brands almost operates on cat years – which is why seven months is going to seem like a decade for most other operators.

The following results include contributions from Animoca Brands’s key business units including (aforementioned) The Sandbox, GAMEE, nWay, Blowfish Studios, Grease Monkey Games, REVV Motorsport, TOWER, Quidd, Lympo, and Forj (formerly Bondly), in addition to blockchain service revenue arising from portfolio investments and partnerships.

Key financial highlights (non-IFRS measures)

  • Bookings and other income of A$213 million for the three months ended on 31 December 2021 – up from A$184.4 million for the nine months ended 30 September 2021
  • A$827 million in bookings and other income for the four months ended on 30 April 2022. (Bookings include token sales, NFT sales including secondary sales, and other non-blockchain activities. Other income includes gains/losses of investments and digital assets holdings)
  • Portfolio investments valued at over A$2.2 billion across over 340 investments, as of 30 April 2022
  • Cash balance of A$141 million and digital assets holdings of A$304 million in the form of USDC, USDT, BUSD, ETH and BTC as of 30 April 2022
  • Other digital assets holdings including third-party tokens of A$952 million as of 30 April 2022
  • Company digital assets reserves of A$6.1 billion as of 30 April 2022, which are not reflected in the Company’s balance sheet. These reserves include the Animoca Brands tokens SAND, QUIDD, PRIMATE, REVV, TOWER, GMEE, and others.

Easy enough. Although that last one is a startling number.

 

Ok. Let’s bullet point these recent (key) business highlights:

  • Acquired Grease Monkey Games, Darewise, Eden Games, Notre Game, and BeMedia to strengthen and expand gaming and Web3 capabilities; acquired a notable educational technology company (to be announced soon)
  • Established new joint ventures including AniCube with Cube Entertainment, MetaHollywood with Planet Hollywood, and OneFootball Labs with OneFootball
  • Partnered with Yuga Labs on the Otherside project, the metaverse game of the Bored Apes Yacht Club
  • The Otherdeed mint – a sale of NFTs that will enable owners to participate in building Otherside and claim plots of virtual land in it once it publicly launches – set the record for the largest NFT mint ever conducted
  • Partnered with ApeCoin DAO and launched ApeCoin (APE)
  • Launched PRIMATE Token, which is the play-to-earn token of the Company’s mobile game Benji Bananas and is connected to the ApeCoin ecosystem
  • Phantom Galaxies, developed by subsidiary Blowfish Studios, closed its Planets private sale at US$19.3 million and began its Planets public sale
  • Expanded presence in Japan through the establishment of strategic subsidiary Animoca Brands Japan with seed round of US$10 million.
  • Animoca continues to work towards completion of its outstanding financial reporting Requirements

 

Of course, stuff’s been happening since April, but let’s just mention this:

Only last week, Animoca Brands completed the acquisition of 100% of the issued capital of Notre Game s.r.o. (Notre Game), a game development and publishing company known for Scratch Wars, the hybrid physical-digital collectible card mobile game.

Notre Game is currently developing Scratch Lords, a new play-and-earn NFT game based on the success and game mechanics of Scratch Wars.

Of the latest acquisition, Mr Siu said the team was impressed by the “innovation and boldness “ that Notre Game demonstrated with its physical-virtual hybrid game model.

“The company has a solid team with strong leadership and the kind of experience and mindset that we are looking for in our mission to contribute to the establishment of the open metaverse.”

This article was developed in collaboration with Animoca Brands, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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