Animoca Brands Corporation Limited, commonly known as Animoca Brands, has released its investor update for the period ending on December 31, 2022. In this update, the company shares its unaudited financial and business highlights for the fiscal year 2022, shedding light on its performance, key accomplishments, and strategic initiatives.
Financial Highlights
The company’s performance in FY2022 reflects its robust growth across various business units, including The Sandbox, GAMEE, nWay, Blowfish Studios, and more. Bookings, a critical financial metric, surged to A$594 million (approximately US$402 million) for the 12 months ending December 31, 2022, compared to A$428 million in the previous year. Notably, this encompasses token sales, NFT sales, and other activities beyond the blockchain realm.
Strategic Moves
Animoca Brands executed several strategic initiatives in 2022 to fortify its position in the market. The company successfully raised funds through equity and convertible debt rounds, attracting new strategic investors. These capital injections, including a substantial US$358,888,888 and US$75,320,000 in equity raises, enabled the company’s expansion and innovative endeavors. In a bid to broaden its global reach, Animoca Brands ventured into the Japanese market, raising significant funding in its seed round.
The year was also marked by strategic acquisitions. Animoca Brands acquired six companies, including Grease Monkey Games, Life Beyond Studios, Notre Game, TinyTap, Be., and PIXELYNX. These acquisitions aimed to diversify the company’s offerings and leverage expertise from various sectors of the industry.
Web3 Services and Leadership
A noteworthy development in 2022 was the launch of Animoca Brands’ Web3 services business. Leveraging its extensive experience in implementing tokens and NFTs, the company provided guidance to Web2 and Web3 companies seeking to integrate these technologies into their business models. The success of this venture was evident with Web3 services contributing approximately US$120 million in total bookings for the year.
Product Innovations
The company introduced several innovative products in 2022. Phantom Galaxies, an open-world mech combat game by Blowfish Studios, raised substantial funds through a Planet Private Sale. TinyTap, a subsidiary, launched and sold its first Publisher NFTs, highlighting the growing prominence of NFTs in the education sector. Mocaverse, Animoca Brands’ official PFP NFT collection, was unveiled to bolster its Web3 and metaverse-focused projects.
Investor Day
Animoca Brands will be hosting an Investor Day in Sydney on September 11, 2023. This event offers investors the opportunity to gain deeper insights into the company’s strategies and direction. It is important to note that the Investor Day is an in-person event and requires prior RSVP.
Final Thoughts
Animoca Brands’ investor update paints a picture of a dynamic and growth-oriented company. With impressive financial highlights, strategic moves, leadership enhancements, and innovative product launches, the platform continues to thrive in the evolving digital entertainment and blockchain landscape.
Roi is an ardent writer specializing in GameFi, DeFi, and Web3, possesses extensive experience with renowned GameFi companies and crypto news platforms.
