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Animoca Brands posts record $6m revenue for Q2 2018

Animoca Brands posts record $6m revenue for Q2 2018

Hong Kong-floated publisher Animoca Brands posted a record $6 million in quarterly revenue in Q2 2018.

The figure represents a 355 per cent growth year-on-year. The huge increase was largely put down to the sale of the company’s casual games portfolio to iCandy Interactive in a $3.8 million deal.

Revenue from its userbase meanwhile hit nearly $2.7 million, a rise of seven per cent quarter-on-quarter and 92 per cent year-on-year - also a record.

Profits for Q2 2018 came in at $193,000, making it the company's second consecutive quarter of positive cashflow.

Busy period

The news comes after a busy few months for Animoca that earlier this month saw it raise $4.5 million through a share placement.

The funds are set to be used to push forward the company’s blockchain-focused initiatives, content development, marketing, AI-related investment and potential acquisitions.

New key staff have also joined the company, including Kabam co-founder Holly Liu and Chris Whiteman as non-executive directors, former Rovio EVP of games Wilhelm Taht as strategic advisor.

Animoca has also signed a deal with Beijing Bosi Interactive to give the company exclusive Chinese distribution rights to upcoming ports of Crazy Kings.


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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