Proactive Investors - Run By Investors For Investors

Animoca Brands outlines growth opportunities in strategy update

Blockchain gaming is booming, and Animoca Brands is a first-mover in the space.
Powerpoint presentation cover slide
At its core, Animoca develops games for mobile devices, voted a top-50 developer by PocketGamer

Animoca Brands Corporation Ltd (ASX:AB1) has identified blockchain gaming, artificial intelligence (AI), and brand licencing as areas of opportunity for the company.

In FY2018, Animoca generated operating revenue of $12.8 million, up 97%, largely from its core gaming business.

Since this time, Animoca, has made a number of partnership deals, acquisitions, and licensing agreements to continue growing revenue in FY2019.

In 2018, Animoca Brands formed strategic partnerships with industry heavyweights such as HTC, iClick, Atari, and Axiom Zen

The partnership with iClick Asia Interactive Ltd (NASDAQ: ICLK), China’s largest independent online marketing platform, was expected to generate revenues of $11 million in 2019.

READ: Animoca Brands secures $12.6 million contract; expands footprint into China

More recently, the iClick partnership produced a contract with Vigame worth $12.6 million over one year.

2019 has already been busy with a partnership with Formula 1 ® and a collaboration with Talenthouse.

READ: Animoca Brands shares continue to rise on positive news flow

View full AB1 profile View Profile

Animoca Brands Corporation Ltd Timeline

Related Articles

gambling chips
March 12 2019
Bragg’s GiveMeSport has a bigger following on Facebook than ESPN and Sky Sport
immotion vr racing game
February 06 2019
The out-of-home VR hardware and content maker turned over more than £1mln in the second half of 2018 with ‘only’ 150 or so headsets in operation, but it wants that figure to climb to over 1,000 by the end of this year
abstract technology
February 26 2019
The global provider of technology solutions to the cannabis sector has a footprint in California, but has global intentions

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use