Animoca Brands Earnings 2020: Deferred Revenue Increases from $6.947M to $27.89M

Animoca Brands released its 2020 financial report originally scheduled to be released in 2022. The financial report shows that in 2020, Animoca Brands' deferred revenue increased from US$6.947 million to US$27.89 million, an increase of 401.5%. Plus, Animoca Brands has grown from fewer than 200 employees to about 1,000 employees since 2020. Animoca Brands explained that the reasons for the delay in the release of financial reports include factors such as the epidemic.