Collector Crypt Posts Record $433.5 Million in Third-Quarter Revenue
Photo: TokenPost
Collector Crypt posted record third-quarter revenue of $433.5 million, up 8% from the previous quarter, as the Solana-based collectibles platform expanded wallet activity while monthly sales weakened after June. Gross profit reached $25.4 million, a 12% increase from the second quarter. Pack sales contributed $433.1 million of revenue, while the platform spent $408.1 million on buybacks and redemptions, equal to 94.1% of revenue. Quarterly gross margin was 5.9%. Monthly sales reached $212.2 million in June before declining to $157.3 million in July, $141.7 million in August and $134.5 million in September. September’s gross margin rose to 6.7%.
Source: TokenPost
