diff --git a/packages/react-native/src/private/animated/__tests__/useAnimatedPropsMemo-test.js b/packages/react-native/src/private/animated/__tests__/createAnimatedPropsMemoHook-test.js
similarity index 99%
rename from packages/react-native/src/private/animated/__tests__/useAnimatedPropsMemo-test.js
rename to packages/react-native/src/private/animated/__tests__/createAnimatedPropsMemoHook-test.js
index 40c1c2c2f99..51f71851e17 100644
--- a/packages/react-native/src/private/animated/__tests__/useAnimatedPropsMemo-test.js
+++ b/packages/react-native/src/private/animated/__tests__/createAnimatedPropsMemoHook-test.js
@@ -14,7 +14,7 @@ import AnimatedValue from '../../../../Libraries/Animated/nodes/AnimatedValue';
 import {
   areCompositeKeysEqual,
   createCompositeKeyForProps,
-} from '../useAnimatedPropsMemo';
+} from '../createAnimatedPropsMemoHook';
 
 describe('createCompositeKeyForProps', () => {
   describe('with allowlist', () => {
diff --git a/packages/react-native/src/private/animated/createAnimatedPropsHook.js b/packages/react-native/src/private/animated/createAnimatedPropsHook.js
index 9c608dd7ebb..2c565b926e2 100644
--- a/packages/react-native/src/private/animated/createAnimatedPropsHook.js
+++ b/packages/react-native/src/private/animated/createAnimatedPropsHook.js
@@ -18,8 +18,8 @@ import AnimatedValue from '../../../Libraries/Animated/nodes/AnimatedValue';
 import {isPublicInstance as isFabricPublicInstance} from '../../../Libraries/ReactNative/ReactFabricPublicInstance/ReactFabricPublicInstanceUtils';
 import useRefEffect from '../../../Libraries/Utilities/useRefEffect';
 import * as ReactNativeFeatureFlags from '../featureflags/ReactNativeFeatureFlags';
+import {createAnimatedPropsMemoHook} from './createAnimatedPropsMemoHook';
 import NativeAnimatedHelper from './NativeAnimatedHelper';
-import {useAnimatedPropsMemo} from './useAnimatedPropsMemo';
 import {
   useCallback,
   useEffect,
@@ -49,6 +49,8 @@ type AnimatedValueListeners = Array<{
 export default function createAnimatedPropsHook(
   allowlist: ?AnimatedPropsAllowlist,
 ): AnimatedPropsHook {
+  const useAnimatedPropsMemo = createAnimatedPropsMemoHook(allowlist);
+
   return function useAnimatedProps<TProps: {...}, TInstance>(
     props: TProps,
   ): [ReducedProps<TProps>, CallbackRef<TInstance | null>] {
@@ -58,7 +60,7 @@ export default function createAnimatedPropsHook(
 
     const node = useAnimatedPropsMemo(
       () => new AnimatedProps(props, () => onUpdateRef.current?.(), allowlist),
-      [allowlist, props],
+      props,
     );
 
     const useNativePropsInFabric =
diff --git a/packages/react-native/src/private/animated/useAnimatedPropsMemo.js b/packages/react-native/src/private/animated/createAnimatedPropsMemoHook.js
similarity index 90%
rename from packages/react-native/src/private/animated/useAnimatedPropsMemo.js
rename to packages/react-native/src/private/animated/createAnimatedPropsMemoHook.js
index 1f093c205a9..e12cb40ab1c 100644
--- a/packages/react-native/src/private/animated/useAnimatedPropsMemo.js
+++ b/packages/react-native/src/private/animated/createAnimatedPropsMemoHook.js
@@ -48,43 +48,50 @@ type $ReadOnlyCompositeKeyComponent =
   | $ReadOnlyArray<$ReadOnlyCompositeKeyComponent | null>
   | $ReadOnly<{[string]: $ReadOnlyCompositeKeyComponent}>;
 
+type AnimatedPropsMemoHook = (
+  () => AnimatedProps,
+  props: $ReadOnly<{[string]: mixed}>,
+) => AnimatedProps;
+
 /**
- * A hook that returns an `AnimatedProps` object that is memoized based on the
- * subset of `props` that are instances of `AnimatedNode` or `AnimatedEvent`.
+ * Creates a hook that returns an `AnimatedProps` object that is memoized based
+ * on the subset of `props` that are instances of `AnimatedNode` or
+ * `AnimatedEvent`.
  */
-export function useAnimatedPropsMemo(
-  create: () => AnimatedProps,
-  // TODO: Make this two separate arguments after the experiment is over. This
-  // is only an array-like structure to make it easier to experiment with this
-  // and `useMemo`.
-  [allowlist, props]: [?AnimatedPropsAllowlist, {[string]: mixed}],
-): AnimatedProps {
-  const compositeKey = useMemo(
-    () => createCompositeKeyForProps(props, allowlist),
-    [allowlist, props],
-  );
+export function createAnimatedPropsMemoHook(
+  allowlist: ?AnimatedPropsAllowlist,
+): AnimatedPropsMemoHook {
+  return function useAnimatedPropsMemo(
+    create: () => AnimatedProps,
+    props: $ReadOnly<{[string]: mixed}>,
+  ): AnimatedProps {
+    const compositeKey = useMemo(
+      () => createCompositeKeyForProps(props, allowlist),
+      [props],
+    );
 
-  const [state, setState] = useState<{
-    allowlist: ?AnimatedPropsAllowlist,
-    compositeKey: $ReadOnlyCompositeKey | null,
-    value: AnimatedProps,
-  }>(() => ({
-    allowlist,
-    compositeKey,
-    value: create(),
-  }));
-
-  if (
-    state.allowlist !== allowlist ||
-    !areCompositeKeysEqual(state.compositeKey, compositeKey)
-  ) {
-    setState({
+    const [state, setState] = useState<{
+      allowlist: ?AnimatedPropsAllowlist,
+      compositeKey: $ReadOnlyCompositeKey | null,
+      value: AnimatedProps,
+    }>(() => ({
       allowlist,
       compositeKey,
       value: create(),
-    });
-  }
-  return state.value;
+    }));
+
+    if (
+      state.allowlist !== allowlist ||
+      !areCompositeKeysEqual(state.compositeKey, compositeKey)
+    ) {
+      setState({
+        allowlist,
+        compositeKey,
+        value: create(),
+      });
+    }
+    return state.value;
+  };
 }
 
 /**