Games Investment Reports

Quarterly Reports

The longest running series of reports on investments and M&As in the video game industry, produced quarterly with a free Executive Summary as well as a paid option for the quarter’s transactions in PDF and Excel formats.

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Free

Executive Summary Report

Q3 2024

Download the Q3 2024 Executive Summary covering the gaming industry’s investments and M&As

$399

Quarterly Report + Transactions

Q3 2024

Purchase the quarter’s transactions data (PDF and Excel)

$999

Quarterly Report Bundle for 1 Year

1 Year (4 Reports)

Save by purchasing the most recent and the next three quarterly transaction bundles

Financing Snapshot

FREE

Project & Studio Financing Snapshot

JANUARY 2025

Updated for the new year, the Project & Studio Financing Snapshot provides a business outlook on two main methods of video game financing, project and studio, from our business development and investment services teams.

Overall, the industry is showing signs of cautious optimism, viewing 2025 as the year the “industry turns the corner” after a rollercoaster hangover from COVID-driven record years. While both project and studio financing remain low, our outlook for both is slight warming as publishers close out their fiscal years and look towards content needs for 2026/2027, M&As continue to be a buyer’s market, and investment firms, including web3, have capital to deploy.

Industry Segment Reports

FREE

Console/PC Games Investment Report

SEPTEMBER 2024

A retrospective look at the 2023 Console/PC segment:

Console/PC investments and M&As totaled $69.5B across 200 transactions (+612% in value and -25% in volume compared to 2022’s $9.7B across 267 transactions), marking the largest year for the Console/PC segment and was 2x larger than the last 5 years combined (2018-2022) due to Microsoft’s colossal $68.7B acquisition of Activision Blizzard.

Without the acquisition, the Console/PC segment showed signs of trouble as it would have totaled $769.2M across 199 transactions (-92% in value and -25% in volume compared to 2022’s $9.7B across 267 transactions); this is the second consecutive year of declined value and volume and would have been the lowest yearly value across the past six years.

FREE

Game Developers Investment Report

JUNE 2024

Q1 2024 developer investments totaled $2.0B across 127 investments (+308% in value and +43% in volume compared to Q4 2023’s $485.7M across 89 investments).

This 4x in value is due to Disney’s $1.5B investment in Epic Games (76% of the quarter’s value) making developer investments near 2023’s yearly developer total all within the first quarter.

Because of 2024’s strong start, 2024 will surpass 2023’s developer investments which reached $2.3B across 444 investments, breaking a four-year decline of investment value dating back to 2021’s peak of $33.3B across 552 investments.

FREE

Mobile Games Investment Report

JUNE 2024

2023 mobile investments totaled $1.1B across 179 investments (-69% in value and -25% in volume compared to 2022’s $3.5B across 238 investments).

This drastic decline in value continues a three-year decline of value and volume since mobile games investment peak of $8.3B across 233 investments back in 2021 when Applovin and Playtika both went public with a combined value of $3.9B and market capitalization of $39.7B.