Despite Turmoil, The Gaming Industry Is Doing Well

While the global economy appears to be going through some struggles, that doesn’t appear to be the case with the gaming industry. According to a recent report from Drake Star Partners, investments and acquisitions in the gaming space were up from the second quarter of this year to the third quarter.

During Q3 2022, the number of merger and acquisition deals greatly increased from 70 in the previous quarter to 81 during this most recent quarter. More importantly, the money invested in the gaming space ($6 billion) received a huge boost compared to Q2 2022 ($1.8 billion).

Overall, the total number of investment and M&A deals was up to 311 transactions valued at $15.4 billion. By comparison, the second quarter of this year only saw 255 deals worth $6.8 billion.

Through the first nine months of 2022, 976 total deals were closed or announced worth $123 billion. During the same period last year, both of those numbers were lower (954 deals worth $115 billion).

“In Q3, it was still very active, and we were excited to see at least one large deal with the Unity (merger with) IronSource proposed,” said Michael Metzger, a partner at Drake Star, in an interview with VentureBeat. “There were a lot of smaller and midsize deals. We don’t really know the deal values for a lot of those. So looking at the deal value for the quarter was more difficult.”

(All information was provided by VentureBeat)

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