InvestGame team is pleased to present our Global Gaming Deals Activity Report for Q1’23. The first quarter of 2023 has followed the trend of 2022 and continues struggling from severe market challenges, with a total closed deals’ value exceeding $2.1B across 193 transactions, compared to $15.4B among 277 deals in Q1’22.
- Private Investment remains strong, hitting $1B, with an increase in deal count to 141, compared to 114 in the previous three months, halting the negative trend. This growth is primarily driven by Early-stage and Corporate deals, while Late-stage deals remain stagnant;
- The unprecedented M&A activity seen in 2021 and 2022 is also cooling down, with only 43 deals in Q1’23 compared to 88 deals in Q1’22. The total deal sum has declined by 94%, from $11.4B to $0.6B;
- Public Offerings’ recession continues with just 9 deals in Q1’23. However, the total deal value has slightly decreased as well, from $0.7B to $0.5B. In the near quarters the trend will probably continue; however, we may see some notable Offerings from main strategic investors based on TTWO Public Offering in the amount of $1B.
Although the investment activity, especially in M&A and Public Offerings, is still heavily affected by the bearish market and high interest rates, among other factors, Early-stage and Corporate activity is actually coming back to its usual size and state, showing resemblance to the pre-pandemic metrics. In our Report, you can find more detailed data as well as additional information about the most active VC funds and select deals for the Q1’23 period.
We would like to express our gratitude to our partners at MGVC and Taylor Wessing for their support, as well as a special thank you to White Label PR agency for connecting us with top-tier media outlets.