According to a report from video game agency Digital Development Management (DDM), the gaming industry saw investments, mergers, and acquisitions activity reach a valuation of $51.5 billion in 2022. That’s the second-best figure in the industry’s history, but a far cry from 2021’s $74.5 billion.
That’s a steep drop. Is the industry okay? Despite the significant difference year-on-year, the DDM report confidently claimed that “2022 wasn’t just a great year, it was an incredible year.” Not only was the agency bullish on 2022’s seemingly understated numbers, but it also predicted that 2023 could “reach new heights which may not be broken for decades to come.”
The numbers: DDM tracked more than 1,182 transactions – major investments, mergers, and acquisitions – in 2022. The group calculated $13.4 billion worth of investments over 893 transactions, good for third place all-time. M&As reached the highest total ever recorded by DDM, $38.1 billion from 289 transactions.