In the past six months, 2022 brought the gaming industry a total of $107 billion in revenue and 651 deals. After analyzing a report from investment banking firm Drake Star, HC.Games’ editorial staff has compiled the game industry’s financial highlights and milestones for the first half of 2022.
Unprecedented industry consolidation: $95 billion in revenue from mergers or acquisitions in the mobile, console, PC and esports industries.
In the first half of 2022, there were six mega-deals worth over a billion dollars: the industry’s most significant acquisition of Activision by Microsoft, Zynga by Take-Two Interactive, Bungie by Sony and ESL FACEIT by Savvy Games. The most active segment in the industry was mobile, which saw 47 deals.
In the year’s first half, venture capital and strategy funds invested a record $7 billion in private gaming companies. There were 11 rounds valued at $100 million.
Blockchain and NFT companies were able to raise $2.2 billion. Half of the amount was raised by early-stage companies. Animoca Brands, Shima Capital and FTX were the most prominent investors of the half year.
Read the full Drake Star Global Gaming Industry Report for June 2022 here.