Drake Star – Global Gaming Report, 1Q 2025

The main theme of the report is the analysis of the gaming market, including M&A, private placements, and public markets in the first quarter of 2025.

Key findings include the expectation of gradual growth in M&A activity, with private equity firms remaining active and potentially privatizing some public gaming companies. Major growth segments include AI, technology platforms, and blockchain. M&A activity in the gaming sector rebounded in the first quarter of 2025, with 48 deals totaling $4.4 billion. The largest deal was Scopely's acquisition of Niantic games for $3.5 billion. There were 149 private placements in the first quarter, totaling $3.5 billion.