Drake Star – Global Gaming Report, 3Q 2025

Summary

The main theme of the report concerns the state and trends in the video game industry, with a focus on mergers and acquisitions (M&A), private investments, and public markets.

Key findings include the recovery of public gaming company stocks leading to increased M&A activity in the gaming industry through 2026, continued interest from private funds in gaming companies, including buyouts of public companies and acquisitions of private studios, the expected IPO of Coffee Stain Group following its spin-off from Embracer, and prospects for Discord's listing in 2026. The largest buyout in history of EA by the PIF / Silver Lake consortium for $55 billion, and an increase in M&A activity to 50 deals in Q3 2025. Recovery of private financings with 115 rounds in Q3 2025.

Region: Global

Published: October 2025

Author(s): Drake Star

Language: English

Tech drivers: AI Blockchain Metaverse & Web3 Mobile Social Media

Social drivers: Sustainability and ethics

Geopolitical drivers: Workforce availability

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