Digital Development Management

Games Investment Review: Q1 2025 Executive Summary Report

• Global gaming investment and M&A activity reached $7.8 billion across 245 transactions in Q1 2025, marking the highest quarterly total since late 2023.
• Investment value surged 370% quarter-over-quarter to $4.4 billion, largely driven by a single $3.0 billion mid-to-late-stage investment in Infinite Reality.
• New fund announcements hit a three-year peak of $21.8 billion, with 65% of that capital concentrated within just five major funds.