德雷克星-全球游戏行业报告2025_英译中_28页_4mb.docxVIP

LOBALGANI

RT2025

LOSANGELESISANIRANCISCOlNEWIORKlIONDONlPARISlI?UNICHlIERLINlDUBAI

DRAKESTAIR

ManagingPartnerLosAngeles

michael.metzger@

PartnerBerlin

julian.riedlbauer@

PartnerLosAngeles

mohit.pareek@

Power

PowerRangers

SALETO

AAA

AAAGameDeveloper

* * *

Video

VideoGame/ContentStreaming

SALETO

SALETO

SALETO

2

*TransactionsexecutedbycurrentDrakeStarPartnersemployeeswhileemployedatotherfirms

DrakeStarSecuritiesLLCisregulatedbyFINRAandisamemberofSIPC.AllsecuritiesintheUK,aretransactedthroughDrakeStarUKLimited(FRN942020)anappointedappointedrepresentativeofRazlinLtd(FRN730805),whichisauthorizedandregulatedbytheFCA

$161BDisclosed

$161B

DisclosedValue(Announced)

759

Deals(Announced)

$11.4B$6.2B$143.6B

$11.4B

$6.2B

$143.6B

MA

2025wasalandmarkyearforgamingMAwithtwomegadeals:the$55BleveragedbuyoutofElectronicArts(EA)byaconsortiumledbyPIFandtheNetflix’s$82.7BannouncedacquisitionofWarnerBros.,includingWarnerBros.Games!Inparallel,Paramount–Skydancelaunchedahostile$108.4BbidforWarnerBros.Discovery,underscoringthescaleandintensityofconsolidationacrossmediaandgaming.

OthernotableMAdealsincludedthe$3.5BacquisitionofNiantic’sgamingbusinessbySavvy/Scopelyandthe

$800MsaleofApplovin’sgamingdivisiontoTripledot.NetflixalsoacquiredtheavatartechcompanyReadyPlayer

MeinQ4’25(DrakeStarwastheexclusivefinancialadviseronthedeal).

PrivatefinancingswereledbymobileandAI.MajormobiledealsincludedCVC/Blackstone’s$2.5BinvestmentinDreamGames,alongsideraisesbyLingokids($120M),GoodJobGames($60M),andMillionVictories($40M).OntheAIside,companiesbuildingAIworldmodelswiththepotentialtotransformhowgamesaremaderaisedlargerounds,includingLumaAI($900M),Runway($308M),GeneralIntuition($134M),andDecart($100M).

Overallfinancingactivitybottomed