2025年第三季度视频游戏报告（英）

1Q3 2025 Video Game Market Update2DisclaimerAream & Co. is a shared trading name with Aream Group LLP, Aream Advisors LLC and Aream Advisors GmbH. Aream Group LLP is a Limited Liability Partnership registered in England and Wales, Registered Number: OC426365, Registered Office Address: 1 Cavendish Place, London, England, W1G 0QF, United Kingdom. Aream Group LLP (FRN 839407) is an Appointed Representative of Frank Investments Limited (FRN 627697) which is authorised and regulated by the Financial Conduct Authority. Aream Advisors LLC is a US regulated Broker Dealer CRD#318177 and is registered with the Financial Industry Regulatory Authority (FINRA). Aream Advisors GmbH operates in the European Union as a Tied Agent of NFS Netfonds Financial Services GmbH (NFS). NFS is authorised and regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).This report is provided for general information and discussion purposes only and is intended solely for subscribers. It does not constitute a financial promotion, investment advice, or a recommendation to engage in any investment activity.The content reflects the views of the authors at the time of publication and may be subject to change without notice. Nothing in this report should be construed as an offer, invitation, or solicitation to buy or sell any financial instruments or to engage in investment activity, as defined by the Financial Services and Markets Act 2000 (FSMA).This presentation is intended solely for the use of the recipient and may not be distributed to any other company or person without the prior written consent of Aream & Co.23SAN FRANCISCOLONDONBERLINCOMPANY SNAPSHOTGAMING M&A AND FINANCING TRANSACTIONS79TRANSACTION VALUE$38 bnGAMING BANKERS24Passionate about Video Games and our craft – core deal team together for 12+ yearsExpert execution underpinned by our heritage in global financial institutions and constant market participation Unparalleled relationships with strategic acquirers and financial investors interested in the sectorBroad transaction experience across PC, console, mobile and the wider gaming ecosystemDeep institutional knowledge of the sector, current market trends and strategic capital allocation among buyer universeglobal, independent investment bank specialized in gaming and interactive entertainmentWORLDWIDE COVERAGEOUR STRENGTH4Note: Transaction values include upfront and earnout considerationsLTM GAMING TRANSACTIONS 12LTM TRANSACTION VALUE$ 6 bn+Sale to$1.2 billionJanuary 2025Sale to$800 millionJuly 2025Sale of selected assets toJuly 2025Acquisition ofup to $820 millionFebruary 2025Debt financing toAugust 2025Apps BusinessAcquisition ofMay 2025Sale toJanuary 2025Sale toup to $2.0 billionNovember 2024Sale to$27 millionAugust 2024€15 millionNovember 2024Acquisition ofAugust 2024Convertible LoanIssuance toInvestment from$53+ millionPendinglast twelve months deal activityTRANSACTIONS ADVISED BY AREAM & CO. (FROM Q4-24 TO Q3-25)February 2025Executive Summary1