In 2025, the median disclosed M&A deal value in the Gaming sector was $17 million, with individual transaction sizes ranging all the way up to $55 billion. Deal multiples varied widely, from less than 1x to as high as 7.1x revenue, reflecting the diverse nature of assets and strategic motivations driving the market. For comparison, public gaming peers were most recently valued at a median of 4.9x revenue, underscoring the premium placed on high-growth and resilient business models. 

Here's an interesting insight: only 19% of sellers operated under a SaaS business model, and just 8% were focused on deep tech areas like AI, leaving ample room for growth on these fronts as buyers preferred subscription-like revenue streams and are keen to deploy AI to support game development and monetization efforts.