Q3 2024 Gaming Industry Report Released,
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Gaming Industry Report - Q3 2024

  1. Gaming VC funding: $517m in Q3 2024, +1% QoQ
  2. Gaming VC deal volume: 92 deals completed in Q3 2024, -14% QoQ
    • Growth-stage funding in Q3-24 ($262m) far surpasses the 2023 average ($159m)
  3. AI x Gaming VC funding: 22% of Gaming VC funding in Q3-24 went into companies related to or referencing AI (vs 7% and 10% in Q1 and Q2, respectively)
    • While AI in gaming is a trend in early-stage gaming VC, less VC capital is going into AI-related companies now compared to blockchain in 2021
  4. Epic Games: Launched competing iOS app store in the EU, sued Google and Samsung
    • Konvoy opinion: Competing app stores will continue to emerge in the EU due to regulatory shifts, and lawsuits likely to continue
  5. US Senate passes online child safety bills (KOSA, COPPA 2.0)
    • Konvoy opinion: Regulation around child safety and data privacy is likely only to continue. With the FTC also suing TikTok this quarter, we are likely to see more lawsuits against tech companies for violating child safety bills.
  6. Keywords Studios taken private
    • Konvoy opinion: The white space in this market, paired with the growth of the video game outsourcing TAM from $13b to $20b over the next 5 years, points toward an exciting opportunity for this market leader.

Gaming Industry Report - Q3 2024

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