2024-08-27-Konvoy-2024年第二季度游戏行业报告_33页_772kb

KONVOY Gaming Industry Report - Q2 2024 Summary

Core Content Overview

The gaming industry in Q2 2024 saw a market size of $189.3 billion, representing a 2.9% year-over-year increase. Public gaming ETFs outperformed the S&P 500, with gains of 7-20% year-to-date, while venture funding in Q2 2024 totaled $492 million across 104 rounds, marking a 20% quarterly decline in funding and a 22% drop in the number of rounds.

Key Trends

• YouTube and LinkedIn enter the gaming strategy space: Both platforms launched gaming features, with LinkedIn aiming to boost user engagement through professional-oriented games.
• Olympic Esports Games proposed: The IOC is set to partner with Saudi Arabia to host a new esports event, potentially boosting the industry's legitimacy and growth.
• Epic Games Store and Fortnite return to iOS in EU and Japan: This marks a significant shift in the ongoing Apple-Epic Games dispute, driven by regulatory changes in these regions.
• Apple faces potential $1 billion daily fines: The European Commission is considering fines for non-compliance with the Digital Markets Act (DMA), which could set a new precedent for tech regulation.
• Voodoo acquires BeReal for €500 million: This acquisition is part of Voodoo's strategy to expand into hybrid casual gaming, leveraging BeReal's user base.
• TikTok faces a potential US ban: A bill signed by Joe Biden requires TikTok to divest its US operations within 9 months or face shutdown, raising concerns about data security and foreign ownership.

Funding and Investment Insights

• Gaming VC funding in Q2 2024: $492 million, with early-stage deals accounting for the majority of investment.
• Early-stage deals dominate: Over 90% of VC funding in gaming since Q4-22 has gone to early-stage ventures.
• VC deal activity: 104 deals in Q2, a 22% decline from the previous quarter.
• Regional Funding Breakdown:
  • Asia: Q2 funding reached a 12-month high.
  • North America: Funding dropped by 61% quarter-over-quarter.
  • Europe: Funding fell by 51%, but deal count increased by 32%.
  • Africa: Only $2 million in disclosed deal funding.
  • South America: No deals since Q2-23.

Major Deals

• Top VC deals in Q2:

  • Zentry: $140.0m
  • k-ID: $45.0m
  • Play AI: $4.3m
  • Sonic: $12.0m
  • Quintar: $8.2m
  • InfiniGods: $8.0m
  • Trala's Lab: $4.0m
  • The Seeds: $12.0m
  • Red Rover Interactive: $15.0m
  • Bespoke Pixel: $25.0m

• Web3 and AI focus: 5 of the top 10 T&P deals are in web3-related companies, and 2 are in AI-related ventures.

Public Market Insights

• Public gaming companies hold $33.4 billion in cash and equivalents:

  • NetEase Games: $6.0b
  • Nintendo®: $5.7b
  • KRAFTON: $2.5b
  • SEA: $2.5b
  • Electronic Arts: $2.4b
  • BANDAI NAMCO: $2.1b
  • KONAMI: $1.8b
  • Others: $10.6b

• Tech companies with gaming divisions:

  • Amazon: $72.9b
  • Apple: $32.7b
  • Meta: $32.3b
  • Google: $24.5b
  • Tencent: $22.3b
  • Microsoft: $19.6b
  • SONY: $12.6b
  • NETFLIX: $7.0b

M&A Activity

• 25 gaming M&A transactions in Q2-24: A 17% decline YoY.
• Notable M&A deals:
  • Voodoo acquires BeReal (€500m)
  • Sensor Tower acquires data.ai (not disclosed in the table)

Events and Conferences

• Top gaming events in 2024:
  • Pocket Gamer Connects
  • Consumer Electronics Show (CES)
  • DICE Summit
  • South by Southwest (SXSW)
  • Game Developers Conference (GDC)
  • GamesBeat Summit 2024
  • Augmented World Expo (AWE)
  • Gamescom Latam
  • Siggraph
  • Gamescom Germany
  • Tokyo Game Show
  • Web Summit
  • India Game Developer Conference (IGDC)
  • Slush

Konvoy Overview

• Assets under management (AUM): $260 million
• Number of investments: 51
• Number of funds: 3
• Investments outside of North America: 40%
• Top newsletters published in Q2 2024:
  1. Gaming IPO Watch List (2024)
  2. Version Control For 3D Assets
  3. TikTok For Games: A Pipe Dream
  4. Mobile Gaming Post-IDFA Deprecation
  5. Virtual Pets

Konvoy Team

• Managing Partners:

  • Josh Chapman
  • Jason Chapman
  • Jackson Vaughan

• Investment Team:

  • Taylor Hurst (Principal)
  • Dani Tran (Senior Associate)
  • Anthony Schena (Associate)

• Platform Team:

  • Dhinuka Perera (Head of Platform)
  • Carly Martin (Associate)

• Operations:

  • Sam Epstein (EA & Office Manager)