Weekly Gaming Reports Recap: July 21

Reports of the week:

1. InvestGame & GDEV: Investments in Mobile Game Companies since 2020

2. Newzoo: Top 20 PC/Console Games of June 2025 by Revenue and MAU

3. Video Game Insights: Steam Wishlists in 2025

4. Circana: The U.S. Gaming Market in June 2025

• Since 2020, over $5 billion has been invested in cellular studios (435 recorded offers). The majority (302 transactions) have been within the early phases, with $1.4 billion invested. 33 transactions totaling $2.9 billion have been at late phases (from Series B+). Finally, since 2020, there have been 100 offers involving company enterprise funds or strategic buyers, including one other $0.7 billion.

• The chart reveals that throughout the pandemic market increase, offers doubled, from 70 in 2020 to 137 in 2021. After that, there’s been a decline, which nonetheless hasn’t stopped.

• Turkish corporations account for 27% of all VC capital invested in informal cellular studios since 2020. For midcore, nevertheless, Europe and Asia lead; 66% of all investments went to corporations from these areas.

• At the identical time, structural market adjustments have hit Series A offers the toughest. Median test has grown considerably, and the variety of transactions has dropped sharply. Most doubtless, this is because of lowered danger urge for food; corporations on the Series A stage now want to point out a confirmed, data-backed capability for speedy progress.

• Against the backdrop of a extra cautious strategy from VC buyers, the variety of M&A offers within the cellular phase has grown over the previous 12 months. There have been 5 offers totaling $7 billion—a report determine since 2022.

• Since 2020, cellular studios have accounted for 61% of the whole quantity of M&A offers (excluding the Activision Blizzard deal). In H1’25, offers with cellular corporations made up 98% of the whole quantity.

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Newzoo tracks the markets of the US, UK, Spain, Germany, Italy, and France.

• There are many new entries within the income rating for June. Dune: Awakeningdebuted in fifth place, Rematch took ninth, Death Stranding 2: On the Beach landed at fifteenth, SCUM reached seventeenth (though the challenge entered Early Access again in 2018, model 1.0 was launched in June), and Deltarune holds the twentieth spot.

• After a serious replace celebrating the challenge’s fifth anniversary, Valorant rose to seventh place within the rankings.

• The collaboration between Dead by Daylight and Five Nights at Freddy’s led to the best month-to-month income progress for the challenge since April 2020.

• Of the newcomers when it comes to income, two are impartial IPs: Rematch and SCUM. The different three are both based mostly on current IPs (Dune: Awakening), sequels (Death Stranding 2: On the Beach), or spin-offs constructing upon the unique sport (Deltarune).

• Notably, on PlayStation, MindsEye entered the highest gross sales rating at 18th. The builders managed to generate some preliminary income, however future gross sales are more likely to disappoint given the sport’s 2.3 out of 5 score within the PS Store.

• Lies of P noticed a pointy bounce in income, touchdown at twentieth. This is linked to the discharge of its prequel, Lies of P: Overture.

• On the PC rating, there are seven newcomers. This contains video games already talked about within the general prime: Dune: Awakening (#1 on PC in June), SCUM (#7), Rematch (#8), Deltarune (#13), together with platform-specific debuts: PEAK (tenth), Stellar Blade (14th), and Date Everything!(seventeenth).

• For Nintendo platforms, for the primary time in a protracted whereas (because of the inclusion of Nintendo Switch 2 tasks), there are various new titles within the chart. These embrace Mario Kart World (2nd place, behind solely Fortnite), Deltarune (ninth), Cyberpunk 2077 (14th), and Date Everything!(fifteenth).

• The prime 20 by MAU included late-May releases Elden Ring Nightreign and Splitgate 2. Among different new entries is Rematch, although Newzoo seems to be counting the closed beta viewers.

• On PC, PEAK appeared as a number one sport by MAU, taking the fifth spot—surpassing Marvel Rivals, Valorant, Overwatch, DOTA 2, and different fashionable live-service hits.

• On Nintendo Switch 2, there are three new titles: Mario Kart World (1st place), Nintendo Switch 2 Welcome Tour (eighth), and Deltarune (twentieth).

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• Only 6% of tasks within the final 12 months reached over 100,000 wishlists. That’s 301 tasks, with 22 of them surpassing 1 million wishlists.

• 66% of video games have fewer than 10,000 wishlists.

• RPGs, technique, and motion video games have the next median variety of wishlists. The lowest are MMOs and informal video games. At the identical time, for those who take a look at the highest 10% of MMOs by wishlists within the final 12 months, their quantity (183,000) is the best amongst all genres. This reveals that viewers curiosity is concentrated amongst a number of massive tasks.

❗️A correlation of 70% signifies that first-month gross sales depend upon the variety of wishlists. RSQ (coefficient of willpower) factors out that wishlist numbers can clarify 49% of gross sales variance. The remaining 51% is attributable to different components.

• At the identical time, this prediction technique works properly for tasks with greater than 100,000 wishlists. For smaller tasks, the dependence is way from apparent.

• Successful tasks typically accumulate greater than 70% of their wishlists within the 4 months main as much as launch. However, there are additionally profitable instances with video games that had a shorter advertising marketing campaign (Indiana Jones and the Great Circle, Marvel’s Spider-Man 2, Final Fantasy XVI).

• Specifically, the variety of wishlists for Kingdom Come: Deliverance 2 elevated with every new trailer. Three months earlier than launch, the sport had already gathered 72% of all wishlists it might have by launch.

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• In June, the whole online game market quantity reached $5.699 billion, up 22% 12 months over 12 months.

• Video sport content material gross sales grew 6% YoY to $4.427 billion.

• Console gross sales surged 249% YoY to $978 million, setting a historic June report (earlier was $608 million in June 2008).

• 1.6 million Nintendo Switch 2 models have been bought in June, the best debut month in U.S. market historical past. The earlier report belonged to the PS4 with 1.1 million models bought in November 2013.

• PlayStation 5 ranked second after NS2 in gross sales for the month and remained the year-to-date chief in whole models bought throughout the primary six months of 2025.

• Accessories gross sales elevated 29% YoY to $293 million, marking one other all-time June report.

• 32% of all Nintendo Switch 2 patrons bought the Nintendo Switch 2 Pro Controller.

• June 2025 was the strongest June by income since 2019.

• Non-mobile subscriptions continued to develop, reaching $562 million in June 2025, up 32% 12 months over 12 months. This is an all-time month-to-month report for the class.

• Notably, a few of this progress was pushed by Star Wars: The Old Republic.

• Several new titles led gross sales: Death Stranding 2: On the Beach (2nd place), Mario Kart World (third place — with out counting digital gross sales), and Rune Factory: Guardians of Azuma (tenth place).

• Circana reviews 82% of Nintendo Switch 2 patrons additionally purchased Mario Kart World, both in a bundle or individually.

• Strong gross sales have been additionally famous for Stellar Blade (fifth place, new on PC) and Cyberpunk 2077 (18th place, debut on Nintendo Switch 2).

• The best-selling titles for the primary six months of 2025 remained unchanged: Monster Hunter: Wilds, The Elder Scrolls IV: Oblivion – Remastered, and Assassin’s Creed: Shadows.

• Top performers in cellular remained MONOPOLY GO!, Royal Match, and Last War: Survival.

• Driven by Pokemon GO Fest, Pokemon GO income surged, coming into the highest 10.

• Final Fantasy XVI’s timed exclusivity ended, and the sport launched on Xbox, taking 4th in June’s chart.

• Nintendo Switch 1 and a couple of noticed many new releases: Mario Kart World, Cyberpunk 2077, Rune Factory: Guardians of Azuma, Street Fighter 6, and Bravely Default: Flying Fairy HD Remaster. Sales for The Legend of Zelda from the primary Nintendo Switch additionally considerably elevated, doubtless with new console homeowners attempting traditional hits.

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