Gaming Industry Update Q4 2022

Read more about M&A trends and activity in this sector

Gaming Industry Updates

Download PDF

Meta Is Making A Massive Bet On The Metaverse

Meta: From A Few Entrepreneurs In A Dorm Room To The Apollo Program Or Bust

Silicon Valley’s apocryphal founding story is two entrepreneurs in a garage. Steve Jobs and Steve Wozniak built the Apple I out of their garage, selling the product without a monitor, keyboard, or casing in 1976. Mark Zuckerberg founded Facebook with a few of his friends out of his college dorm room in 2004. In 2022 that same Mark Zuckerberg, now the CEO of Meta, is employing approximately 17,000 people and is spending more than $15.5 billion annually in a brazen attempt to outflank his Silicon Valley competitors Apple and Google and create the next major computing platform. Over the next ten years Meta is planning on spending as much as the Apollo Program to actualize their vision of the metaverse. This remarkable relationship was noted by Chamath Palihapitiya, the Founder and CEO of Social Capital in episode 102 of the All In Podcast.

Is Meta’s massive bet on the metaverse strategic gamesmanship or a gross misstep? Well, that depends on how imminent and how large the metaverse opportunity is. Last month Meta announced a 13% reduction in force, as they focus on a few high priority projects, including AI, ads, and their metaverse vision. There is a fair chance, though, that Meta and other major technology platforms missed the forerunner to the metaverse that has been hiding in plain sight within the worlds of gaming and gamers.


Multi Year Spending Programs Of Major Technological Innovations From Private And Public Endeavors

We hope you find this information valuable, and as always, feel free to reach out if you would like to discuss in further detail. To read the full report, download the PDF below. Footnotes and sources are noted in the deck.

Download the document:

Gaming Industry Updates

Download PDF

Explore more

Webcast Replay Webcast Upcoming Listen Now

Consumer markets

KPMG Corporate Finance LLC’s investment bankers have extensive Consumer Markets transaction and industry experience, which enables them to understand the industry- specific issues and challenges facing our clients.

Webcast Replay Webcast Upcoming Listen Now

Gaming Industry Update Q2 2023

Read more about M&A activity and trends in this sector here

Webcast Replay Webcast Upcoming Listen Now


Learn about the latest trends in mergers and acquisitions with KPMG Corporate Finance LLC.

Meet our team

In today’s market, you need an advisor with objective insight at every step of the transaction process. We work with you throughout the full deal cycle to create value and successfully execute your deal strategy.

Image of Roderick Moon
Roderick Moon
Managing Director, KPMG Corporate Finance LLC

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.