At our GamesBeat Summit 2021 event, I learned that game CEOs and executives are confident that the golden age of gaming will continue, with expectations of continued growth, more money coming into the industry, and more people playing games around the world.
The financial lessons were plentiful. CEOs like Jam City’s Chris DeWolfe were confident that growth would continue, even as we hit difficult quarterly comparisons to pandemic growth from a year ago. The only thing that can trip someone up, DeWolfe said, is opportunity cost, where you put a team on the wrong game. Liontree’s Nick Tuosto teased out of Lars Wingefors, the CEO of Embracer Group, his strategy for acquiring so many companies quickly. Two leaders of Scopely, Tim O’Brien and Amir Rahimi, also explained to Tuosto the right way to acquire a company. It was good to see so much confidence among game investors like Jens Hilgers about the road ahead.
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