Business
IPOs, M&A, studio closures, platform revenue and the financial structure underneath the games we cover.
Discord’s IPO Prep — What the Leaked S-1 Actually Says
$920M revenue, 12% operating margin, Hubs commerce contributing 21% — what Discord’s leaked S-1 actually says about a Q3 2026 IPO window.
Chip Industry M&A — The Four Deals Worth Tracking in 2026
AMD bolt-on, Intel FPGA divestiture, Qualcomm automotive, PE RF roll-up — four chip-industry M&A deals worth tracking in 2026.
Game Studio Closure Tracker — Q1 2026 Numbers
22 closures, 11 in North America, 14 owned by public publishers — Q1 2026 is the third-worst quarter for studio closures ever recorded.
Steam Revenue Projections — What 2026 Actually Looks Like
$11.4B Steam GMV, $3.4B Valve revenue, with GTA 6 PC and Steam Deck OLED 2 as the two unmodelled upside swings.
Nvidia’s Datacenter vs Gaming Split — Gaming Is Shrinking
$3.1B gaming vs $24.6B datacenter — Nvidia is heading for sub-10% gaming revenue for the first time, and the strategic implications are real.