The Finnish Game Industry Report 2022 (Neogames Finland)

Summary

• Finnish game studios received over €300 million worth of investments in 2021-2022, compared with €100 million in 2019-2020.p.8
• Total turnover was around €3.2 billion both in 2021 and 2022.p.8
• The Finnish game industry employed 4,100 people at the end of 2022, an increase of 500 compared to the end of 2020.p.10
• Playtika acquired 80% of Reworks Studios in a $400 million cash deal.p.10
• Seven game developer studio acquisitions were made between 2021 and 2022.p.10
• Studios published slightly fewer than 50 games per year in 2021-2022, versus 100 games per year in 2019-2020.p.11

Key insights

1. 46 new studios were established during 2021 and 2022.p.8
2. Metacore received a €150 million credit line from Supercell.p.8
3. Netflix acquired Next Games, a stock market company with an estimated value of $72 million.p.10
4. Tampere hosts 36 studios, Oulu 20 and Turku 17.p.14
5. There have been around 650 Finnish game studios from 1995 to 2022.p.13