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Public Comps and Valuation Multiples
for AdTech Software

Benchmark revenue and EBITDA valuation multiples for public comps like theTradeDesk, CyberAgent, AppLovin, Meta and Five9.

AdTech Software

See analyst estimates and all valuation multiples for AdTech Software
Company EV EV/Revenue EV/EBITDA
$2.13T 6.0x 13.8x
$1.70T 10.1x 16.5x
$144B 29.6x 50.0x
$34.0B 13.5x 33.0x
$25.7B 1.4x 5.8x
$10.3B 2.1x 9.4x
$4.7B 4.6x 24.0x
$3.4B 3.2x 17.0x
$3.4B 5.0x 14.9x
$3.2B 0.6x 8.8x
$2.7B 4.4x 13.3x
$2.4B 9.2x 42.8x
$2.1B 5.5x 38.2x
$2.1B 1.4x 19.5x
$2.1B 1.8x 5.3x
$2.0B 5.2x 16.3x
$1.9B 7.0x 22.4x
$1.9B 5.4x 42.6x
$1.7B 3.2x 9.1x
$1.7B 2.3x 12.5x
$1.6B 3.8x 43.0x
$1.3B 3.8x 34.9x
$1.2B 0.7x 6.1x
$1.1B 1.3x 6.8x
$994M 2.1x 6.9x
$834M 2.0x 12.0x
$824M 1.7x 11.5x
$761M 0.8x 7.9x
$589M 2.0x 6.5x
$453M 0.5x 8.8x
$444M 1.3x 16.7x
$400M 0.5x 4.2x
$374M 0.6x 6.1x
$320M 1.7x 12.3x
$291M 1.1x -48.6x
$193M 2.6x 8.4x
$181M n/a n/a
$150M 0.8x 3.3x
$140M n/a n/a
$128M n/a n/a
$120M n/a n/a
$99.8M n/a n/a
$93.9M n/a n/a
$88.1M 0.3x 102.2x
$83.2M 0.7x n/a
$76.6M 0.7x 4.9x
$71.6M 0.1x 1.4x
$65.8M 1.4x n/a
$64.8M 1.7x 10.3x
$61.9M n/a n/a
$58.9M n/a n/a
$57.4M 1.3x n/a
$52.1M 0.8x -7.0x
$51.4M n/a n/a
$49.5M n/a n/a
$47.5M 0.1x 1.2x
$46.6M n/a n/a
$46.4M 17.6x n/a
$45.9M n/a n/a
$41.9M 0.2x 1.4x
$40.6M 1.8x n/a
$39.4M 0.3x 7.6x
$36.9M 1.4x 6.5x
$35.0M n/a n/a
$30.5M 1.4x 14.3x
$22.7M n/a n/a
$21.9M 0.2x n/a
$18.4M 1.5x 105.3x
$15.0M n/a n/a
$14.8M n/a n/a
$13.2M n/a n/a
$7.7M n/a n/a
$7.0M 0.1x n/a
$4.3M n/a n/a
-$1.7M -0.0x -0.1x
-$10.6M -0.3x 1.5x
-$68.6M n/a n/a

Valuation multiples as of last 12 months (LTM). Financial data powered by Morningstar, Inc.

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