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Public Comps and Valuation Multiples
for E-Sports

Benchmark revenue and EBITDA valuation multiples for public comps like Modern Times Group, OverActive Media, MNC Digital Entertainment, HUYA and Acer Gaming.

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E-Sports

See analyst estimates and all valuation multiples for E-Sports

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Modern Times Group	$2.0B	1.6x	7.2x
MNC Digital Entertainment	$1.5B	n/a	n/a
DeNA	$1.5B	1.5x	6.2x
Better Collective	$999M	2.5x	8.3x
Nazara Technologies	$867M	4.0x	34.0x
HUYA	$148M	0.2x	159.3x
NIP Group	$136M	1.2x	-13.7x
Acer Gaming	$72.4M	n/a	n/a
GameSquare	$44.4M	0.6x	-5.6x
OverActive Media	$24.5M	1.3x	n/a
Enthusiast Gaming	$5.8M	0.1x	-52.0x
Esports Entertainment	$0.8M	n/a	n/a
Allied Gaming	-$2.5M	-0.3x	n/a
Skillz	-$11.0M	-0.1x	0.2x
DouYu	-$83.8M	n/a	n/a