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Public Comps and Valuation Multiples
for E-Sports

Benchmark revenue and EBITDA valuation multiples for public comps like MNC Digital Entertainment, DeNA, Better Collective, OverActive Media and NIP Group.

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Software - Infrastructure
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- Developer Tools Developer Tools
- DevOps DevOps
- IT Operations Management IT Operations Management
- Network Management Network Management

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	$1.4B	1.4x	5.8x
Better Collective	$996M	2.5x	8.3x
Nazara Technologies	$864M	4.0x	34.2x
HUYA	$166M	0.2x	372.9x
NIP Group	$162M	1.9x	-16.4x
Acer Gaming	$70.3M	n/a	n/a
GameSquare	$53.9M	0.8x	-6.6x
OverActive Media	$25.4M	1.3x	n/a
Enthusiast Gaming	$5.8M	0.1x	-52.0x
Skillz	$5.6M	0.1x	-0.1x
Esports Entertainment	$0.8M	n/a	n/a
Allied Gaming	-$2.4M	-0.3x	n/a
DouYu	-$80.9M	n/a	n/a