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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, Better Collective, GameSquare, Nazara Technologies and OverActive Media.

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Software - Infrastructure
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E-Sports

See analyst estimates and all valuation multiples for E-Sports

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
MNC Digital Entertainment	$1.8B	n/a	n/a
DeNA	$1.6B	1.6x	6.6x
Modern Times Group	$1.5B	1.1x	5.0x
Better Collective	$1.1B	2.6x	8.7x
Nazara Technologies	$1.1B	4.9x	41.9x
HUYA	$415M	0.4x	337.4x
NIP Group	$109M	0.9x	n/a
Acer Gaming	$64.0M	n/a	n/a
GameSquare	$29.3M	0.4x	-3.8x
OverActive Media	$20.7M	n/a	n/a
Enthusiast Gaming	$17.1M	n/a	n/a
Esports Entertainment	$0.7M	n/a	n/a
Allied Gaming	-$5.2M	n/a	n/a
Skillz	-$26.2M	-0.3x	0.5x
DouYu	-$128M	n/a	n/a