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Public Comps and Valuation Multiples
for E-Sports

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

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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	$1.9B	1.7x	7.1x
MNC Digital Entertainment	$1.8B	n/a	n/a
DeNA	$1.7B	1.6x	6.8x
Nazara Technologies	$1.1B	5.0x	44.0x
Better Collective	$1.0B	2.6x	8.3x
NIP Group	$193M	2.3x	-19.5x
HUYA	$113M	0.1x	22.4x
Acer Gaming	$73.6M	n/a	n/a
GameSquare	$69.0M	0.7x	-7.9x
OverActive Media	$22.9M	1.2x	n/a
Enthusiast Gaming	$17.1M	0.3x	-157.0x
Allied Gaming	$4.9M	0.5x	n/a
Esports Entertainment	$0.9M	n/a	n/a
Skillz	-$0.4M	-0.0x	0.0x
DouYu	-$90.7M	n/a	n/a