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Public Comps and Valuation Multiples
for E-Sports

Benchmark revenue and EBITDA valuation multiples for public comps like DeNA, Better Collective, Nazara Technologies, Allied Gaming and GameSquare.

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Verticals
Communications
- Cable Service Providers Cable Service Providers
- Data Centers Data Centers
- Internet Service Providers Internet Service Providers
- IoT IoT
- Networking Hardware Networking Hardware
- Satellite Communications Satellite Communications
- Telecom Infrastructure Telecom Infrastructure
- Telecom Service Providers Telecom Service Providers
Consumer Internet
- Consumer Apps Consumer Apps
- Learning Platforms Learning Platforms
- Online Betting Online Betting
- Online Content & News Online Content & News
- Online Dating Online Dating
- Online Jobs & Recruitment Online Jobs & Recruitment
- Online Travel Online Travel
- Search Engines Search Engines
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- Streaming Streaming
Consumer Products
- Alcohol Alcohol
- Automakers Automakers
- Baby & Child Care Baby & Child Care
- Cannabis Cannabis
- Clothing & Accessories Clothing & Accessories
- Consumer Electronics Consumer Electronics
- Food & Beverages Food & Beverages
- Health & Beauty Health & Beauty
- Home & D�cor Home & D�cor
- Home Care Home Care
- Luxury Goods Luxury Goods
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- Sports & Leisure Sports & Leisure
- Tobacco Tobacco
- Toys & Games Toys & Games
Consumer Retail
- Department Stores Department Stores
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- Pharmacies Pharmacies
- Supermarkets Supermarkets
- Specialty Stores Specialty Stores
Consumer Services
- Accommodation Accommodation
- Casinos & Gambling Casinos & Gambling
- Cruises Cruises
- Education & Training Education & Training
- Leisure & Recreation Leisure & Recreation
- Restaurants & Nightlife Restaurants & Nightlife
- Travel Services Travel Services
E-commerce - Inventory-Based
- Consumer E-commerce Consumer E-commerce
- B2B E-commerce B2B E-commerce
- Horizontal E-commerce Horizontal E-commerce
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E-commerce - Online Marketplaces
- Consumer Marketplaces Consumer Marketplaces
- B2B Marketplaces B2B Marketplaces
- Horizontal Marketplaces Horizontal Marketplaces
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- Classifieds Classifieds
- Lead Generation Lead Generation
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Energy - by Source
- Biomass Biomass
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Energy - by Value Chain
- Energy Equipment Energy Equipment
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Financial Services
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- Insurance Carriers Insurance Carriers
- Investment Banking Investment Banking
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- Private Equity Private Equity
- Reinsurance Reinsurance
- Stock Exchanges Stock Exchanges
FinTech
- Blockchain & Crypto Blockchain & Crypto
- BNPL BNPL
- Electronic Trading Electronic Trading
- Financial Data & Information Financial Data & Information
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- Price Comparison Price Comparison
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Hardware
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Healthcare
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Healthcare IT
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Industrials - Capital Goods
- Aircraft & Space Systems Aircraft & Space Systems
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- Building Products Building Products
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- Industrial Parts Industrial Parts
- Machinery Machinery
- Wholesale Distribution Wholesale Distribution
Industrials - Transport & Logistics
- Airlines Airlines
- Airports & Aviation Services Airports & Aviation Services
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Industrial Technology
- 3D Printing 3D Printing
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Life Sciences
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- Drug Development & Therapeutics Drug Development & Therapeutics
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- Small Molecules Small Molecules
- Vaccines & Immunotherapies Vaccines & Immunotherapies
Materials
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- Paper & Forest Products Paper & Forest Products
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Media & Entertainment
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- E-Sports E-Sports
- Events Events
- Gaming - Console & PC Gaming - Console & PC
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- Publishing Publishing
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- TV Broadcasting TV Broadcasting
Mobility
- Autonomous Tech Autonomous Tech
- Electric Vehicles Electric Vehicles
- Food Delivery Food Delivery
- Micromobility Micromobility
- Navigation & Mapping Navigation & Mapping
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- Urban Air Mobility Urban Air Mobility
Payments
- B2B Payments B2B Payments
- Card Networks Card Networks
- Money Transfer Money Transfer
- Payment Service Providers Payment Service Providers
- Payments Infrastructure Payments Infrastructure
- Payments POS Payments POS
Real Estate
- Buildings & Property Buildings & Property
- Real Estate Development Real Estate Development
- Real Estate Services Real Estate Services
Services - Commercial
- Environmental & Facilities Services Environmental & Facilities Services
- Leasing & Rental Services Leasing & Rental Services
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- Workspaces Workspaces
Services - Professional
- Advertising & Marketing Advertising & Marketing
- BPO Services BPO Services
- Business Consulting Business Consulting
- Legal Services Legal Services
- Market Research Market Research
- IT Consulting IT Consulting
- Printing Printing
- Recruitment & Staffing Recruitment & Staffing
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Software - by Product
- AdTech Software AdTech Software
- Artificial Intelligence Artificial Intelligence
- BI & Analytics Software BI & Analytics Software
- Communication & Collaboration Software Communication & Collaboration Software
- Content Management Software Content Management Software
- Design & Engineering Software Design & Engineering Software
- E-commerce Software E-commerce Software
- ERP Software ERP Software
- Financial Management Software Financial Management Software
- Governance, Risk & Compliance Software Governance, Risk & Compliance Software
- Human Capital Management Software Human Capital Management Software
- Productivity Software Productivity Software
- Sales & Marketing Automation Software Sales & Marketing Automation Software
- Supply Chain Management Software Supply Chain Management Software
- Video & Streaming Software Video & Streaming Software
Software - by Industry
- Automotive Software Automotive Software
- Education Software Education Software
- Energy & Utilities Software Energy & Utilities Software
- Financial Services Software Financial Services Software
- Healthcare Software Healthcare Software
- Industrial Software Industrial Software
- POS & Retail Management Software POS & Retail Management Software
- Professional Services Software Professional Services Software
- Public Sector & Non-Profit Software Public Sector & Non-Profit Software
- Real Estate Software Real Estate Software
- Transportation & Logistics Software Transportation & Logistics Software
- Travel & Hospitality Software Travel & Hospitality Software
Software - Infrastructure
- Cloud Infrastructure Cloud Infrastructure
- Cybersecurity Cybersecurity
- Data Infrastructure Data Infrastructure
- 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/Revenue	EV/EBITDA
DeNA	$2.6B	2.3x	19.1x
MNC Digital Entertainment	$1.7B	n/a	n/a
Modern Times Group	$1.6B	2.0x	7.8x
Better Collective	$1.1B	2.6x	8.4x
Nazara Technologies	$1.0B	5.3x	56.2x
NIP Group	$88.6M	n/a	n/a
HUYA	$87.3M	0.1x	-49.8x
Acer Gaming	$45.9M	n/a	n/a
GameSquare	$36.6M	0.4x	-3.4x
Allied Gaming	$26.8M	n/a	n/a
OverActive Media	$23.7M	1.2x	n/a
Enthusiast Gaming	$18.9M	0.4x	14.3x
Esports Entertainment	$0.8M	n/a	n/a
Skillz	-$24.4M	-0.3x	0.4x
DouYu	-$355M	n/a	n/a