Gaming - Mobile Valuation Multiples and Public Comps

Gaming - Mobile

See analyst estimates and all valuation multiples for Gaming - Mobile

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Tencent	$697B	6.6x	15.5x
Sea	$69.3B	3.1x	21.4x
NetEase	$65.2B	4.1x	11.7x
Roblox	$65.1B	10.0x	41.9x
Electronic Arts	$51.6B	6.6x	18.1x
Take-Two Interactive	$46.2B	7.4x	49.1x
Konami	$17.9B	6.0x	18.1x
NEXON	$16.0B	5.3x	16.5x
Giant Network Group Co.	$10.9B	15.2x	33.4x
Bilibili	$8.2B	1.9x	15.0x
Kunlun	$6.7B	6.0x	-72.8x
Kingnet Network	$6.1B	7.4x	19.0x
International Games System	$6.1B	8.6x	15.1x
37 Interactive	$5.8B	2.4x	11.4x
Krafton	$5.4B	2.5x	5.6x
Talkweb Information Systems	$5.2B	n/a	n/a
Square Enix	$4.9B	2.5x	13.9x
G-bits	$3.9B	4.7x	12.0x
Koei Tecmo	$3.9B	6.9x	17.0x
Playtika	$3.5B	1.3x	4.9x
XD	$3.5B	3.8x	13.7x
Netmarble	$3.2B	1.7x	10.0x
Modern Times Group	$2.0B	1.6x	7.2x
Ourpalm Co	$1.6B	13.6x	140.7x
MNC Digital Entertainment	$1.5B	n/a	n/a
YOOZOO Games	$1.5B	7.2x	-68.3x
Dalian Group	$1.4B	6.3x	1663.7x
DeNA	$1.4B	1.4x	5.8x
NCsoft	$1.4B	1.3x	16.5x
Kingsoft	$1.4B	1.0x	4.7x
Kakao Games	$1.1B	3.2x	156.6x
Embracer Group	$1.1B	0.5x	1.9x
Shift Up	$1.0B	5.2x	8.0x
ZX Inc.	$969M	1.3x	n/a
Nazara Technologies	$880M	4.1x	34.8x
NetDragon Websoft Hldgs	$775M	1.1x	5.9x
Stillfront Group	$775M	1.3x	3.7x
Hubei Century Network	$672M	3.4x	-527.9x
mixi	$571M	0.6x	3.1x
Kaiser (China) Culture	$555M	n/a	n/a
Softstar Entertainment	$503M	n/a	n/a
Wemade	$468M	1.1x	13.4x
Guangxi Xinxunda	$450M	n/a	n/a
ZQGame	$450M	n/a	n/a
PlayWay	$384M	4.8x	7.6x
Azerion Group	$380M	0.6x	7.3x
Yalla Group	$369M	1.1x	2.8x
Boyaa Interactive	$327M	n/a	n/a
VNG Corp.	$326M	n/a	n/a
iDreamSky Tech Holdings	$325M	1.6x	n/a
Gamania Digital	$272M	n/a	n/a
Nexters	$229M	0.6x	2.9x
AlphaPolis	$227M	2.2x	n/a
DoubleUGames	$227M	0.5x	1.4x
GD Culture Group	$225M	n/a	n/a
IGG	$215M	0.3x	2.3x
Huuuge	$184M	0.8x	2.0x
CMGE Technology Group	$176M	0.7x	n/a
Devsisters	$173M	0.8x	7.6x
X-LEGEND	$172M	n/a	n/a
7ROAD	$172M	n/a	n/a
Bushiroad	$168M	0.5x	n/a
Com2uS	$164M	n/a	n/a
JoyCity	$159M	n/a	n/a
Atari	$138M	n/a	n/a
KLab	$137M	2.6x	n/a
Neptune	$127M	n/a	n/a
Bank of Innovation	$126M	1.6x	n/a
Neowiz	$123M	0.4x	2.4x
UserJoy	$122M	2.8x	n/a
Enad Global 7	$122M	0.7x	3.6x
Akatsuki	$122M	0.8x	5.1x
Ten Square Games	$122M	n/a	n/a
Marvelous	$112M	0.5x	n/a
Golden Matrix Group	$111M	0.6x	5.0x
Gumi	$110M	1.9x	n/a
Soft-World	$106M	n/a	n/a
Nexus	$99.9M	n/a	n/a
Ateam Holdings	$99.5M	0.6x	8.6x
Chinese Gamer	$75.4M	n/a	n/a
GREE Holdings	$75.2M	0.2x	n/a
Envar Holding	$71.0M	n/a	n/a
Webzen	$62.2M	0.5x	2.5x
OnMobile	$58.4M	n/a	n/a
PlaySide Studios	$56.4M	1.7x	-164.0x
Maximum Entertainment	$53.9M	0.6x	6.8x
Arts Alliance	$52.9M	n/a	n/a
Trophy Games	$52.2M	n/a	n/a
DoubleDown Interactive Co	$51.6M	0.1x	0.4x
Aiming	$50.6M	0.5x	n/a
Coly	$48.9M	n/a	n/a
Gamesparcs	$46.8M	n/a	n/a
G5 Entertainment	$46.7M	0.5x	3.1x
Polski Holding Rozwoju	$45.3M	n/a	n/a
Gala	$42.3M	n/a	n/a
FriendTimes	$35.6M	0.2x	-48.7x
Artifex Mundi	$35.3M	1.2x	3.6x
Aeria	$34.7M	0.3x	n/a
Snail	$34.5M	1.6x	-2.2x
Homeland ITL	$34.4M	n/a	n/a
Kayac	$33.4M	0.3x	n/a
Qingci Games	$32.0M	0.4x	2.8x
Aptocrom	$29.8M	n/a	n/a
ME2ON Co.	$29.4M	n/a	n/a
Mobile Factory	$28.8M	1.3x	n/a
EMB Mission Bound	$25.4M	1.4x	7.7x
Fun Yours Technology Co	$24.8M	n/a	n/a
Ghost Studio	$24.7M	n/a	n/a
Beno TNR	$23.8M	n/a	n/a
5th Planet Games	$21.0M	n/a	n/a
Boombit	$20.6M	n/a	n/a
Happytuk Co	$20.2M	n/a	n/a
Extreme Co	$19.4M	0.3x	n/a
NHN Entertainment	$19.0M	0.0x	0.1x
T3 Entertainment	$18.7M	n/a	n/a
East Side Games Group	$16.9M	0.3x	38.5x
Playwith Korea	$16.6M	n/a	n/a
Thunderful Group	$15.6M	0.6x	-6.5x
Ultimate Games	$14.1M	n/a	n/a
MAG Interactive	$14.0M	n/a	n/a
Vivid Games	$13.1M	n/a	n/a
Games Operators	$12.8M	n/a	n/a
ITOXI	$10.2M	n/a	n/a
Kinda Brave Entertainment	$10.0M	59.8x	-4.5x
World Chess	$9.0M	3.3x	n/a
Tech Robotics	$8.9M	n/a	n/a
Dark Point Games	$8.9M	n/a	n/a
Proguns Group	$7.4M	n/a	n/a
Lichthund	$6.9M	n/a	n/a
Enish	$6.9M	0.3x	n/a
Noobz From Poland	$6.8M	n/a	n/a
Fragbite Group	$6.5M	n/a	n/a
Drago Entertainment	$6.2M	n/a	n/a
Gamivo	$5.5M	n/a	n/a
Starward Industries	$5.4M	n/a	n/a
Nitro Games	$5.3M	0.5x	3.3x
Simfabric	$5.3M	n/a	n/a
Plot Twist	$5.0M	n/a	n/a
ManyDev Studio	$4.9M	n/a	n/a
Edyoutec	$4.8M	n/a	n/a
Image Power	$4.2M	n/a	n/a
Munar	$4.2M	n/a	n/a
Carbon Studio	$3.7M	n/a	n/a
Red Square Games	$3.7M	n/a	n/a
Ovid Works	$3.6M	n/a	n/a
Pyramid Games	$3.5M	n/a	n/a
Skillz	$3.5M	0.0x	-0.1x
Mobirix	$3.3M	n/a	n/a
Varsav Game Studios	$3.2M	n/a	n/a
Star Vault	$3.2M	n/a	n/a
Madmind Studio	$3.1M	n/a	n/a
Play2Chill	$2.8M	n/a	n/a
Qubicgames	$2.5M	n/a	n/a
Megapixel Studio	$2.4M	n/a	n/a
Longterm Games	$2.3M	n/a	n/a
Road Studio	$2.0M	n/a	n/a
Intermarum	$1.9M	n/a	n/a
Console Labs	$1.8M	n/a	n/a
Simteract	$1.8M	n/a	n/a
7Levels	$1.7M	n/a	n/a
Freemind	$1.7M	n/a	n/a
VR Factory Games	$1.7M	n/a	n/a
Kool2play	$1.6M	n/a	n/a
Jumpgate	$1.6M	0.2x	-4.9x
Incuvo	$1.5M	n/a	n/a
Nippon Ichi Software	$1.5M	0.0x	n/a
Duality	$1.4M	n/a	n/a
Jujubee	$1.4M	n/a	n/a
Safe Lane Gaming	$1.4M	n/a	n/a
Gamehunters	$1.3M	n/a	n/a
Draw Distance	$1.2M	n/a	n/a
T Bull	$1.2M	n/a	n/a
ECC Games	$1.1M	n/a	n/a
CreativeForge Games	$1.0M	n/a	n/a
Space Fox Games	$1.0M	n/a	n/a
Examobile	$1.0M	n/a	n/a
Uf Games	$0.9M	n/a	n/a
Scout Gaming Group	$0.9M	n/a	n/a
Qiiwi Games	$0.9M	n/a	n/a
Windlands Interactive	$0.9M	n/a	n/a
Atomic Jelly	$0.9M	n/a	n/a
Gold Town Games	$0.9M	n/a	n/a
Immersion Games	$0.8M	n/a	n/a
Moonlit	$0.7M	n/a	n/a
Baked Games	$0.7M	n/a	n/a
Drageus Games	$0.7M	n/a	n/a
G-devs	$0.6M	n/a	n/a
Iron Wolf Studio	$0.6M	n/a	n/a
Black Rose Projects	$0.6M	n/a	n/a
Art Games Studio	$0.6M	n/a	n/a
Dust	$0.5M	n/a	n/a
Eneida Games	$0.5M	n/a	n/a
Live Motion Games	$0.4M	n/a	n/a
Demolish Games	$0.3M	n/a	n/a
Vrfabric	$0.1M	n/a	n/a
FSport	-$0.1M	n/a	n/a
CAVE Interactive	-$1.4M	-0.1x	n/a
Flexion Mobile	-$2.6M	-0.0x	-2.7x
PLAYSTUDIOS	-$8.1M	-0.0x	-0.2x
Zengame Technology Hldgs	-$13.8M	n/a	n/a
GigaMedia	-$18.1M	n/a	n/a
GRAVITY Co.	-$24.8M	n/a	n/a
Archosaur Games	-$28.0M	-0.2x	14.9x
COLOPL	-$33.6M	-0.2x	n/a
GungHo Online	-$50.8M	-0.1x	-0.9x
Actoz Soft Co	-$72.0M	n/a	n/a
Sohu	-$410M	-0.7x	19.5x