🚀 VC round data is live in beta, check it out!

Public Comps and Valuation Multiples for Gaming - Mobile

Benchmark revenue and EBITDA valuation multiples for public comps like
Tencent, NetEase, Sea, Electronic Arts and Roblox.

Select Vertical

Gaming - Mobile

Viewing 50 of 206 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Tencent	$593B	$591B	$112B	5.3x	12.6x
NetEase	$74B	$51B	$17B	3.1x	9.0x
Sea	$62B	$57B	$24B	2.3x	17.9x
Electronic Arts	$50B	$49B	$8B	6.1x	16.9x
Roblox	$48B	$47B	$7B	6.5x	25.7x
Konami	$17B	$16B	$3B	5.3x	15.6x
NEXON	$16B	$13B	$3B	4.1x	13.7x
Giant Network Group Co.	$11B	$11B	$862M	12.6x	26.7x
Bilibili	$11B	$9B	$4B	2.0x	14.7x
Kunlun	$11B	$11B	$1B	8.8x	(147.5x)
37Games	$8B	$7B	$3B	2.9x	14.0x
Kingnet Network	$8B	$7B	$891M	7.9x	20.2x
Krafton	$7B	$5B	$2B	2.0x	5.7x
Talkweb Information Systems	$6B	$6B	—	—	—
International Games System	$6B	$6B	$722M	7.8x	13.1x
Square Enix	$6B	$4B	$2B	2.3x	11.0x
XD	$5B	$4B	$904M	4.6x	15.5x
G-bits	$5B	$4B	$914M	4.2x	10.7x
Kingsoft	$4B	$490M	$1B	0.3x	1.3x
Koei Tecmo	$4B	$3B	$542M	6.1x	15.5x
Netmarble	$3B	$4B	$2B	1.8x	10.7x
NCsoft	$3B	$2B	$1B	1.6x	13.8x
Ourpalm	$2B	$2B	—	—	—
DeNA	$2B	$2B	$995M	1.6x	7.0x
MNC Digital Entertainment	$2B	$2B	—	—	—
Dalian Group	$2B	$2B	—	—	—
YOOZOO Games	$2B	$1B	—	—	—
Tanwan	$1B	$1B	—	—	—
Shift Up	$1B	$865M	$190M	4.5x	7.3x
Embracer Group	$1B	$972M	$2B	0.6x	2.4x
Modern Times Group	$1B	$1B	$1B	1.1x	4.9x
Yalla Group	$1B	$381M	$348M	1.1x	3.0x
mixi	$1B	$542M	$1B	0.5x	3.1x
Nazara Technologies	$1B	$988M	$205M	4.8x	36.8x
Playtika	$1B	$3B	$3B	1.1x	3.9x
Hubei Century Network	$996M	$849M	$201M	4.2x	—
GungHo Online	$890M	$12M	$609M	0.0x	0.2x
NHN Entertainment	$883M	$284M	$2B	0.2x	1.7x
Kakao Games	$840M	$1B	$330M	3.1x	105.0x
DoubleUGames	$704M	$232M	$508M	0.5x	1.3x
Wemade	$619M	$457M	$435M	1.0x	15.1x
Guangxi Xinxunda	$576M	$544M	—	—	—
NetDragon Websoft	$566M	$618M	$648M	1.0x	—
Kaiser (China) Culture	$542M	$537M	—	—	—
ZQGame	$540M	$551M	—	—	—
Sohu	$504M	($365M)	$584M	(0.6x)	7.1x
Soft-World	$476M	$118M	—	—	—
DoubleDown Interactive	$453M	$2M	$365M	0.0x	0.0x
GRAVITY Co.	$450M	$25M	—	—	—
PlayWay	$445M	$392M	$91M	4.3x	8.8x
IGG	$435M	$X.XB	$715M	X.Xx	X.Xx
GREE Holdings	$418M	$X.XB	$340M	X.Xx	X.Xx
VNG Corp.	$396M	$X.XB	—	X.Xx	X.Xx
COLOPL	$359M	$X.XB	$157M	X.Xx	X.Xx
Neowiz	$357M	$X.XB	$293M	X.Xx	X.Xx
Zengame Technology	$313M	$X.XB	—	X.Xx	X.Xx
Gamania Digital	$284M	$X.XB	$274M	X.Xx	X.Xx
Akatsuki	$283M	$X.XB	$156M	X.Xx	X.Xx
Webzen	$282M	$X.XB	$125M	X.Xx	X.Xx
Devsisters	$278M	$X.XB	$209M	X.Xx	X.Xx
Nexters	$275M	$X.XB	$410M	X.Xx	X.Xx
Huuuge	$268M	$X.XB	—	X.Xx	X.Xx
Boyaa Interactive	$254M	$X.XB	$60M	X.Xx	X.Xx
Homeland ITL	$237M	$X.XB	—	X.Xx	X.Xx
Qingci Games	$233M	$X.XB	$74M	X.Xx	X.Xx
AlphaPolis	$232M	$X.XB	$108M	X.Xx	X.Xx
Stillfront Group	$230M	$X.XB	$615M	X.Xx	X.Xx
Bushiroad	$226M	$X.XB	$360M	X.Xx	X.Xx
7ROAD	$224M	$X.XB	—	X.Xx	X.Xx
GD Culture Group	$213M	$X.XB	—	X.Xx	X.Xx
X-LEGEND	$212M	$X.XB	—	X.Xx	X.Xx
Marvelous	$190M	$X.XB	$231M	X.Xx	X.Xx
Ten Square Games	$180M	$X.XB	$102M	X.Xx	X.Xx
KLab	$160M	$X.XB	$45M	X.Xx	X.Xx
Archosaur Games	$155M	$X.XB	$190M	X.Xx	X.Xx
Neptune	$151M	$X.XB	—	X.Xx	X.Xx
Enad Global 7	$149M	$X.XB	$184M	X.Xx	X.Xx
FriendTimes	$145M	$X.XB	—	X.Xx	X.Xx
Bank of Innovation	$136M	$X.XB	$80M	X.Xx	X.Xx
iDreamSky Tech Holdings	$136M	$X.XB	—	X.Xx	X.Xx
Azerion Group	$133M	$X.XB	—	X.Xx	X.Xx
JoyCity	$132M	$X.XB	—	X.Xx	X.Xx
CMGE Technology Group	$132M	$X.XB	—	X.Xx	X.Xx
UserJoy	$124M	$X.XB	—	X.Xx	X.Xx
Ateam Holdings	$118M	$X.XB	$162M	X.Xx	X.Xx
Gumi	$104M	$X.XB	$62M	X.Xx	X.Xx
Golden Matrix Group	$97M	$X.XB	$192M	X.Xx	X.Xx
PlaySide Studios	$95M	$X.XB	$37M	X.Xx	X.Xx
Com2uS	$90M	$X.XB	—	X.Xx	X.Xx
Chinese Gamer	$84M	$X.XB	—	X.Xx	X.Xx
ME2ON Co.	$81M	$X.XB	—	X.Xx	X.Xx
Nexus	$77M	$X.XB	—	X.Xx	X.Xx
Atari	$75M	$X.XB	—	X.Xx	X.Xx
Ghost Studio	$73M	$X.XB	—	X.Xx	X.Xx
Gamesparcs	$70M	$X.XB	—	X.Xx	X.Xx
T3 Entertainment	$70M	$X.XB	—	X.Xx	X.Xx
Coly	$64M	$X.XB	—	X.Xx	X.Xx
PLAYSTUDIOS	$63M	$X.XB	$230M	X.Xx	X.Xx
Aiming	$62M	$X.XB	$103M	X.Xx	X.Xx
Trophy Games	$61M	$X.XB	—	X.Xx	X.Xx
Gamehaus Holdings	$54M	$X.XB	—	X.Xx	X.Xx
Mobile Factory	$54M	$X.XB	$22M	X.Xx	X.Xx
Envar Holding	$51M	$X.XB	$12M	X.Xx	X.Xx
Extreme Co	$50M	$X.XB	$77M	X.Xx	X.Xx
Skillz	$50M	$X.XB	$106M	X.Xx	X.Xx
Artifex Mundi	$48M	$X.XB	$26M	X.Xx	X.Xx
Kayac	$44M	$X.XB	$131M	X.Xx	X.Xx
Actoz Soft	$43M	$X.XB	—	X.Xx	X.Xx
G5 Entertainment	$42M	$X.XB	$101M	X.Xx	X.Xx
Arts Alliance	$39M	$X.XB	—	X.Xx	X.Xx
Polski Holding Rozwoju	$38M	$X.XB	—	X.Xx	X.Xx
Gala	$37M	$X.XB	—	X.Xx	X.Xx
Beno TNR	$35M	$X.XB	—	X.Xx	X.Xx
Aeria	$35M	$X.XB	$107M	X.Xx	X.Xx
Fun Yours Technology	$31M	$X.XB	—	X.Xx	X.Xx
Aptocrom	$28M	$X.XB	—	X.Xx	X.Xx
Nippon Ichi Software	$26M	$X.XB	$36M	X.Xx	X.Xx
CAVE Interactive	$26M	$X.XB	$11M	X.Xx	X.Xx
5th Planet Games	$25M	$X.XB	—	X.Xx	X.Xx
Snail	$25M	$X.XB	$84M	X.Xx	X.Xx
Boombit	$23M	$X.XB	—	X.Xx	X.Xx
Happytuk	$20M	$X.XB	—	X.Xx	X.Xx
Ultimate Games	$20M	$X.XB	—	X.Xx	X.Xx
EMB Mission Bound	$18M	$X.XB	—	X.Xx	X.Xx
Mobirix	$18M	$X.XB	—	X.Xx	X.Xx
GigaMedia	$17M	$X.XB	—	X.Xx	X.Xx
Playwith Korea	$17M	$X.XB	—	X.Xx	X.Xx
Flexion Mobile	$16M	$X.XB	$96M	X.Xx	X.Xx
Games Operators	$16M	$X.XB	—	X.Xx	X.Xx
MAG Interactive	$15M	$X.XB	—	X.Xx	X.Xx
Thunderful Group	$13M	$X.XB	$30M	X.Xx	X.Xx
East Side Games Group	$13M	$X.XB	$61M	X.Xx	X.Xx
Enish	$12M	$X.XB	$14M	X.Xx	X.Xx
Vivid Games	$10M	$X.XB	—	X.Xx	X.Xx
Tech Robotics	$10M	$X.XB	—	X.Xx	X.Xx
Proguns Group	$10M	$X.XB	—	X.Xx	X.Xx
Dark Point Games	$9M	$X.XB	—	X.Xx	X.Xx
Noobz From Poland	$9M	$X.XB	—	X.Xx	X.Xx
Lichthund	$8M	$X.XB	—	X.Xx	X.Xx
Kinda Brave Entertainment	$7M	$X.XB	—	X.Xx	X.Xx
Gamivo	$7M	$X.XB	—	X.Xx	X.Xx
Drago Entertainment	$6M	$X.XB	—	X.Xx	X.Xx
Fragbite Group	$6M	$X.XB	—	X.Xx	X.Xx
World Chess	$6M	$X.XB	—	X.Xx	X.Xx
Plot Twist	$6M	$X.XB	—	X.Xx	X.Xx
Simfabric	$5M	$X.XB	—	X.Xx	X.Xx
ITOXI	$5M	$X.XB	—	X.Xx	X.Xx
Munar	$5M	$X.XB	—	X.Xx	X.Xx
Jumpgate	$5M	$X.XB	—	X.Xx	X.Xx
ManyDev Studio	$5M	$X.XB	—	X.Xx	X.Xx
Starward Industries	$4M	$X.XB	—	X.Xx	X.Xx
Ovid Works	$4M	$X.XB	—	X.Xx	X.Xx
Nitro Games	$4M	$X.XB	$10M	X.Xx	X.Xx
Edyoutec	$4M	$X.XB	—	X.Xx	X.Xx
Star Vault	$4M	$X.XB	—	X.Xx	X.Xx
Red Square Games	$4M	$X.XB	—	X.Xx	X.Xx
Varsav Game Studios	$3M	$X.XB	—	X.Xx	X.Xx
Scout Gaming Group	$3M	$X.XB	—	X.Xx	X.Xx
Longterm Games	$3M	$X.XB	—	X.Xx	X.Xx
Pyramid Games	$3M	$X.XB	—	X.Xx	X.Xx
Incuvo	$3M	$X.XB	—	X.Xx	X.Xx
Examobile	$2M	$X.XB	—	X.Xx	X.Xx
Qubicgames	$2M	$X.XB	—	X.Xx	X.Xx
Simteract	$2M	$X.XB	—	X.Xx	X.Xx
Freemind	$2M	$X.XB	—	X.Xx	X.Xx
Road Studio	$2M	$X.XB	—	X.Xx	X.Xx
Image Power	$2M	$X.XB	—	X.Xx	X.Xx
Vrfabric	$2M	$X.XB	—	X.Xx	X.Xx
Console Labs	$2M	$X.XB	—	X.Xx	X.Xx
Carbon Studio	$2M	$X.XB	—	X.Xx	X.Xx
Qiiwi Games	$2M	$X.XB	—	X.Xx	X.Xx
Gamehunters	$2M	$X.XB	—	X.Xx	X.Xx
Play2Chill	$2M	$X.XB	—	X.Xx	X.Xx
Intermarum	$2M	$X.XB	—	X.Xx	X.Xx
Art Games Studio	$2M	$X.XB	—	X.Xx	X.Xx
VR Factory Games	$2M	$X.XB	—	X.Xx	X.Xx
Jujubee	$2M	$X.XB	—	X.Xx	X.Xx
Safe Lane Gaming	$1M	$X.XB	—	X.Xx	X.Xx
Baked Games	$1M	$X.XB	—	X.Xx	X.Xx
7Levels	$1M	$X.XB	—	X.Xx	X.Xx
Madmind Studio	$1M	$X.XB	—	X.Xx	X.Xx
CreativeForge Games	$1M	$X.XB	—	X.Xx	X.Xx
ECC Games	$1M	$X.XB	—	X.Xx	X.Xx
Duality	$1M	$X.XB	—	X.Xx	X.Xx
Atomic Jelly	$1M	$X.XB	—	X.Xx	X.Xx
T Bull	$1M	$X.XB	—	X.Xx	X.Xx
Gold Town Games	$1M	$X.XB	—	X.Xx	X.Xx
Uf Games	$1M	$X.XB	—	X.Xx	X.Xx
Windlands Interactive	$1M	$X.XB	—	X.Xx	X.Xx
Maximum Entertainment	$924K	$X.XB	—	X.Xx	X.Xx
Kool2play	$921K	$X.XB	—	X.Xx	X.Xx
Space Fox Games	$890K	$X.XB	—	X.Xx	X.Xx
Iron Wolf Studio	$822K	$X.XB	—	X.Xx	X.Xx
Dust	$656K	$X.XB	—	X.Xx	X.Xx
Megapixel Studio	$651K	$X.XB	—	X.Xx	X.Xx
Moonlit	$644K	$X.XB	—	X.Xx	X.Xx
Drageus Games	$580K	$X.XB	—	X.Xx	X.Xx
G-devs	$550K	$X.XB	—	X.Xx	X.Xx
Live Motion Games	$549K	$X.XB	—	X.Xx	X.Xx
FSport	$523K	$X.XB	—	X.Xx	X.Xx
Draw Distance	$447K	$X.XB	—	X.Xx	X.Xx
Demolish Games	$446K	$X.XB	—	X.Xx	X.Xx
Eneida Games	$409K	$X.XB	—	X.Xx	X.Xx
Black Rose Projects	$288K	$X.XB	—	X.Xx	X.Xx
CTRL Group	—	$X.XB	—	X.Xx	X.Xx
Solid Clouds	—	$X.XB	—	X.Xx	X.Xx