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	$725B	7.0x	16.6x
Sea	$81.5B	3.7x	25.8x
Roblox	$70.0B	11.2x	46.6x
Electronic Arts	$51.0B	6.5x	18.1x
Take-Two Interactive	$45.6B	7.4x	49.5x
Konami	$18.8B	6.3x	18.9x
NEXON	$15.5B	5.1x	16.0x
Giant Network Group Co.	$9.3B	13.6x	29.7x
Bilibili	$8.8B	2.1x	16.8x
Kunlun	$7.1B	6.5x	-76.6x
International Games System	$6.4B	9.1x	16.4x
Talkweb Information Systems	$6.0B	n/a	n/a
Kingnet Network	$5.9B	7.2x	18.7x
37 Interactive	$5.9B	2.4x	11.9x
Square Enix	$5.5B	2.8x	15.7x
Krafton	$5.3B	2.4x	5.4x
Koei Tecmo	$4.3B	7.5x	18.4x
G-bits	$3.8B	4.8x	12.1x
XD	$3.7B	4.2x	15.0x
Netmarble	$3.5B	1.8x	11.2x
Playtika	$3.4B	1.2x	4.7x
NCsoft	$2.3B	2.1x	27.0x
Kingsoft	$2.0B	1.4x	5.1x
Modern Times Group	$2.0B	1.7x	7.6x
MNC Digital Entertainment	$1.8B	n/a	n/a
Ourpalm Co	$1.7B	14.6x	151.6x
Embracer Group	$1.6B	0.8x	2.9x
Dalian Group	$1.6B	6.5x	1862.2x
YOOZOO Games	$1.5B	7.6x	-72.4x
DeNA	$1.4B	1.4x	6.0x
Nazara Technologies	$1.1B	4.9x	43.5x
Kakao Games	$1.1B	3.1x	91.3x
Shift Up	$979M	5.0x	7.6x
NetDragon Websoft Hldgs	$804M	1.1x	5.8x
ZX Inc.	$795M	1.0x	n/a
Stillfront Group	$778M	1.3x	3.7x
Hubei Century Network	$729M	3.7x	37.1x
mixi	$653M	0.6x	3.2x
Kaiser (China) Culture	$582M	n/a	n/a
Softstar Entertainment	$512M	n/a	n/a
ZQGame	$491M	n/a	n/a
Wemade	$441M	1.1x	15.5x
Guangxi Xinxunda	$428M	n/a	n/a
Azerion Group	$426M	0.6x	4.6x
VNG Corp.	$404M	n/a	n/a
PlayWay	$393M	4.9x	7.9x
NHN Entertainment	$374M	0.2x	2.9x
Boyaa Interactive	$360M	n/a	n/a
Yalla Group	$356M	1.0x	2.7x
iDreamSky Tech Holdings	$343M	1.6x	n/a
Nexters	$313M	0.8x	4.9x
GD Culture Group	$268M	n/a	n/a
Gamania Digital	$267M	n/a	n/a
IGG	$227M	0.3x	8.1x
7ROAD	$222M	n/a	n/a
Bushiroad	$207M	0.6x	n/a
AlphaPolis	$202M	2.0x	n/a
Com2uS	$193M	n/a	n/a
Devsisters	$183M	0.8x	7.0x
CMGE Technology Group	$180M	0.8x	n/a
X-LEGEND	$173M	n/a	n/a
Huuuge	$166M	0.7x	1.8x
DoubleUGames	$165M	0.3x	1.0x
Neowiz	$162M	0.6x	3.4x
Bank of Innovation	$161M	n/a	n/a
Atari	$142M	n/a	n/a
Neptune	$137M	n/a	n/a
JoyCity	$131M	n/a	n/a
Akatsuki	$127M	0.9x	5.2x
Ten Square Games	$126M	n/a	n/a
Golden Matrix Group	$122M	0.7x	5.5x
Marvelous	$121M	0.6x	n/a
Gumi	$116M	2.0x	n/a
UserJoy	$111M	2.5x	n/a
Enad Global 7	$109M	0.6x	3.9x
Nexus	$103M	n/a	n/a
Qingci Games	$103M	1.4x	9.3x
Ateam Holdings	$94.4M	0.6x	8.1x
Soft-World	$87.3M	n/a	n/a
KLab	$84.9M	1.6x	n/a
Chinese Gamer	$71.6M	n/a	n/a
GREE Holdings	$70.5M	0.2x	n/a
OnMobile	$67.3M	n/a	n/a
Envar Holding	$65.7M	n/a	n/a
DoubleDown Interactive Co	$62.5M	0.2x	0.4x
Maximum Entertainment	$53.4M	0.6x	6.8x
PlaySide Studios	$52.2M	1.6x	-54.0x
Coly	$51.6M	n/a	n/a
Aiming	$50.0M	0.4x	n/a
Trophy Games	$49.7M	n/a	n/a
G5 Entertainment	$47.1M	0.5x	3.0x
Homeland ITL	$46.0M	n/a	n/a
Gala	$44.9M	n/a	n/a
ME2ON Co.	$44.6M	n/a	n/a
FriendTimes	$40.3M	0.3x	-55.1x
Polski Holding Rozwoju	$39.5M	n/a	n/a
Artifex Mundi	$38.4M	1.3x	4.4x
Gamesparcs	$38.0M	n/a	n/a
Aeria	$35.1M	0.3x	n/a
EMB Mission Bound	$32.2M	1.8x	11.6x
Kayac	$32.1M	0.3x	n/a
Snail	$31.8M	0.4x	-2.2x
Mobile Factory	$28.2M	1.2x	n/a
Webzen	$27.3M	0.2x	0.9x
Beno TNR	$27.3M	n/a	n/a
Ghost Studio	$24.2M	n/a	n/a
Fun Yours Technology Co	$23.6M	n/a	n/a
Aptocrom	$23.3M	n/a	n/a
Playwith Korea	$22.0M	n/a	n/a
Boombit	$20.8M	n/a	n/a
T3 Entertainment	$19.7M	n/a	n/a
Thunderful Group	$19.5M	0.7x	-9.6x
Happytuk Co	$19.5M	n/a	n/a
5th Planet Games	$17.5M	n/a	n/a
Extreme Co	$17.1M	0.2x	n/a
ITOXI	$17.0M	n/a	n/a
Games Operators	$16.6M	n/a	n/a
MAG Interactive	$16.5M	n/a	n/a
Ultimate Games	$15.7M	n/a	n/a
East Side Games Group	$14.6M	0.3x	15.2x
CTRL Group	$14.2M	n/a	n/a
Vivid Games	$12.6M	n/a	n/a
Enish	$12.0M	0.6x	n/a
Tech Robotics	$10.2M	n/a	n/a
Kinda Brave Entertainment	$8.7M	52.5x	-4.0x
Dark Point Games	$8.7M	n/a	n/a
Mobirix	$7.7M	n/a	n/a
Proguns Group	$7.5M	n/a	n/a
Lichthund	$7.3M	n/a	n/a
Noobz From Poland	$7.3M	n/a	n/a
World Chess	$7.3M	2.7x	n/a
Drago Entertainment	$6.8M	n/a	n/a
Fragbite Group	$6.5M	n/a	n/a
Gamivo	$6.1M	n/a	n/a
Skillz	$5.9M	0.1x	-0.1x
Plot Twist	$5.9M	n/a	n/a
Simfabric	$5.4M	n/a	n/a
Nitro Games	$5.4M	0.5x	3.3x
Starward Industries	$5.3M	n/a	n/a
Edyoutec	$5.2M	n/a	n/a
Arts Alliance	$5.1M	n/a	n/a
ManyDev Studio	$4.9M	n/a	n/a
Nippon Ichi Software	$4.4M	0.1x	n/a
Pyramid Games	$4.1M	n/a	n/a
Red Square Games	$3.9M	n/a	n/a
Ovid Works	$3.6M	n/a	n/a
Carbon Studio	$3.5M	n/a	n/a
Varsav Game Studios	$3.3M	n/a	n/a
Star Vault	$3.2M	n/a	n/a
Madmind Studio	$2.9M	n/a	n/a
Longterm Games	$2.7M	n/a	n/a
Play2Chill	$2.6M	n/a	n/a
Qubicgames	$2.6M	n/a	n/a
Megapixel Studio	$2.5M	n/a	n/a
Jumpgate	$2.4M	0.3x	-7.4x
Safe Lane Gaming	$2.4M	n/a	n/a
Road Studio	$2.2M	n/a	n/a
VR Factory Games	$2.2M	n/a	n/a
Console Labs	$2.0M	n/a	n/a
Freemind	$1.9M	n/a	n/a
Simteract	$1.9M	n/a	n/a
Intermarum	$1.8M	n/a	n/a
Image Power	$1.8M	n/a	n/a
Kool2play	$1.8M	n/a	n/a
7Levels	$1.8M	n/a	n/a
Incuvo	$1.6M	n/a	n/a
Gamehunters	$1.6M	n/a	n/a
Jujubee	$1.6M	n/a	n/a
Duality	$1.6M	n/a	n/a
Munar	$1.4M	n/a	n/a
ECC Games	$1.3M	n/a	n/a
T Bull	$1.3M	n/a	n/a
Examobile	$1.3M	n/a	n/a
Draw Distance	$1.2M	n/a	n/a
Immersion Games	$1.2M	n/a	n/a
Space Fox Games	$1.2M	n/a	n/a
Scout Gaming Group	$1.2M	n/a	n/a
Qiiwi Games	$1.2M	n/a	n/a
Detalion Games	$1.1M	n/a	n/a
CreativeForge Games	$1.1M	n/a	n/a
CAVE Interactive	$1.1M	0.1x	n/a
Uf Games	$1.0M	n/a	n/a
Atomic Jelly	$0.9M	n/a	n/a
Windlands Interactive	$0.8M	n/a	n/a
Moonlit	$0.8M	n/a	n/a
Gold Town Games	$0.8M	n/a	n/a
Iron Wolf Studio	$0.7M	n/a	n/a
Art Games Studio	$0.7M	n/a	n/a
Black Rose Projects	$0.7M	n/a	n/a
Drageus Games	$0.7M	n/a	n/a
Baked Games	$0.5M	n/a	n/a
Dust	$0.5M	n/a	n/a
Eneida Games	$0.4M	n/a	n/a
Live Motion Games	$0.4M	n/a	n/a
G-devs	$0.3M	n/a	n/a
Demolish Games	$0.3M	n/a	n/a
Vrfabric	$29K	n/a	n/a
FSport	-$0.2M	n/a	n/a
Flexion Mobile	-$3.1M	-0.0x	-1.1x
PLAYSTUDIOS	-$13.0M	-0.1x	-0.3x
Zengame Technology Hldgs	-$15.7M	n/a	n/a
Archosaur Games	-$16.4M	-0.1x	3.5x
COLOPL	-$16.5M	-0.1x	n/a
GigaMedia	-$17.5M	n/a	n/a
GRAVITY Co.	-$26.6M	n/a	n/a
Actoz Soft Co	-$68.6M	n/a	n/a
GungHo Online	-$68.7M	-0.1x	-1.2x
Sohu	-$411M	-0.7x	16.3x