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	$774B	7.7x	18.5x
Sea	$107B	5.2x	37.1x
Roblox	$93.3B	16.9x	76.2x
NetEase	$81.1B	5.2x	15.2x
Take-Two Interactive	$47.2B	8.0x	56.7x
Electronic Arts	$43.4B	5.7x	16.1x
Konami	$18.8B	6.2x	19.2x
NEXON	$15.7B	5.1x	16.2x
Giant Network Group Co.	$11.9B	20.2x	44.6x
Bilibili	$9.8B	2.4x	20.3x
Kingnet Network	$8.0B	10.0x	26.6x
Krafton	$7.6B	3.5x	7.5x
Kunlun	$6.9B	7.1x	-103.1x
Square Enix	$6.8B	3.2x	19.5x
Talkweb Information Systems	$6.7B	n/a	n/a
International Games System	$6.7B	9.8x	19.6x
37 Interactive	$6.5B	2.6x	14.5x
G-bits	$5.0B	7.1x	19.3x
XD	$4.9B	5.8x	21.8x
Netmarble	$4.6B	2.3x	14.5x
Koei Tecmo	$4.2B	7.1x	17.5x
Playtika	$3.2B	1.2x	4.4x
Kingsoft	$2.8B	1.9x	6.7x
NCsoft	$2.6B	2.3x	36.3x
MNC Digital Entertainment	$2.1B	n/a	n/a
Ourpalm Co	$1.9B	18.4x	105.4x
Embracer Group	$1.8B	0.8x	2.9x
Dalian Group	$1.7B	7.3x	2043.3x
YOOZOO Games	$1.7B	7.9x	35.8x
Modern Times Group	$1.6B	1.5x	6.5x
DeNA	$1.5B	1.4x	6.1x
Shift Up	$1.3B	6.4x	9.6x
Kakao Games	$1.2B	3.1x	48.7x
Nazara Technologies	$1.1B	5.2x	48.0x
ZX Inc.	$970M	1.3x	n/a
Hubei Century Network	$862M	4.4x	55.3x
NetDragon Websoft Hldgs	$853M	1.2x	5.7x
mixi	$755M	0.7x	3.8x
Stillfront Group	$725M	1.1x	3.3x
Boyaa Interactive	$697M	n/a	n/a
Kaiser (China) Culture	$531M	n/a	n/a
Yalla Group	$512M	1.5x	3.9x
Wemade	$497M	1.1x	39.6x
ZQGame	$466M	n/a	n/a
Azerion Group	$443M	0.6x	5.1x
PlayWay	$425M	4.7x	9.2x
iDreamSky Tech Holdings	$411M	2.0x	n/a
VNG Corp.	$405M	n/a	n/a
Devsisters	$362M	1.5x	11.8x
Guangxi Xinxunda	$342M	n/a	n/a
IGG	$338M	0.5x	8.1x
NHN Entertainment	$305M	0.2x	2.4x
Gamania Digital	$267M	n/a	n/a
Bushiroad	$248M	0.7x	n/a
GREE Holdings	$241M	0.6x	n/a
Nexters	$239M	0.6x	4.8x
CMGE Technology Group	$229M	1.0x	n/a
Neowiz	$227M	0.8x	5.0x
Bank of Innovation	$219M	2.4x	n/a
DoubleUGames	$217M	0.4x	1.2x
Com2uS	$217M	n/a	n/a
AlphaPolis	$209M	2.1x	n/a
Softstar Entertainment	$203M	n/a	n/a
Gumi	$198M	3.3x	n/a
Huuuge	$177M	0.7x	2.0x
Neptune	$176M	n/a	n/a
X-LEGEND	$168M	n/a	n/a
Atari	$160M	n/a	n/a
7ROAD	$155M	n/a	n/a
Marvelous	$149M	0.7x	n/a
Nexus	$149M	n/a	n/a
JoyCity	$147M	n/a	n/a
Golden Matrix Group	$136M	0.8x	6.1x
Soft-World	$135M	n/a	n/a
Akatsuki	$132M	0.9x	4.8x
GD Culture Group	$131M	n/a	n/a
UserJoy	$121M	2.5x	n/a
Ten Square Games	$120M	n/a	n/a
Enad Global 7	$120M	0.7x	3.8x
GungHo Online	$107M	0.2x	0.9x
KLab	$102M	1.8x	n/a
Ateam Holdings	$92.9M	0.6x	10.8x
ME2ON Co.	$83.7M	n/a	n/a
Qingci Games	$83.5M	1.1x	8.3x
FriendTimes	$78.0M	0.4x	4.3x
OnMobile	$77.1M	n/a	n/a
Chinese Gamer	$74.7M	n/a	n/a
Aiming	$67.3M	0.6x	n/a
COLOPL	$66.3M	0.4x	n/a
Coly	$64.8M	n/a	n/a
PlaySide Studios	$54.2M	1.7x	-20.4x
G5 Entertainment	$51.6M	0.5x	2.7x
Gala	$50.0M	n/a	n/a
Maximum Entertainment	$48.3M	0.5x	6.1x
Beno TNR	$45.5M	n/a	n/a
Artifex Mundi	$43.5M	1.5x	4.9x
Envar Holding	$43.5M	n/a	n/a
Gamesparcs	$42.4M	n/a	n/a
Aptocrom	$41.1M	n/a	n/a
Trophy Games	$40.4M	n/a	n/a
Ghost Studio	$40.0M	n/a	n/a
Snail	$40.0M	0.4x	-23.9x
Aeria	$39.7M	0.3x	n/a
Polski Holding Rozwoju	$38.9M	n/a	n/a
Playwith Korea	$34.1M	n/a	n/a
T3 Entertainment	$31.9M	n/a	n/a
Kayac	$30.8M	0.3x	n/a
MAG Interactive	$30.5M	n/a	n/a
Mobile Factory	$29.4M	1.3x	n/a
GRAVITY Co.	$28.5M	n/a	n/a
EMB Mission Bound	$27.6M	1.7x	11.5x
Archosaur Games	$27.0M	0.2x	-2.2x
Fun Yours Technology Co	$26.8M	n/a	n/a
CTRL Group	$26.6M	n/a	n/a
DoubleDown Interactive Co	$25.8M	0.1x	0.2x
Boombit	$21.8M	n/a	n/a
Enish	$21.4M	0.9x	n/a
Games Operators	$21.2M	n/a	n/a
East Side Games Group	$21.0M	0.4x	2.7x
Extreme Co	$20.8M	0.3x	n/a
Thunderful Group	$20.6M	0.8x	-8.3x
Happytuk Co	$19.9M	n/a	n/a
World Chess	$19.5M	7.0x	n/a
ITOXI	$19.3M	n/a	n/a
PLAYSTUDIOS	$16.6M	0.1x	0.3x
5th Planet Games	$16.6M	n/a	n/a
Vivid Games	$16.5M	n/a	n/a
Ultimate Games	$13.2M	n/a	n/a
Mobirix	$13.0M	n/a	n/a
Flexion Mobile	$12.1M	0.1x	2.9x
Fragbite Group	$11.5M	n/a	n/a
Skillz	$11.1M	0.1x	-0.2x
Tech Robotics	$10.4M	n/a	n/a
Kinda Brave Entertainment	$10.1M	60.3x	-4.6x
CAVE Interactive	$9.2M	0.8x	n/a
Proguns Group	$8.7M	n/a	n/a
Arts Alliance	$7.9M	n/a	n/a
Dark Point Games	$7.7M	n/a	n/a
Nippon Ichi Software	$7.5M	0.2x	n/a
Noobz From Poland	$7.4M	n/a	n/a
Starward Industries	$7.4M	n/a	n/a
Lichthund	$7.4M	n/a	n/a
Drago Entertainment	$6.0M	n/a	n/a
Nitro Games	$5.9M	0.5x	3.6x
Simfabric	$5.7M	n/a	n/a
Gamivo	$5.6M	n/a	n/a
ManyDev Studio	$5.5M	n/a	n/a
Scout Gaming Group	$5.2M	n/a	n/a
Red Square Games	$4.8M	n/a	n/a
Ovid Works	$4.5M	n/a	n/a
Plot Twist	$4.5M	n/a	n/a
Edyoutec	$4.4M	n/a	n/a
Longterm Games	$4.3M	n/a	n/a
Klabater	$4.1M	n/a	n/a
Carbon Studio	$4.1M	n/a	n/a
Play2Chill	$3.9M	n/a	n/a
Pyramid Games	$3.8M	n/a	n/a
Zengame Technology Hldgs	$3.5M	n/a	n/a
Madmind Studio	$3.4M	n/a	n/a
Star Vault	$3.4M	n/a	n/a
Varsav Game Studios	$3.4M	n/a	n/a
Megapixel Studio	$2.7M	n/a	n/a
Jujubee	$2.5M	n/a	n/a
Simteract	$2.5M	n/a	n/a
ECC Games	$2.4M	n/a	n/a
VR Factory Games	$2.4M	n/a	n/a
Road Studio	$2.4M	n/a	n/a
Safe Lane Gaming	$2.3M	n/a	n/a
Qubicgames	$2.2M	n/a	n/a
Gamehunters	$2.2M	n/a	n/a
Freemind	$2.1M	n/a	n/a
Immersion Games	$2.1M	n/a	n/a
Console Labs	$2.0M	n/a	n/a
Jumpgate	$1.9M	0.3x	-5.9x
Kool2play	$1.9M	n/a	n/a
Image Power	$1.9M	n/a	n/a
7Levels	$1.9M	n/a	n/a
Intermarum	$1.9M	n/a	n/a
Space Fox Games	$1.5M	n/a	n/a
Munar	$1.3M	n/a	n/a
Examobile	$1.3M	n/a	n/a
Baked Games	$1.3M	n/a	n/a
CreativeForge Games	$1.3M	n/a	n/a
Windlands Interactive	$1.3M	n/a	n/a
Draw Distance	$1.2M	n/a	n/a
T Bull	$1.2M	n/a	n/a
Duality	$1.2M	n/a	n/a
Detalion Games	$1.2M	n/a	n/a
Qiiwi Games	$1.1M	n/a	n/a
Uf Games	$1.0M	n/a	n/a
G-devs	$1.0M	n/a	n/a
Atomic Jelly	$1.0M	n/a	n/a
Moonlit	$0.9M	n/a	n/a
Iron Wolf Studio	$0.8M	n/a	n/a
Dust	$0.8M	n/a	n/a
Art Games Studio	$0.8M	n/a	n/a
Black Rose Projects	$0.8M	n/a	n/a
Live Motion Games	$0.7M	n/a	n/a
Gold Town Games	$0.7M	n/a	n/a
Eneida Games	$0.6M	n/a	n/a
Drageus Games	$0.6M	n/a	n/a
Demolish Games	$0.5M	n/a	n/a
SOZAP	$0.4M	n/a	n/a
FSport	$0.2M	n/a	n/a
Vrfabric	-$0.1M	n/a	n/a
Webzen	-$1.0M	-0.0x	-0.0x
Incuvo	-$1.0M	n/a	n/a
GigaMedia	-$14.6M	n/a	n/a
Homeland ITL	-$26.2M	n/a	n/a
Actoz Soft Co	-$70.5M	n/a	n/a
Sohu	-$397M	-0.7x	5.4x