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	$702B	7.1x	17.0x
Sea	$101B	5.0x	35.7x
Roblox	$88.2B	16.1x	73.7x
NetEase	$67.7B	4.4x	12.9x
Take-Two Interactive	$45.9B	7.8x	55.6x
Electronic Arts	$43.2B	5.7x	16.1x
Konami	$18.6B	6.2x	19.3x
NEXON	$15.4B	5.0x	15.9x
Giant Network Group Co.	$8.5B	14.8x	31.8x
Krafton	$7.9B	3.7x	7.8x
Bilibili	$7.7B	1.9x	16.3x
Kunlun	$7.2B	7.6x	-105.1x
Square Enix	$6.6B	3.1x	19.3x
Talkweb Information Systems	$6.6B	n/a	n/a
International Games System	$6.5B	9.5x	19.2x
Kingnet Network	$6.3B	7.9x	21.2x
37 Interactive	$5.3B	2.1x	11.9x
XD	$4.4B	5.4x	20.6x
Netmarble	$4.0B	2.0x	12.9x
Koei Tecmo	$4.0B	6.9x	16.9x
G-bits	$3.9B	5.7x	15.5x
Playtika	$3.3B	1.2x	4.5x
Kingsoft	$2.5B	1.7x	5.5x
YOOZOO Games	$1.9B	9.3x	46.2x
MNC Digital Entertainment	$1.9B	n/a	n/a
NCsoft	$1.8B	1.7x	28.3x
Ourpalm Co	$1.8B	17.9x	105.5x
Dalian Group	$1.6B	7.0x	1971.6x
Embracer Group	$1.5B	0.7x	2.5x
Modern Times Group	$1.5B	1.5x	6.2x
DeNA	$1.4B	1.3x	5.7x
Shift Up	$1.2B	6.3x	9.4x
Kakao Games	$1.2B	3.0x	44.2x
Nazara Technologies	$1.2B	5.5x	51.7x
ZX Inc.	$926M	1.2x	n/a
Hubei Century Network	$817M	4.2x	56.3x
NetDragon Websoft Hldgs	$769M	1.0x	4.0x
mixi	$738M	0.7x	3.7x
Stillfront Group	$693M	1.1x	3.2x
Boyaa Interactive	$655M	n/a	n/a
Grupa Niewiadow PGMS	$582M	n/a	n/a
Kaiser (China) Culture	$510M	n/a	n/a
Yalla Group	$491M	1.4x	3.8x
Wemade	$482M	1.1x	37.5x
Azerion Group	$437M	0.6x	5.2x
ZQGame	$431M	n/a	n/a
iDreamSky Tech Holdings	$412M	2.0x	n/a
PlayWay	$409M	4.6x	9.0x
VNG Corp.	$405M	n/a	n/a
Guangxi Xinxunda	$384M	n/a	n/a
Devsisters	$339M	1.5x	11.2x
IGG	$330M	0.4x	-56.1x
Gamania Digital	$266M	n/a	n/a
Bushiroad	$261M	0.7x	n/a
NHN Entertainment	$257M	0.1x	2.1x
CMGE Technology Group	$239M	1.0x	n/a
Bank of Innovation	$236M	2.6x	n/a
GREE Holdings	$220M	0.6x	n/a
Nexters	$218M	0.5x	5.4x
Com2uS	$215M	n/a	n/a
AlphaPolis	$208M	2.1x	n/a
Gumi	$205M	3.4x	n/a
Softstar Entertainment	$191M	n/a	n/a
X-LEGEND	$173M	n/a	n/a
Neptune	$169M	n/a	n/a
7ROAD	$168M	n/a	n/a
DoubleUGames	$165M	0.3x	0.9x
Neowiz	$163M	0.6x	3.5x
Huuuge	$155M	0.6x	1.8x
Atari	$151M	n/a	n/a
Golden Matrix Group	$145M	0.8x	6.5x
JoyCity	$145M	n/a	n/a
Marvelous	$143M	0.7x	n/a
Nexus	$140M	n/a	n/a
Ateam Holdings	$138M	n/a	n/a
UserJoy	$121M	2.5x	n/a
Akatsuki	$120M	0.7x	3.4x
Ten Square Games	$118M	n/a	n/a
Soft-World	$114M	n/a	n/a
Enad Global 7	$103M	0.6x	3.5x
ME2ON Co.	$86.9M	n/a	n/a
GungHo Online	$82.5M	0.1x	0.7x
Qingci Games	$75.2M	0.9x	12.9x
Chinese Gamer	$74.3M	n/a	n/a
FriendTimes	$72.5M	0.4x	4.9x
GD Culture Group	$64.4M	n/a	n/a
Aiming	$63.4M	0.6x	n/a
OnMobile	$62.0M	n/a	n/a
KLab	$59.7M	1.1x	n/a
COLOPL	$58.9M	0.3x	n/a
Coly	$58.5M	n/a	n/a
Envar Holding	$56.9M	n/a	n/a
PlaySide Studios	$50.4M	1.6x	-16.7x
G5 Entertainment	$49.4M	0.5x	2.5x
Gala	$48.8M	n/a	n/a
Trophy Games	$48.6M	n/a	n/a
Maximum Entertainment	$47.8M	0.5x	6.1x
Artifex Mundi	$46.7M	1.6x	5.2x
Gamesparcs	$44.7M	n/a	n/a
Aeria	$42.7M	0.3x	n/a
Beno TNR	$42.5M	n/a	n/a
DoubleDown Interactive Co	$40.7M	0.1x	0.3x
AP Healthcare	$38.9M	n/a	n/a
GRAVITY Co.	$38.5M	n/a	n/a
Ghost Studio	$38.2M	n/a	n/a
Snail	$37.2M	0.4x	-26.9x
Polski Holding Rozwoju	$37.2M	n/a	n/a
T3 Entertainment	$34.5M	n/a	n/a
Fun Yours Technology Co	$33.0M	n/a	n/a
Skillz	$31.7M	0.3x	-0.7x
Kayac	$31.6M	0.3x	n/a
MAG Interactive	$29.9M	n/a	n/a
EMB Mission Bound	$29.3M	1.9x	13.0x
Mobile Factory	$29.1M	1.3x	n/a
ITOXI	$25.6M	n/a	n/a
Enish	$23.9M	1.1x	n/a
Playwith Korea	$23.8M	n/a	n/a
Zengame Technology Hldgs	$21.9M	n/a	n/a
Boombit	$21.8M	n/a	n/a
CTRL Group	$20.9M	n/a	n/a
Games Operators	$20.6M	n/a	n/a
East Side Games Group	$20.1M	0.3x	2.6x
Extreme Co	$20.0M	0.3x	n/a
5th Planet Games	$18.5M	n/a	n/a
PLAYSTUDIOS	$17.1M	0.1x	0.3x
Happytuk Co	$16.8M	n/a	n/a
CAVE Interactive	$16.5M	1.5x	n/a
Vivid Games	$16.5M	n/a	n/a
Flexion Mobile	$15.8M	0.2x	1.7x
Ultimate Games	$13.9M	n/a	n/a
Thunderful Group	$12.2M	0.4x	-8.5x
World Chess	$12.1M	4.3x	n/a
Mobirix	$11.0M	n/a	n/a
Tech Robotics	$10.2M	n/a	n/a
Fragbite Group	$9.8M	n/a	n/a
Proguns Group	$9.5M	n/a	n/a
Kinda Brave Entertainment	$8.7M	52.9x	-4.0x
Lichthund	$8.0M	n/a	n/a
Dark Point Games	$7.9M	n/a	n/a
Arts Alliance	$7.2M	n/a	n/a
Nippon Ichi Software	$7.0M	0.2x	n/a
Starward Industries	$7.0M	n/a	n/a
Nitro Games	$5.9M	0.5x	3.6x
Gamivo	$5.9M	n/a	n/a
Simfabric	$5.8M	n/a	n/a
Noobz From Poland	$5.7M	n/a	n/a
ManyDev Studio	$5.5M	n/a	n/a
Drago Entertainment	$5.3M	n/a	n/a
Scout Gaming Group	$5.1M	n/a	n/a
Carbon Studio	$4.7M	n/a	n/a
Edyoutec	$4.6M	n/a	n/a
Ovid Works	$4.5M	n/a	n/a
Plot Twist	$4.2M	n/a	n/a
Klabater	$4.1M	n/a	n/a
Red Square Games	$4.0M	n/a	n/a
Madmind Studio	$4.0M	n/a	n/a
Pyramid Games	$3.9M	n/a	n/a
Play2Chill	$3.7M	n/a	n/a
Star Vault	$3.7M	n/a	n/a
Longterm Games	$3.2M	n/a	n/a
Varsav Game Studios	$3.1M	n/a	n/a
ECC Games	$3.0M	n/a	n/a
VR Factory Games	$2.7M	n/a	n/a
Megapixel Studio	$2.7M	n/a	n/a
Jujubee	$2.6M	n/a	n/a
Immersion Games	$2.6M	n/a	n/a
Road Studio	$2.4M	n/a	n/a
Simteract	$2.4M	n/a	n/a
Gamehunters	$2.2M	n/a	n/a
Qubicgames	$2.2M	n/a	n/a
Safe Lane Gaming	$2.1M	n/a	n/a
Console Labs	$2.0M	n/a	n/a
7Levels	$1.9M	n/a	n/a
Jumpgate	$1.9M	0.3x	5.2x
Freemind	$1.9M	n/a	n/a
Intermarum	$1.8M	n/a	n/a
Gold Town Games	$1.8M	n/a	n/a
Kool2play	$1.7M	n/a	n/a
Image Power	$1.7M	n/a	n/a
Windlands Interactive	$1.5M	n/a	n/a
Space Fox Games	$1.4M	n/a	n/a
Qiiwi Games	$1.3M	n/a	n/a
Munar	$1.3M	n/a	n/a
CreativeForge Games	$1.3M	n/a	n/a
Draw Distance	$1.2M	n/a	n/a
Baked Games	$1.2M	n/a	n/a
T Bull	$1.2M	n/a	n/a
Uf Games	$1.1M	n/a	n/a
G-devs	$1.0M	n/a	n/a
Detalion Games	$1.0M	n/a	n/a
Duality	$1.0M	n/a	n/a
Atomic Jelly	$1.0M	n/a	n/a
Examobile	$0.9M	n/a	n/a
FSport	$0.9M	n/a	n/a
Dust	$0.8M	n/a	n/a
Moonlit	$0.8M	n/a	n/a
Iron Wolf Studio	$0.8M	n/a	n/a
Art Games Studio	$0.8M	n/a	n/a
Drageus Games	$0.7M	n/a	n/a
Eneida Games	$0.6M	n/a	n/a
Black Rose Projects	$0.6M	n/a	n/a
SOZAP	$0.5M	n/a	n/a
Live Motion Games	$0.5M	n/a	n/a
Demolish Games	$0.4M	n/a	n/a
Vrfabric	-$41K	n/a	n/a
Incuvo	-$0.9M	n/a	n/a
Webzen	-$5.8M	-0.0x	-0.2x
Homeland ITL	-$15.7M	n/a	n/a
GigaMedia	-$17.7M	n/a	n/a
Archosaur Games	-$22.2M	-0.1x	0.5x
Actoz Soft Co	-$69.0M	n/a	n/a
Sohu	-$381M	-0.7x	5.2x