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	$631B	5.9x	13.9x
Sea	$58.6B	2.6x	17.4x
NetEase	$56.0B	3.5x	10.0x
Electronic Arts	$49.1B	6.2x	17.1x
Roblox	$45.5B	6.9x	28.6x
Take-Two Interactive	$37.4B	6.0x	39.2x
NEXON	$15.0B	4.9x	15.3x
Konami	$14.0B	4.7x	14.0x
Giant Network Group Co.	$11.0B	14.9x	32.7x
Bilibili	$10.5B	2.5x	18.8x
Kunlun	$9.4B	8.3x	-103.2x
37 Interactive	$7.4B	3.0x	14.3x
Kingnet Network	$6.3B	7.4x	19.0x
International Games System	$5.7B	8.1x	14.1x
Talkweb Information Systems	$5.4B	n/a	n/a
Krafton	$5.4B	2.4x	5.5x
Square Enix	$4.7B	2.4x	13.1x
XD	$4.5B	4.9x	17.2x
G-bits	$3.8B	4.4x	11.2x
Netmarble	$3.5B	1.9x	10.9x
Playtika	$3.2B	1.2x	4.5x
Koei Tecmo	$2.8B	5.0x	12.4x
Ourpalm Co	$1.9B	n/a	n/a
NCsoft	$1.7B	1.6x	19.2x
Dalian Group	$1.6B	n/a	n/a
Modern Times Group	$1.6B	1.2x	5.4x
DeNA	$1.6B	1.5x	6.4x
YOOZOO Games	$1.4B	n/a	n/a
ZX Inc.	$1.1B	n/a	n/a
Kakao Games	$1.0B	3.2x	400.2x
MNC Digital Entertainment	$1.0B	n/a	n/a
Kingsoft	$983M	0.7x	3.6x
Nazara Technologies	$983M	4.6x	38.6x
Shift Up	$827M	4.0x	6.2x
Hubei Century Network	$808M	4.2x	n/a
Embracer Group	$737M	0.4x	1.3x
NetDragon Websoft Hldgs	$695M	1.0x	5.4x
Stillfront Group	$663M	1.0x	3.0x
Guangxi Xinxunda	$573M	n/a	n/a
mixi	$566M	0.6x	3.1x
ZQGame	$532M	n/a	n/a
Kaiser (China) Culture	$520M	n/a	n/a
Star Fusion Group	$493M	n/a	n/a
Wemade	$490M	1.2x	13.4x
PlayWay	$416M	5.1x	8.0x
Yalla Group	$381M	1.1x	2.9x
Azerion Group	$366M	n/a	n/a
VNG Corp.	$320M	n/a	n/a
iDreamSky Tech Holdings	$310M	n/a	n/a
DoubleUGames	$262M	0.5x	1.6x
Gamania Digital	$260M	0.9x	n/a
Boyaa Interactive	$245M	3.3x	n/a
Devsisters	$236M	1.1x	10.2x
Nexters	$227M	0.6x	2.8x
7ROAD	$221M	n/a	n/a
GD Culture Group	$209M	n/a	n/a
JoyCity	$205M	n/a	n/a
AlphaPolis	$200M	1.9x	n/a
Huuuge	$191M	0.8x	2.0x
CMGE Technology Group	$186M	n/a	n/a
Com2uS	$182M	n/a	n/a
X-LEGEND	$177M	n/a	n/a
Neowiz	$173M	0.6x	3.2x
IGG	$157M	n/a	n/a
Ten Square Games	$156M	n/a	n/a
Bushiroad	$150M	0.4x	n/a
KLab	$145M	n/a	n/a
Atari	$142M	n/a	n/a
Neptune	$125M	0.8x	1.3x
Gumi	$123M	2.1x	n/a
Akatsuki	$122M	0.8x	5.2x
Bank of Innovation	$121M	1.5x	n/a
Soft-World	$119M	n/a	n/a
UserJoy	$109M	2.5x	n/a
Nexus	$108M	n/a	n/a
Enad Global 7	$108M	0.6x	3.8x
Marvelous	$90.0M	0.4x	n/a
Ateam Holdings	$89.0M	0.6x	7.7x
Golden Matrix Group	$84.1M	0.5x	3.8x
PlaySide Studios	$76.0M	2.2x	58.2x
GRAVITY Co.	$74.5M	n/a	n/a
Chinese Gamer	$68.5M	n/a	n/a
Webzen	$67.4M	0.6x	2.8x
Trophy Games	$61.0M	n/a	n/a
Maximum Entertainment	$55.1M	n/a	n/a
NHN Entertainment	$53.9M	0.0x	0.4x
Envar Holding	$52.7M	n/a	n/a
Artifex Mundi	$52.1M	n/a	n/a
OnMobile	$50.8M	n/a	n/a
G5 Entertainment	$49.0M	0.5x	3.2x
Coly	$49.0M	n/a	n/a
Gamesparcs	$48.6M	n/a	n/a
Aiming	$48.1M	n/a	n/a
Gala	$43.1M	n/a	n/a
FriendTimes	$42.9M	n/a	n/a
Arts Alliance	$38.8M	n/a	n/a
ME2ON Co.	$35.9M	n/a	n/a
Polski Holding Rozwoju	$35.5M	n/a	n/a
Mobile Factory	$35.1M	1.6x	n/a
Kayac	$34.1M	n/a	n/a
Aeria	$33.1M	n/a	n/a
GREE Holdings	$27.5M	0.1x	n/a
DoubleDown Interactive Co	$25.9M	0.1x	0.2x
EMB Mission Bound	$25.3M	1.3x	7.0x
Beno TNR	$24.1M	n/a	n/a
Boombit	$23.6M	n/a	n/a
Snail	$23.5M	1.3x	-1.4x
5th Planet Games	$23.4M	n/a	n/a
Aptocrom	$23.3M	n/a	n/a
Homeland ITL	$22.9M	n/a	n/a
Thunderful Group	$21.2M	0.7x	-8.8x
Ghost Studio	$20.7M	n/a	n/a
Fun Yours Technology Co	$20.3M	n/a	n/a
Extreme Co	$19.1M	0.3x	n/a
Ultimate Games	$17.4M	n/a	n/a
Happytuk Co	$17.4M	n/a	n/a
T3 Entertainment	$17.1M	n/a	n/a
Playwith Korea	$15.4M	n/a	n/a
East Side Games Group	$14.5M	0.2x	n/a
Games Operators	$13.6M	n/a	n/a
MAG Interactive	$12.1M	n/a	n/a
Vivid Games	$11.9M	n/a	n/a
Kinda Brave Entertainment	$10.7M	n/a	n/a
CAVE Interactive	$9.6M	0.9x	n/a
Noobz From Poland	$8.8M	n/a	n/a
Proguns Group	$8.8M	n/a	n/a
Lichthund	$8.5M	n/a	n/a
Dark Point Games	$8.5M	n/a	n/a
Tech Robotics	$8.5M	n/a	n/a
ITOXI	$8.5M	n/a	n/a
Qingci Games	$8.3M	n/a	n/a
Enish	$6.9M	n/a	n/a
Fragbite Group	$6.5M	n/a	n/a
Plot Twist	$6.4M	n/a	n/a
Drago Entertainment	$6.4M	n/a	n/a
Nitro Games	$6.4M	0.6x	4.0x
Gamivo	$5.8M	n/a	n/a
World Chess	$5.3M	n/a	n/a
Simfabric	$5.3M	n/a	n/a
ManyDev Studio	$5.0M	n/a	n/a
Edyoutec	$5.0M	n/a	n/a
Starward Industries	$4.8M	n/a	n/a
Munar	$4.7M	n/a	n/a
Ovid Works	$4.0M	n/a	n/a
Pyramid Games	$3.7M	n/a	n/a
Red Square Games	$3.7M	n/a	n/a
Star Vault	$3.3M	n/a	n/a
Image Power	$3.3M	n/a	n/a
Varsav Game Studios	$3.0M	n/a	n/a
Carbon Studio	$2.8M	n/a	n/a
Longterm Games	$2.6M	n/a	n/a
Play2Chill	$2.6M	n/a	n/a
Megapixel Studio	$2.4M	n/a	n/a
Simteract	$2.2M	n/a	n/a
Nippon Ichi Software	$2.2M	0.1x	n/a
Jumpgate	$2.1M	n/a	n/a
Road Studio	$2.1M	n/a	n/a
Intermarum	$1.9M	n/a	n/a
Console Labs	$1.9M	n/a	n/a
7Levels	$1.8M	n/a	n/a
Incuvo	$1.8M	n/a	n/a
VR Factory Games	$1.7M	n/a	n/a
Kool2play	$1.7M	n/a	n/a
Qubicgames	$1.6M	n/a	n/a
Freemind	$1.6M	n/a	n/a
Madmind Studio	$1.5M	n/a	n/a
Safe Lane Gaming	$1.5M	n/a	n/a
Atomic Jelly	$1.4M	n/a	n/a
Examobile	$1.4M	n/a	n/a
Windlands Interactive	$1.3M	n/a	n/a
T Bull	$1.3M	n/a	n/a
Draw Distance	$1.3M	n/a	n/a
Gamehunters	$1.2M	n/a	n/a
Jujubee	$1.2M	n/a	n/a
Duality	$1.2M	n/a	n/a
ECC Games	$1.2M	n/a	n/a
CreativeForge Games	$1.2M	n/a	n/a
Gold Town Games	$1.1M	n/a	n/a
Uf Games	$1.0M	n/a	n/a
Space Fox Games	$0.9M	n/a	n/a
Baked Games	$0.9M	n/a	n/a
Art Games Studio	$0.8M	n/a	n/a
Immersion Games	$0.8M	n/a	n/a
Scout Gaming Group	$0.7M	n/a	n/a
GungHo Online	$0.7M	0.0x	0.0x
Live Motion Games	$0.6M	n/a	n/a
Moonlit	$0.6M	n/a	n/a
Iron Wolf Studio	$0.6M	n/a	n/a
Dust	$0.5M	n/a	n/a
G-devs	$0.5M	n/a	n/a
Drageus Games	$0.5M	n/a	n/a
Qiiwi Games	$0.5M	n/a	n/a
Black Rose Projects	$0.4M	n/a	n/a
Eneida Games	$0.4M	n/a	n/a
Vrfabric	$0.4M	n/a	n/a
Demolish Games	$0.3M	n/a	n/a
FSport	-$0.1M	n/a	n/a
Mobirix	-$0.6M	n/a	n/a
Flexion Mobile	-$0.7M	-0.0x	-1.4x
Zengame Technology Hldgs	-$14.2M	n/a	n/a
COLOPL	-$17.1M	-0.1x	n/a
GigaMedia	-$17.5M	n/a	n/a
Skillz	-$24.6M	-0.2x	0.5x
PLAYSTUDIOS	-$26.2M	-0.1x	-0.7x
Archosaur Games	-$49.9M	n/a	n/a
Actoz Soft Co	-$75.9M	n/a	n/a
Sohu	-$377M	-0.6x	21.4x