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	$601B	6.2x	15.1x
Sea	$94.6B	4.9x	37.7x
Roblox	$81.9B	16.5x	81.4x
NetEase	$65.7B	4.3x	13.3x
Take-Two Interactive	$45.4B	7.8x	58.0x
Electronic Arts	$37.4B	5.0x	14.2x
Konami	$17.5B	5.8x	18.3x
NEXON	$13.0B	4.2x	13.9x
Krafton	$8.5B	3.9x	8.2x
Bilibili	$8.4B	2.1x	20.0x
International Games System	$7.3B	10.3x	40.2x
Square Enix	$6.7B	3.0x	19.5x
Giant Network Group Co.	$6.5B	14.1x	29.8x
Kunlun	$5.9B	6.7x	-67.9x
Talkweb Information Systems	$5.6B	n/a	n/a
Kingnet Network	$5.2B	6.6x	18.1x
37 Interactive	$4.4B	1.7x	9.8x
Koei Tecmo	$4.3B	7.2x	17.7x
Netmarble	$4.3B	2.1x	14.6x
Playtika	$3.7B	1.4x	5.1x
Kingsoft	$3.1B	2.0x	5.9x
XD	$2.8B	3.8x	17.6x
G-bits	$2.6B	4.6x	12.7x
NCsoft	$2.2B	1.9x	35.5x
Embracer Group	$2.0B	0.8x	2.9x
MNC Digital Entertainment	$1.9B	n/a	n/a
Ourpalm Co	$1.8B	17.5x	114.0x
Modern Times Group	$1.8B	1.9x	7.7x
YOOZOO Games	$1.7B	8.3x	57.1x
DeNA	$1.6B	1.3x	5.9x
Dalian Group	$1.5B	6.7x	278.4x
Nazara Technologies	$1.5B	7.1x	71.2x
Shift Up	$1.4B	7.2x	10.0x
Kakao Games	$1.3B	2.9x	30.9x
ZX Inc.	$1.1B	1.4x	n/a
Hubei Century Network	$863M	4.7x	74.8x
Stillfront Group	$736M	1.1x	3.3x
Boyaa Interactive	$720M	n/a	n/a
mixi	$715M	0.7x	3.4x
NetDragon Websoft Hldgs	$711M	0.9x	3.7x
Wemade	$631M	1.3x	15.3x
PlayWay	$465M	5.2x	10.2x
Yalla Group	$436M	1.2x	3.3x
Kaiser (China) Culture	$419M	n/a	n/a
Azerion Group	$417M	0.6x	7.9x
VNG Corp.	$414M	n/a	n/a
ZQGame	$392M	n/a	n/a
Guangxi Xinxunda	$381M	n/a	n/a
Gamania Digital	$375M	n/a	n/a
IGG	$350M	0.5x	3.6x
iDreamSky Tech Holdings	$344M	1.7x	n/a
NHN Entertainment	$328M	0.2x	2.9x
Bank of Innovation	$290M	3.1x	n/a
Devsisters	$285M	1.4x	9.4x
GREE Holdings	$283M	0.6x	n/a
Bushiroad	$256M	0.7x	n/a
CMGE Technology Group	$249M	0.9x	n/a
Golden Matrix Group	$246M	1.4x	10.1x
7ROAD	$246M	n/a	n/a
Com2uS	$246M	n/a	n/a
DoubleUGames	$238M	0.5x	1.3x
Neptune	$226M	n/a	n/a
AlphaPolis	$224M	2.3x	n/a
Gumi	$211M	3.4x	n/a
Softstar Entertainment	$190M	n/a	n/a
JoyCity	$173M	n/a	n/a
X-LEGEND	$172M	n/a	n/a
Nexus	$168M	n/a	n/a
Neowiz	$164M	0.6x	3.7x
FriendTimes	$163M	0.9x	16.5x
UserJoy	$154M	3.2x	n/a
Nexters	$144M	0.4x	3.4x
Ateam Holdings	$144M	0.9x	n/a
Akatsuki	$141M	0.8x	4.2x
Atari	$137M	n/a	n/a
Huuuge	$134M	0.5x	1.7x
Marvelous	$124M	0.6x	n/a
Soft-World	$122M	n/a	n/a
Enad Global 7	$112M	0.6x	2.8x
Ten Square Games	$92.6M	0.2x	0.8x
GungHo Online	$87.7M	0.1x	0.8x
Polska Grupa Militarna	$86.9M	n/a	n/a
Chinese Gamer	$81.8M	n/a	n/a
DoubleDown Interactive Co	$75.4M	0.2x	0.6x
Qingci Games	$73.8M	0.9x	12.8x
OnMobile	$70.0M	n/a	n/a
Coly	$62.3M	n/a	n/a
G5 Entertainment	$61.9M	0.6x	2.7x
GD Culture Group	$60.1M	n/a	n/a
Aiming	$59.0M	0.5x	n/a
Zengame Technology Hldgs	$58.4M	n/a	n/a
ME2ON Co.	$57.7M	n/a	n/a
Snail	$55.0M	0.6x	24.9x
Gamesparcs	$53.0M	n/a	n/a
PLAYSTUDIOS	$51.7M	0.2x	1.0x
Maximum Entertainment	$51.5M	n/a	n/a
Gala	$50.1M	n/a	n/a
Trophy Games	$49.6M	n/a	n/a
Ghost Studio	$47.0M	n/a	n/a
ITOXI	$46.5M	n/a	n/a
KLab	$45.7M	0.8x	n/a
Artifex Mundi	$44.6M	1.6x	4.5x
COLOPL	$44.5M	0.2x	n/a
CTRL Group	$44.4M	n/a	n/a
Fun Yours Technology Co	$39.6M	n/a	n/a
Beno TNR	$38.6M	n/a	n/a
Kayac	$37.0M	0.3x	n/a
Homeland ITL	$36.5M	n/a	n/a
Aeria	$36.0M	0.3x	n/a
PlaySide Studios	$34.8M	1.0x	-6.3x
Envar Holding	$31.6M	n/a	n/a
Polski Holding Rozwoju	$31.3M	n/a	n/a
MAG Interactive	$31.2M	n/a	n/a
T3 Entertainment	$29.2M	n/a	n/a
Happytuk Co	$28.1M	n/a	n/a
GRAVITY Co.	$26.5M	n/a	n/a
East Side Games Group	$25.9M	0.4x	2.8x
Mobile Factory	$24.4M	1.0x	n/a
Boombit	$23.7M	n/a	n/a
Games Operators	$22.7M	n/a	n/a
Flexion Mobile	$21.3M	0.2x	2.9x
World Chess	$21.2M	7.5x	n/a
Enish	$20.6M	0.9x	n/a
5th Planet Games	$20.2M	n/a	n/a
Playwith Korea	$20.2M	n/a	n/a
AP Healthcare	$18.0M	n/a	n/a
Extreme Co	$17.3M	0.2x	n/a
EMB Mission Bound	$16.7M	1.3x	8.7x
CAVE Interactive	$16.3M	n/a	n/a
Ultimate Games	$15.0M	n/a	n/a
Mobirix	$14.2M	n/a	n/a
Tech Robotics	$11.4M	n/a	n/a
Fragbite Group	$10.8M	n/a	n/a
Thunderful Group	$9.8M	0.3x	-11.2x
Proguns Group	$8.5M	n/a	n/a
Vivid Games	$8.0M	n/a	n/a
Nippon Ichi Software	$6.3M	0.2x	n/a
Safe Lane Gaming	$6.1M	n/a	n/a
Dark Point Games	$6.1M	n/a	n/a
Nitro Games	$6.1M	0.5x	2.9x
Kinda Brave Entertainment	$6.0M	36.4x	-2.8x
Drago Entertainment	$5.9M	n/a	n/a
Edyoutec	$5.7M	n/a	n/a
Gamivo	$5.6M	n/a	n/a
ManyDev Studio	$5.6M	n/a	n/a
Play2Chill	$5.3M	n/a	n/a
Scout Gaming Group	$5.1M	n/a	n/a
Starward Industries	$5.0M	n/a	n/a
Lichthund	$4.7M	n/a	n/a
Noobz From Poland	$4.6M	n/a	n/a
Simfabric	$4.5M	n/a	n/a
Arts Alliance	$4.3M	n/a	n/a
Star Vault	$4.2M	n/a	n/a
Pyramid Games	$4.2M	n/a	n/a
Carbon Studio	$4.1M	n/a	n/a
Plot Twist	$4.0M	n/a	n/a
Red Square Games	$3.8M	n/a	n/a
Longterm Games	$3.7M	n/a	n/a
Madmind Studio	$3.6M	n/a	n/a
Jujubee	$3.3M	n/a	n/a
VR Factory Games	$3.1M	n/a	n/a
Varsav Game Studios	$2.9M	n/a	n/a
Megapixel Studio	$2.7M	n/a	n/a
Qubicgames	$2.7M	n/a	n/a
Immersion Games	$2.4M	n/a	n/a
Road Studio	$2.4M	n/a	n/a
Gamehunters	$2.4M	n/a	n/a
ECC Games	$2.3M	n/a	n/a
Munar	$2.3M	n/a	n/a
Simteract	$2.2M	n/a	n/a
Klabater	$2.2M	n/a	n/a
Gold Town Games	$1.9M	n/a	n/a
Intermarum	$1.9M	n/a	n/a
Space Fox Games	$1.8M	n/a	n/a
Console Labs	$1.8M	n/a	n/a
Ovid Works	$1.8M	n/a	n/a
Qiiwi Games	$1.8M	n/a	n/a
Kool2play	$1.7M	n/a	n/a
Jumpgate	$1.7M	0.2x	7.1x
7Levels	$1.6M	n/a	n/a
Image Power	$1.5M	n/a	n/a
CreativeForge Games	$1.5M	n/a	n/a
Windlands Interactive	$1.5M	n/a	n/a
Freemind	$1.4M	n/a	n/a
T Bull	$1.3M	n/a	n/a
Baked Games	$1.3M	n/a	n/a
Uf Games	$1.3M	n/a	n/a
Draw Distance	$1.3M	n/a	n/a
Detalion Games	$1.1M	n/a	n/a
FSport	$1.1M	n/a	n/a
G-devs	$1.1M	n/a	n/a
Adventure Box Tech	$1.0M	n/a	n/a
Duality	$0.9M	n/a	n/a
Dust	$0.8M	n/a	n/a
Atomic Jelly	$0.8M	n/a	n/a
Examobile	$0.8M	n/a	n/a
Art Games Studio	$0.7M	n/a	n/a
SOZAP	$0.7M	n/a	n/a
Iron Wolf Studio	$0.7M	n/a	n/a
Black Rose Projects	$0.7M	n/a	n/a
Eneida Games	$0.6M	n/a	n/a
Drageus Games	$0.5M	n/a	n/a
Demolish Games	$0.5M	n/a	n/a
Live Motion Games	$0.4M	n/a	n/a
Moonlit	$0.4M	n/a	n/a
Vrfabric	$29K	n/a	n/a
Incuvo	-$1.3M	n/a	n/a
Skillz	-$5.9M	-0.1x	0.1x
Webzen	-$18.2M	-0.1x	-0.4x
GigaMedia	-$19.0M	n/a	n/a
Archosaur Games	-$35.4M	-0.2x	0.8x
Actoz Soft	-$69.8M	n/a	n/a
Sohu	-$429M	-0.8x	5.5x