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	$698B	6.5x	15.4x
Sea	$69.1B	3.1x	20.9x
NetEase	$66.6B	4.2x	11.9x
Roblox	$56.6B	8.6x	35.7x
Electronic Arts	$51.9B	6.6x	18.2x
Take-Two Interactive	$48.7B	7.8x	51.2x
Konami	$17.2B	5.8x	17.3x
NEXON	$16.1B	5.3x	16.5x
Giant Network Group Co.	$12.1B	16.5x	36.2x
Bilibili	$8.0B	1.9x	14.4x
Kunlun	$6.7B	5.9x	-73.3x
37 Interactive	$6.5B	2.7x	12.8x
Kingnet Network	$6.3B	7.5x	19.1x
International Games System	$5.9B	8.5x	14.8x
Krafton	$5.4B	2.5x	5.6x
Talkweb Information Systems	$5.3B	n/a	n/a
Square Enix	$5.1B	2.7x	14.4x
Koei Tecmo	$3.8B	6.8x	16.6x
G-bits	$3.8B	4.4x	11.2x
XD	$3.6B	3.9x	13.9x
Playtika	$3.4B	1.2x	4.7x
Netmarble	$3.1B	1.7x	9.8x
Modern Times Group	$2.0B	1.6x	7.1x
YOOZOO Games	$1.6B	8.0x	-76.2x
DeNA	$1.5B	1.5x	6.4x
Ourpalm Co	$1.5B	13.2x	136.9x
NCsoft	$1.5B	1.5x	17.5x
MNC Digital Entertainment	$1.5B	n/a	n/a
Dalian Group	$1.4B	6.3x	1669.2x
Kingsoft	$1.3B	1.0x	4.8x
Embracer Group	$1.0B	0.5x	1.9x
Kakao Games	$1.0B	3.1x	321.4x
ZX Inc.	$987M	1.3x	n/a
Shift Up	$938M	4.7x	7.2x
Nazara Technologies	$918M	4.2x	35.4x
Stillfront Group	$787M	1.3x	3.6x
NetDragon Websoft Hldgs	$753M	1.1x	5.8x
Hubei Century Network	$690M	3.6x	-538.8x
mixi	$569M	0.6x	3.1x
Softstar Entertainment	$513M	n/a	n/a
Kaiser (China) Culture	$489M	n/a	n/a
Guangxi Xinxunda	$476M	n/a	n/a
ZQGame	$466M	n/a	n/a
Wemade	$410M	1.0x	11.5x
PlayWay	$406M	5.0x	7.9x
Yalla Group	$391M	1.1x	3.0x
Azerion Group	$379M	0.6x	7.1x
VNG Corp.	$346M	n/a	n/a
Boyaa Interactive	$324M	n/a	n/a
iDreamSky Tech Holdings	$313M	1.5x	n/a
GD Culture Group	$277M	n/a	n/a
Gamania Digital	$267M	n/a	n/a
AlphaPolis	$242M	2.3x	n/a
DoubleUGames	$241M	0.5x	1.5x
Nexters	$226M	0.6x	2.8x
IGG	$219M	0.3x	2.2x
CMGE Technology Group	$190M	0.7x	n/a
Huuuge	$185M	0.8x	2.0x
Devsisters	$177M	0.8x	7.8x
KLab	$175M	3.3x	n/a
Bushiroad	$174M	0.5x	n/a
X-LEGEND	$170M	n/a	n/a
Com2uS	$160M	n/a	n/a
7ROAD	$159M	n/a	n/a
JoyCity	$147M	n/a	n/a
Atari	$140M	n/a	n/a
Akatsuki	$136M	0.9x	5.8x
Enad Global 7	$131M	0.7x	4.7x
Neowiz	$131M	0.5x	2.5x
Gumi	$130M	2.3x	n/a
Neptune	$123M	n/a	n/a
Bank of Innovation	$120M	1.5x	n/a
Ten Square Games	$120M	n/a	n/a
Golden Matrix Group	$119M	0.6x	5.4x
UserJoy	$118M	2.7x	n/a
Marvelous	$112M	0.5x	n/a
Ateam Holdings	$108M	0.7x	9.5x
Soft-World	$103M	n/a	n/a
Nexus	$92.7M	n/a	n/a
GREE Holdings	$85.8M	0.2x	n/a
Envar Holding	$76.1M	n/a	n/a
Chinese Gamer	$76.0M	n/a	n/a
PlaySide Studios	$69.3M	2.1x	61.2x
OnMobile	$62.0M	n/a	n/a
Maximum Entertainment	$55.2M	0.6x	6.8x
Coly	$52.1M	n/a	n/a
G5 Entertainment	$52.1M	0.5x	3.5x
Webzen	$50.7M	0.4x	2.1x
Trophy Games	$50.3M	n/a	n/a
Aiming	$50.1M	0.5x	n/a
Arts Alliance	$48.2M	n/a	n/a
Gamesparcs	$45.2M	n/a	n/a
Qingci Games	$42.0M	0.5x	7.2x
Gala	$41.9M	n/a	n/a
Polski Holding Rozwoju	$38.4M	n/a	n/a
Artifex Mundi	$33.8M	1.2x	3.4x
Aeria	$32.7M	0.3x	n/a
FriendTimes	$32.6M	0.2x	-44.6x
Mobile Factory	$31.9M	1.4x	n/a
Snail	$31.6M	1.7x	-1.9x
Kayac	$31.5M	0.3x	n/a
EMB Mission Bound	$29.4M	1.5x	8.4x
ME2ON Co.	$27.8M	n/a	n/a
DoubleDown Interactive Co	$27.4M	0.1x	0.2x
Beno TNR	$26.8M	n/a	n/a
Ghost Studio	$26.6M	n/a	n/a
Homeland ITL	$25.4M	n/a	n/a
Aptocrom	$24.8M	n/a	n/a
Fun Yours Technology Co	$24.3M	n/a	n/a
Extreme Co	$20.5M	0.3x	n/a
5th Planet Games	$20.5M	n/a	n/a
Thunderful Group	$20.5M	0.7x	-8.6x
T3 Entertainment	$19.4M	n/a	n/a
Happytuk Co	$19.1M	n/a	n/a
Boombit	$18.9M	n/a	n/a
East Side Games Group	$17.7M	0.3x	188.7x
Playwith Korea	$15.8M	n/a	n/a
MAG Interactive	$13.5M	n/a	n/a
Ultimate Games	$13.4M	n/a	n/a
Games Operators	$12.8M	n/a	n/a
Zengame Technology Hldgs	$12.7M	n/a	n/a
Kinda Brave Entertainment	$11.3M	65.7x	-5.0x
Vivid Games	$11.2M	n/a	n/a
ITOXI	$10.2M	n/a	n/a
World Chess	$9.7M	3.5x	n/a
Dark Point Games	$9.3M	n/a	n/a
Enish	$7.7M	0.4x	n/a
Proguns Group	$7.2M	n/a	n/a
Lichthund	$7.0M	n/a	n/a
Noobz From Poland	$6.4M	n/a	n/a
Drago Entertainment	$6.3M	n/a	n/a
Tech Robotics	$6.3M	n/a	n/a
Nitro Games	$6.2M	0.6x	4.0x
Fragbite Group	$5.8M	n/a	n/a
Starward Industries	$5.7M	n/a	n/a
Gamivo	$5.6M	n/a	n/a
Plot Twist	$5.2M	n/a	n/a
ManyDev Studio	$5.0M	n/a	n/a
Simfabric	$4.9M	n/a	n/a
Edyoutec	$4.5M	n/a	n/a
Munar	$3.9M	n/a	n/a
Image Power	$3.9M	n/a	n/a
Ovid Works	$3.6M	n/a	n/a
Mobirix	$3.3M	n/a	n/a
Red Square Games	$3.3M	n/a	n/a
Star Vault	$3.2M	n/a	n/a
Pyramid Games	$3.2M	n/a	n/a
Carbon Studio	$3.0M	n/a	n/a
Play2Chill	$2.8M	n/a	n/a
Varsav Game Studios	$2.7M	n/a	n/a
Megapixel Studio	$2.3M	n/a	n/a
Longterm Games	$2.1M	n/a	n/a
Intermarum	$1.9M	n/a	n/a
Madmind Studio	$1.9M	n/a	n/a
Console Labs	$1.8M	n/a	n/a
Jumpgate	$1.8M	0.2x	-5.4x
Road Studio	$1.8M	n/a	n/a
7Levels	$1.7M	n/a	n/a
Freemind	$1.7M	n/a	n/a
Simteract	$1.6M	n/a	n/a
Incuvo	$1.6M	n/a	n/a
Nippon Ichi Software	$1.6M	0.0x	n/a
VR Factory Games	$1.6M	n/a	n/a
Kool2play	$1.5M	n/a	n/a
Qubicgames	$1.5M	n/a	n/a
Safe Lane Gaming	$1.4M	n/a	n/a
Gamehunters	$1.3M	n/a	n/a
Draw Distance	$1.3M	n/a	n/a
Duality	$1.2M	n/a	n/a
Jujubee	$1.2M	n/a	n/a
ECC Games	$1.2M	n/a	n/a
T Bull	$1.1M	n/a	n/a
Space Fox Games	$1.0M	n/a	n/a
Examobile	$0.9M	n/a	n/a
Uf Games	$0.9M	n/a	n/a
Windlands Interactive	$0.9M	n/a	n/a
CreativeForge Games	$0.9M	n/a	n/a
Gold Town Games	$0.9M	n/a	n/a
Atomic Jelly	$0.9M	n/a	n/a
Immersion Games	$0.8M	n/a	n/a
Moonlit	$0.8M	n/a	n/a
Qiiwi Games	$0.8M	n/a	n/a
Baked Games	$0.7M	n/a	n/a
Drageus Games	$0.7M	n/a	n/a
Black Rose Projects	$0.7M	n/a	n/a
Art Games Studio	$0.6M	n/a	n/a
Scout Gaming Group	$0.6M	n/a	n/a
Iron Wolf Studio	$0.6M	n/a	n/a
G-devs	$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
Demolish Games	$0.3M	n/a	n/a
Vrfabric	$0.2M	n/a	n/a
FSport	-$0.3M	n/a	n/a
CAVE Interactive	-$1.3M	-0.1x	n/a
Flexion Mobile	-$2.3M	-0.0x	-3.7x
NHN Entertainment	-$6.4M	-0.0x	-0.0x
PLAYSTUDIOS	-$12.2M	-0.1x	-0.3x
Skillz	-$12.9M	-0.1x	0.3x
GRAVITY Co.	-$13.8M	n/a	n/a
GungHo Online	-$17.4M	-0.0x	-0.3x
GigaMedia	-$18.1M	n/a	n/a
COLOPL	-$26.0M	-0.2x	n/a
Archosaur Games	-$43.0M	-0.3x	1.0x
Actoz Soft Co	-$72.7M	n/a	n/a
Sohu	-$391M	-0.7x	21.4x