Gaming - Mobile Valuation Multiples and Public Comps

Gaming - Mobile

See analyst estimates and all valuation multiples for Gaming - Mobile

Company	EV	EV/Revenue	EV/EBITDA
Tencent	$597B	6.3x	15.3x
Sea	$91.2B	4.9x	39.6x
NetEase	$62.8B	4.2x	13.2x
Roblox	$56.6B	11.8x	60.9x
Take-Two Interactive	$43.9B	7.6x	56.2x
Electronic Arts	$35.5B	4.8x	13.9x
Konami	$17.1B	5.8x	18.5x
NEXON	$12.1B	4.0x	13.3x
Krafton	$9.5B	4.5x	9.3x
International Games System	$7.4B	10.9x	31.9x
Bilibili	$6.3B	1.6x	16.3x
Square Enix	$5.8B	2.6x	17.0x
Kunlun	$5.7B	6.7x	-62.2x
Talkweb Information Systems	$5.2B	n/a	n/a
Koei Tecmo	$4.9B	8.5x	20.7x
Kingnet Network	$4.3B	5.7x	15.9x
Playtika	$3.8B	1.4x	5.1x
37 Interactive	$3.8B	1.5x	8.5x
Giant Network Group Co.	$3.7B	8.6x	19.1x
Netmarble	$3.7B	1.9x	13.1x
Kingsoft	$2.8B	1.8x	5.3x
Embracer Group	$2.1B	0.9x	2.2x
XD	$2.0B	2.8x	13.4x
MNC Digital Entertainment	$2.0B	n/a	n/a
G-bits	$1.8B	3.4x	9.8x
DeNA	$1.8B	1.6x	13.5x
YOOZOO Games	$1.7B	n/a	n/a
Shift Up	$1.7B	9.0x	12.6x
Modern Times Group	$1.6B	1.9x	7.6x
Ourpalm Co	$1.5B	n/a	n/a
Dalian Group	$1.5B	6.4x	332.0x
NCsoft	$1.4B	1.2x	31.6x
Nazara Technologies	$1.3B	6.3x	66.1x
Kakao Games	$1.2B	2.7x	25.3x
Stillfront Group	$786M	1.2x	3.4x
ZX Inc.	$749M	n/a	n/a
Hubei Century Network	$742M	4.2x	89.1x
mixi	$655M	0.6x	3.1x
NetDragon Websoft Hldgs	$617M	0.8x	3.7x
Boyaa Interactive	$528M	n/a	n/a
PlayWay	$494M	5.8x	11.4x
Wemade	$443M	0.9x	12.3x
Azerion Group	$432M	0.7x	6.8x
Yalla Group	$400M	1.1x	3.0x
Gamania Digital	$390M	n/a	n/a
ZQGame	$364M	n/a	n/a
VNG Corp.	$350M	n/a	n/a
Kaiser (China) Culture	$337M	n/a	n/a
GREE Holdings	$331M	0.8x	n/a
iDreamSky Tech Holdings	$324M	1.6x	n/a
Guangxi Xinxunda	$310M	n/a	n/a
Devsisters	$265M	1.4x	9.3x
Bushiroad	$259M	0.7x	n/a
IGG	$258M	0.3x	2.7x
Golden Matrix Group	$254M	1.5x	10.7x
CMGE Technology Group	$236M	0.9x	n/a
AlphaPolis	$233M	2.4x	n/a
Bank of Innovation	$233M	2.5x	n/a
Com2uS	$217M	n/a	n/a
Neptune	$199M	n/a	n/a
Softstar Entertainment	$195M	n/a	n/a
Neowiz	$177M	0.6x	4.3x
Gumi	$166M	n/a	n/a
X-LEGEND	$161M	n/a	n/a
Nexters	$147M	0.4x	3.3x
Akatsuki	$144M	0.9x	4.5x
UserJoy	$140M	3.0x	n/a
JoyCity	$137M	n/a	n/a
Atari	$131M	n/a	n/a
Soft-World	$130M	n/a	n/a
DoubleUGames	$128M	0.3x	0.7x
FriendTimes	$126M	0.7x	12.8x
Ten Square Games	$126M	0.3x	1.1x
Huuuge	$107M	0.4x	1.4x
Marvelous	$104M	0.5x	n/a
Enad Global 7	$103M	0.6x	2.8x
Nexus	$102M	n/a	n/a
Ateam Holdings	$99.0M	0.6x	n/a
NHN Entertainment	$98.8M	0.1x	1.0x
7ROAD	$92.1M	n/a	n/a
CTRL Group	$90.7M	n/a	n/a
Chinese Gamer	$86.6M	n/a	n/a
DoubleDown Interactive Co	$77.4M	0.2x	0.6x
OnMobile	$73.2M	n/a	n/a
PLAYSTUDIOS	$70.8M	0.3x	1.3x
GungHo Online	$70.4M	0.1x	0.6x
G5 Entertainment	$67.5M	0.6x	2.9x
Aiming	$65.2M	0.6x	n/a
Polska Grupa Militarna	$61.3M	n/a	n/a
Gamesparcs	$54.0M	n/a	n/a
COLOPL	$53.8M	0.3x	n/a
Maximum Entertainment	$48.1M	n/a	n/a
Gala	$46.5M	n/a	n/a
Artifex Mundi	$46.3M	1.7x	4.9x
GD Culture Group	$45.3M	n/a	n/a
KLab	$44.3M	0.8x	n/a
Fun Yours Technology Co	$42.7M	n/a	n/a
GRAVITY Co.	$39.9M	n/a	n/a
Kayac	$35.2M	0.3x	n/a
Snail	$35.1M	0.4x	14.1x
Coly	$34.9M	n/a	n/a
World Chess	$34.0M	12.2x	n/a
Aeria	$33.2M	0.3x	n/a
Happytuk Co	$32.7M	n/a	n/a
ITOXI	$30.3M	n/a	n/a
AP Healthcare	$29.5M	n/a	n/a
Trophy Games	$29.1M	n/a	n/a
T3 Entertainment	$26.8M	n/a	n/a
Mobile Factory	$25.4M	1.1x	n/a
Ghost Studio	$24.4M	n/a	n/a
Polski Holding Rozwoju	$24.3M	n/a	n/a
East Side Games Group	$23.7M	0.4x	2.7x
Extreme Co	$23.5M	0.3x	n/a
Homeland ITL	$22.8M	n/a	n/a
Qingci Games	$22.2M	0.3x	3.5x
Boombit	$21.9M	n/a	n/a
Beno TNR	$21.4M	n/a	n/a
PlaySide Studios	$20.9M	0.6x	-5.0x
Playwith Korea	$20.9M	n/a	n/a
Games Operators	$20.4M	n/a	n/a
5th Planet Games	$20.1M	n/a	n/a
Envar Holding	$18.3M	n/a	n/a
Enish	$16.6M	0.7x	n/a
EMB Mission Bound	$16.4M	1.4x	10.4x
MAG Interactive	$14.2M	n/a	n/a
Mobirix	$13.9M	n/a	n/a
CAVE Interactive	$11.7M	1.1x	n/a
Flexion Mobile	$11.6M	0.1x	1.5x
Ultimate Games	$10.7M	n/a	n/a
Thunderful Group	$10.5M	0.3x	-6.2x
Lichthund	$6.9M	n/a	n/a
Drago Entertainment	$6.7M	n/a	n/a
Gamivo	$6.2M	n/a	n/a
Fragbite Group	$6.2M	n/a	n/a
Nitro Games	$6.1M	0.5x	2.8x
ManyDev Studio	$6.0M	n/a	n/a
Dark Point Games	$5.9M	n/a	n/a
Edyoutec	$5.8M	n/a	n/a
Kinda Brave Entertainment	$5.8M	14.2x	-6.9x
Safe Lane Gaming	$5.6M	n/a	n/a
Star Vault	$4.9M	n/a	n/a
Starward Industries	$4.8M	n/a	n/a
Vivid Games	$4.7M	n/a	n/a
Tech Robotics	$4.5M	n/a	n/a
Nippon Ichi Software	$4.3M	0.1x	n/a
Pyramid Games	$4.2M	n/a	n/a
Carbon Studio	$4.2M	n/a	n/a
Adventure Box Tech	$4.1M	n/a	n/a
Arts Alliance	$4.0M	n/a	n/a
Madmind Studio	$3.9M	n/a	n/a
Noobz From Poland	$3.7M	n/a	n/a
Red Square Games	$3.3M	n/a	n/a
VR Factory Games	$3.0M	n/a	n/a
Proguns Group	$2.9M	n/a	n/a
Varsav Game Studios	$2.8M	n/a	n/a
ECC Games	$2.7M	n/a	n/a
Megapixel Studio	$2.7M	n/a	n/a
Play2Chill	$2.6M	n/a	n/a
Jujubee	$2.4M	n/a	n/a
Scout Gaming Group	$2.3M	n/a	n/a
Gamehunters	$2.2M	n/a	n/a
Simfabric	$2.1M	n/a	n/a
Road Studio	$2.1M	n/a	n/a
Qubicgames	$2.0M	n/a	n/a
Kool2play	$1.9M	n/a	n/a
Console Labs	$1.9M	n/a	n/a
Ovid Works	$1.9M	n/a	n/a
Intermarum	$1.8M	n/a	n/a
Image Power	$1.7M	n/a	n/a
Munar	$1.7M	n/a	n/a
Jumpgate	$1.7M	0.2x	16.1x
7Levels	$1.6M	n/a	n/a
Plot Twist	$1.5M	n/a	n/a
Simteract	$1.5M	n/a	n/a
Gold Town Games	$1.5M	n/a	n/a
Game Chest Gr	$1.4M	n/a	n/a
Longterm Games	$1.3M	n/a	n/a
Baked Games	$1.3M	n/a	n/a
Windlands Interactive	$1.3M	n/a	n/a
Immersion Games	$1.3M	n/a	n/a
Draw Distance	$1.3M	n/a	n/a
Freemind	$1.2M	n/a	n/a
Space Fox Games	$1.1M	n/a	n/a
Klabater	$1.1M	n/a	n/a
FSport	$1.1M	n/a	n/a
CreativeForge Games	$1.0M	n/a	n/a
Duality	$1.0M	n/a	n/a
Iron Wolf Studio	$1.0M	n/a	n/a
T Bull	$1.0M	n/a	n/a
Vrfabric	$0.9M	n/a	n/a
Uf Games	$0.9M	n/a	n/a
G-devs	$0.8M	n/a	n/a
Examobile	$0.7M	n/a	n/a
Atomic Jelly	$0.7M	n/a	n/a
Art Games Studio	$0.7M	n/a	n/a
Dust	$0.7M	n/a	n/a
Detalion Games	$0.7M	n/a	n/a
Black Rose Projects	$0.6M	n/a	n/a
Drageus Games	$0.6M	n/a	n/a
Eneida Games	$0.5M	n/a	n/a
SOZAP	$0.5M	n/a	n/a
Moonlit	$0.4M	n/a	n/a
Live Motion Games	$0.4M	n/a	n/a
Demolish Games	$0.2M	n/a	n/a
Qiiwi Games	$0.1M	n/a	n/a
Zengame Technology Hldgs	-$0.8M	n/a	n/a
Incuvo	-$0.9M	n/a	n/a
ME2ON Co.	-$4.6M	n/a	n/a
Skillz	-$18.6M	-0.2x	0.3x
GigaMedia	-$18.9M	n/a	n/a
Webzen	-$27.9M	-0.2x	-0.7x
Archosaur Games	-$66.8M	-0.4x	2.8x
Actoz Soft	-$73.0M	n/a	n/a
Sohu	-$561M	-1.0x	7.1x