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	$587B	6.1x	14.8x
Sea	$84.0B	4.4x	34.0x
Roblox	$70.2B	14.3x	71.7x
NetEase	$67.3B	4.4x	13.7x
Take-Two Interactive	$46.6B	8.1x	59.7x
Electronic Arts	$38.1B	5.1x	14.5x
Konami	$17.6B	5.9x	18.5x
NEXON	$13.3B	4.3x	14.4x
Krafton	$8.9B	4.1x	8.6x
International Games System	$7.7B	10.7x	32.1x
Bilibili	$7.6B	1.9x	18.6x
Giant Network Group Co.	$6.7B	14.7x	31.2x
Square Enix	$6.6B	3.0x	19.1x
Kingnet Network	$5.5B	7.0x	19.4x
Kunlun	$5.4B	6.3x	-62.0x
Talkweb Information Systems	$5.3B	n/a	n/a
37 Interactive	$5.0B	2.0x	11.0x
Netmarble	$4.4B	2.2x	15.2x
Koei Tecmo	$4.3B	7.3x	18.0x
Playtika	$3.9B	1.4x	5.2x
Kingsoft	$2.9B	1.9x	5.4x
XD	$2.8B	3.9x	18.0x
G-bits	$2.8B	5.1x	14.3x
NCsoft	$2.1B	1.9x	36.8x
Embracer Group	$2.0B	0.8x	2.1x
MNC Digital Entertainment	$2.0B	n/a	n/a
Ourpalm Co	$1.9B	18.0x	119.4x
Modern Times Group	$1.8B	1.9x	7.8x
DeNA	$1.6B	1.3x	11.7x
YOOZOO Games	$1.5B	7.3x	54.3x
Dalian Group	$1.5B	6.4x	277.4x
Nazara Technologies	$1.4B	6.8x	68.9x
Shift Up	$1.4B	7.1x	10.0x
Kakao Games	$1.3B	3.0x	30.6x
ZX Inc.	$884M	1.1x	n/a
Hubei Century Network	$815M	4.4x	74.5x
Stillfront Group	$750M	1.1x	3.3x
NetDragon Websoft Hldgs	$680M	0.9x	3.6x
mixi	$670M	0.6x	3.2x
Wemade	$625M	1.3x	15.5x
Boyaa Interactive	$494M	n/a	n/a
Yalla Group	$466M	1.3x	3.6x
PlayWay	$464M	5.2x	10.1x
Kaiser (China) Culture	$434M	n/a	n/a
Azerion Group	$421M	0.6x	7.9x
Gamania Digital	$406M	n/a	n/a
ZQGame	$383M	n/a	n/a
Guangxi Xinxunda	$359M	n/a	n/a
VNG Corp.	$353M	n/a	n/a
IGG	$351M	0.5x	3.7x
iDreamSky Tech Holdings	$329M	1.6x	n/a
NHN Entertainment	$313M	0.2x	2.8x
Devsisters	$282M	1.4x	9.7x
GREE Holdings	$280M	0.6x	n/a
7ROAD	$279M	n/a	n/a
Neptune	$272M	n/a	n/a
Bank of Innovation	$263M	2.8x	n/a
Bushiroad	$261M	0.7x	n/a
Com2uS	$259M	n/a	n/a
Golden Matrix Group	$259M	1.5x	10.7x
CMGE Technology Group	$240M	0.9x	n/a
DoubleUGames	$227M	0.5x	1.2x
AlphaPolis	$220M	2.2x	n/a
JoyCity	$189M	n/a	n/a
Gumi	$188M	3.0x	n/a
Softstar Entertainment	$186M	n/a	n/a
X-LEGEND	$172M	n/a	n/a
UserJoy	$163M	3.4x	n/a
Nexters	$158M	0.4x	3.7x
Neowiz	$153M	0.6x	3.5x
FriendTimes	$149M	0.8x	13.6x
Ateam Holdings	$144M	0.9x	n/a
Nexus	$141M	n/a	n/a
Atari	$140M	n/a	n/a
Akatsuki	$136M	0.8x	4.1x
Huuuge	$135M	0.5x	1.8x
Marvelous	$121M	0.6x	n/a
Soft-World	$117M	n/a	n/a
Enad Global 7	$108M	0.6x	2.9x
Ten Square Games	$96.5M	0.2x	0.8x
ME2ON Co.	$93.5M	n/a	n/a
Polska Grupa Militarna	$87.5M	n/a	n/a
Chinese Gamer	$81.1M	n/a	n/a
DoubleDown Interactive Co	$67.5M	0.2x	0.5x
GungHo Online	$66.5M	0.1x	0.6x
OnMobile	$65.0M	n/a	n/a
GD Culture Group	$63.0M	n/a	n/a
Aiming	$59.6M	0.5x	n/a
Snail	$58.3M	0.6x	25.9x
G5 Entertainment	$57.9M	0.5x	2.5x
Qingci Games	$54.2M	0.6x	8.2x
Gamesparcs	$52.3M	n/a	n/a
PLAYSTUDIOS	$51.7M	0.2x	1.0x
Maximum Entertainment	$50.9M	n/a	n/a
Gala	$50.3M	n/a	n/a
Trophy Games	$49.4M	n/a	n/a
CTRL Group	$47.1M	n/a	n/a
Coly	$46.7M	n/a	n/a
ITOXI	$45.4M	n/a	n/a
Zengame Technology Hldgs	$44.9M	n/a	n/a
Ghost Studio	$44.8M	n/a	n/a
COLOPL	$44.5M	0.2x	n/a
Artifex Mundi	$44.2M	1.6x	4.4x
KLab	$42.6M	0.7x	n/a
Fun Yours Technology Co	$38.1M	n/a	n/a
Kayac	$36.9M	0.3x	n/a
PlaySide Studios	$36.2M	1.1x	-6.7x
Aeria	$34.3M	0.3x	n/a
Happytuk Co	$31.8M	n/a	n/a
Beno TNR	$31.4M	n/a	n/a
Polski Holding Rozwoju	$29.5M	n/a	n/a
MAG Interactive	$28.5M	n/a	n/a
Envar Holding	$28.4M	n/a	n/a
T3 Entertainment	$28.2M	n/a	n/a
East Side Games Group	$26.5M	0.4x	2.9x
Mobile Factory	$24.5M	1.0x	n/a
Games Operators	$23.7M	n/a	n/a
Boombit	$23.1M	n/a	n/a
5th Planet Games	$21.3M	n/a	n/a
World Chess	$21.1M	7.5x	n/a
Playwith Korea	$20.5M	n/a	n/a
CAVE Interactive	$20.5M	n/a	n/a
Homeland ITL	$20.0M	n/a	n/a
Enish	$18.6M	0.8x	n/a
Flexion Mobile	$18.4M	0.2x	2.5x
Extreme Co	$16.5M	0.2x	n/a
EMB Mission Bound	$15.9M	1.3x	8.6x
Mobirix	$14.4M	n/a	n/a
AP Healthcare	$14.2M	n/a	n/a
GRAVITY Co.	$13.8M	n/a	n/a
Ultimate Games	$13.3M	n/a	n/a
Tech Robotics	$12.4M	n/a	n/a
Thunderful Group	$9.8M	0.3x	-9.5x
Fragbite Group	$9.7M	n/a	n/a
Proguns Group	$9.3M	n/a	n/a
Vivid Games	$8.2M	n/a	n/a
Nippon Ichi Software	$6.2M	0.2x	n/a
ManyDev Studio	$6.1M	n/a	n/a
Dark Point Games	$6.0M	n/a	n/a
Safe Lane Gaming	$5.9M	n/a	n/a
Drago Entertainment	$5.9M	n/a	n/a
Nitro Games	$5.9M	0.5x	2.8x
Kinda Brave Entertainment	$5.6M	33.8x	-2.6x
Gamivo	$5.4M	n/a	n/a
Edyoutec	$4.8M	n/a	n/a
Lichthund	$4.7M	n/a	n/a
Starward Industries	$4.6M	n/a	n/a
Star Vault	$4.5M	n/a	n/a
Simfabric	$4.5M	n/a	n/a
Pyramid Games	$4.4M	n/a	n/a
Arts Alliance	$4.3M	n/a	n/a
Scout Gaming Group	$4.1M	n/a	n/a
Madmind Studio	$4.1M	n/a	n/a
Red Square Games	$4.1M	n/a	n/a
Carbon Studio	$3.9M	n/a	n/a
Noobz From Poland	$3.7M	n/a	n/a
Longterm Games	$3.7M	n/a	n/a
Plot Twist	$3.5M	n/a	n/a
Play2Chill	$3.2M	n/a	n/a
Gamehunters	$3.2M	n/a	n/a
Varsav Game Studios	$3.0M	n/a	n/a
Jujubee	$2.9M	n/a	n/a
Megapixel Studio	$2.8M	n/a	n/a
VR Factory Games	$2.8M	n/a	n/a
Klabater	$2.8M	n/a	n/a
Immersion Games	$2.6M	n/a	n/a
Qubicgames	$2.4M	n/a	n/a
ECC Games	$2.3M	n/a	n/a
Console Labs	$2.1M	n/a	n/a
Road Studio	$2.1M	n/a	n/a
Qiiwi Games	$2.0M	n/a	n/a
Simteract	$2.0M	n/a	n/a
Gold Town Games	$1.9M	n/a	n/a
Munar	$1.9M	n/a	n/a
Ovid Works	$1.9M	n/a	n/a
Intermarum	$1.9M	n/a	n/a
Kool2play	$1.8M	n/a	n/a
Jumpgate	$1.6M	0.2x	7.4x
Windlands Interactive	$1.6M	n/a	n/a
Space Fox Games	$1.6M	n/a	n/a
7Levels	$1.6M	n/a	n/a
Detalion Games	$1.5M	n/a	n/a
Image Power	$1.4M	n/a	n/a
Freemind	$1.4M	n/a	n/a
CreativeForge Games	$1.4M	n/a	n/a
Baked Games	$1.3M	n/a	n/a
T Bull	$1.3M	n/a	n/a
Draw Distance	$1.3M	n/a	n/a
Uf Games	$1.2M	n/a	n/a
G-devs	$1.0M	n/a	n/a
FSport	$1.0M	n/a	n/a
Adventure Box Tech	$0.9M	n/a	n/a
Duality	$0.9M	n/a	n/a
Dust	$0.8M	n/a	n/a
Art Games Studio	$0.8M	n/a	n/a
SOZAP	$0.8M	n/a	n/a
Eneida Games	$0.7M	n/a	n/a
Examobile	$0.7M	n/a	n/a
Atomic Jelly	$0.7M	n/a	n/a
Black Rose Projects	$0.7M	n/a	n/a
Iron Wolf Studio	$0.6M	n/a	n/a
Drageus Games	$0.6M	n/a	n/a
Live Motion Games	$0.4M	n/a	n/a
Moonlit	$0.4M	n/a	n/a
Demolish Games	$0.4M	n/a	n/a
Vrfabric	-$6K	n/a	n/a
Incuvo	-$1.2M	n/a	n/a
Skillz	-$3.3M	-0.0x	0.1x
GigaMedia	-$18.8M	n/a	n/a
Webzen	-$31.9M	-0.2x	-0.8x
Archosaur Games	-$37.7M	-0.2x	2.0x
Actoz Soft	-$70.0M	n/a	n/a
Sohu	-$448M	-0.8x	5.7x