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	$770B	7.5x	17.9x
Roblox	$87.7B	15.0x	65.5x
Sea	$86.3B	4.1x	28.5x
NetEase	$74.7B	4.7x	13.6x
Electronic Arts	$50.4B	6.6x	18.5x
Take-Two Interactive	$48.5B	8.2x	56.3x
Konami	$18.7B	6.2x	19.0x
NEXON	$13.9B	4.6x	14.7x
Bilibili	$10.5B	2.5x	21.0x
Giant Network Group Co.	$10.0B	15.9x	34.0x
Kunlun	$7.2B	7.0x	-119.5x
Kingnet Network	$6.9B	8.5x	22.2x
Krafton	$6.3B	2.9x	6.3x
International Games System	$6.2B	8.8x	15.8x
Talkweb Information Systems	$6.1B	n/a	n/a
Square Enix	$5.8B	2.8x	16.9x
37 Interactive	$5.5B	2.2x	12.1x
Koei Tecmo	$4.1B	7.1x	17.6x
XD	$4.1B	4.6x	16.5x
G-bits	$4.0B	5.4x	14.7x
Netmarble	$3.7B	1.9x	12.0x
Playtika	$3.3B	1.2x	4.5x
Kingsoft	$2.3B	1.6x	5.6x
NCsoft	$2.1B	1.9x	27.5x
Embracer Group	$2.0B	1.0x	3.5x
Modern Times Group	$1.9B	1.7x	7.2x
MNC Digital Entertainment	$1.8B	n/a	n/a
YOOZOO Games	$1.7B	8.3x	-78.9x
DeNA	$1.6B	1.5x	6.5x
Ourpalm Co	$1.6B	14.2x	146.8x
Dalian Group	$1.5B	6.2x	1773.0x
Kakao Games	$1.2B	3.2x	63.9x
Shift Up	$1.1B	5.8x	8.9x
Nazara Technologies	$1.1B	4.9x	43.1x
NetDragon Websoft Hldgs	$926M	1.3x	6.5x
ZX Inc.	$900M	1.2x	n/a
Hubei Century Network	$777M	3.8x	42.8x
Stillfront Group	$769M	1.2x	3.5x
mixi	$648M	0.6x	3.4x
Boyaa Interactive	$562M	n/a	n/a
Kaiser (China) Culture	$515M	n/a	n/a
Wemade	$489M	1.2x	44.3x
Yalla Group	$442M	1.3x	3.4x
ZQGame	$441M	n/a	n/a
Azerion Group	$423M	0.6x	4.6x
iDreamSky Tech Holdings	$411M	2.0x	n/a
VNG Corp.	$405M	n/a	n/a
PlayWay	$401M	4.9x	8.1x
Guangxi Xinxunda	$391M	n/a	n/a
Nexters	$380M	1.0x	6.1x
NHN Entertainment	$317M	0.2x	2.5x
IGG	$276M	0.4x	8.3x
Gamania Digital	$275M	n/a	n/a
Devsisters	$275M	1.2x	10.3x
GD Culture Group	$256M	n/a	n/a
7ROAD	$239M	n/a	n/a
AlphaPolis	$236M	2.4x	n/a
Com2uS	$207M	n/a	n/a
CMGE Technology Group	$201M	0.9x	n/a
Softstar Entertainment	$199M	n/a	n/a
Bushiroad	$181M	0.5x	n/a
Huuuge	$181M	0.8x	2.0x
X-LEGEND	$179M	n/a	n/a
Bank of Innovation	$174M	n/a	n/a
GREE Holdings	$173M	0.4x	n/a
Neptune	$165M	n/a	n/a
Neowiz	$160M	0.6x	3.3x
Enad Global 7	$159M	0.9x	5.5x
JoyCity	$158M	n/a	n/a
DoubleUGames	$156M	0.3x	0.9x
Golden Matrix Group	$151M	0.8x	7.6x
Atari	$149M	n/a	n/a
Gumi	$146M	2.5x	n/a
Marvelous	$143M	0.6x	n/a
Ten Square Games	$131M	n/a	n/a
Soft-World	$128M	n/a	n/a
Nexus	$113M	n/a	n/a
UserJoy	$113M	2.3x	n/a
Akatsuki	$106M	0.7x	4.3x
KLab	$99.4M	1.8x	n/a
Ateam Holdings	$95.4M	0.6x	8.0x
OnMobile	$90.8M	n/a	n/a
Chinese Gamer	$73.1M	n/a	n/a
Envar Holding	$69.3M	n/a	n/a
Homeland ITL	$64.9M	n/a	n/a
ME2ON Co.	$63.8M	n/a	n/a
Coly	$60.0M	n/a	n/a
Aiming	$59.2M	0.5x	n/a
FriendTimes	$54.1M	0.3x	-74.0x
PlaySide Studios	$53.7M	1.7x	-34.1x
G5 Entertainment	$53.6M	0.5x	3.0x
Gala	$48.1M	n/a	n/a
Maximum Entertainment	$48.0M	0.5x	6.1x
Trophy Games	$43.9M	n/a	n/a
Polski Holding Rozwoju	$43.6M	n/a	n/a
Snail	$43.2M	0.5x	-17.7x
Artifex Mundi	$42.0M	1.4x	4.8x
Gamesparcs	$39.4M	n/a	n/a
Aeria	$36.1M	0.3x	n/a
Beno TNR	$35.9M	n/a	n/a
EMB Mission Bound	$31.9M	1.8x	12.0x
Fun Yours Technology Co	$29.6M	n/a	n/a
Mobile Factory	$28.2M	1.2x	n/a
Ghost Studio	$28.0M	n/a	n/a
Aptocrom	$27.6M	n/a	n/a
Kayac	$26.8M	0.2x	n/a
Playwith Korea	$26.1M	n/a	n/a
GungHo Online	$24.4M	0.0x	0.2x
T3 Entertainment	$24.4M	n/a	n/a
Happytuk Co	$23.4M	n/a	n/a
Boombit	$21.2M	n/a	n/a
Thunderful Group	$20.2M	0.8x	-9.3x
Extreme Co	$19.2M	0.3x	n/a
East Side Games Group	$18.5M	0.3x	2.4x
ITOXI	$18.4M	n/a	n/a
5th Planet Games	$18.0M	n/a	n/a
Games Operators	$17.9M	n/a	n/a
Ultimate Games	$17.1M	n/a	n/a
Enish	$16.4M	0.7x	n/a
MAG Interactive	$15.9M	n/a	n/a
PLAYSTUDIOS	$15.6M	0.1x	0.3x
World Chess	$15.5M	5.6x	n/a
Skillz	$14.7M	0.1x	-0.3x
CTRL Group	$14.5M	n/a	n/a
Vivid Games	$13.1M	n/a	n/a
COLOPL	$12.8M	0.1x	n/a
Tech Robotics	$11.2M	n/a	n/a
Mobirix	$10.1M	n/a	n/a
Fragbite Group	$9.1M	n/a	n/a
GRAVITY Co.	$9.0M	n/a	n/a
Kinda Brave Entertainment	$8.8M	52.7x	-4.0x
Proguns Group	$8.7M	n/a	n/a
Drago Entertainment	$8.5M	n/a	n/a
Dark Point Games	$7.7M	n/a	n/a
Lichthund	$7.6M	n/a	n/a
Noobz From Poland	$7.5M	n/a	n/a
Nitro Games	$5.8M	0.6x	4.0x
Simfabric	$5.8M	n/a	n/a
Edyoutec	$5.7M	n/a	n/a
Arts Alliance	$5.7M	n/a	n/a
Gamivo	$5.7M	n/a	n/a
Starward Industries	$5.6M	n/a	n/a
Nippon Ichi Software	$5.5M	0.2x	n/a
Plot Twist	$5.3M	n/a	n/a
ManyDev Studio	$4.9M	n/a	n/a
Archosaur Games	$4.8M	0.0x	-0.6x
Scout Gaming Group	$4.6M	n/a	n/a
Red Square Games	$4.5M	n/a	n/a
Madmind Studio	$4.3M	n/a	n/a
Pyramid Games	$4.1M	n/a	n/a
Ovid Works	$4.0M	n/a	n/a
CAVE Interactive	$3.8M	0.3x	n/a
Carbon Studio	$3.8M	n/a	n/a
Jujubee	$3.7M	n/a	n/a
Varsav Game Studios	$3.4M	n/a	n/a
Star Vault	$3.4M	n/a	n/a
Longterm Games	$3.3M	n/a	n/a
Play2Chill	$3.3M	n/a	n/a
Jumpgate	$2.6M	0.4x	-7.9x
Qubicgames	$2.6M	n/a	n/a
Megapixel Studio	$2.5M	n/a	n/a
Safe Lane Gaming	$2.4M	n/a	n/a
Simteract	$2.3M	n/a	n/a
Road Studio	$2.3M	n/a	n/a
Console Labs	$2.2M	n/a	n/a
VR Factory Games	$2.1M	n/a	n/a
Freemind	$2.0M	n/a	n/a
Gamehunters	$1.9M	n/a	n/a
Intermarum	$1.9M	n/a	n/a
Image Power	$1.8M	n/a	n/a
7Levels	$1.8M	n/a	n/a
Kool2play	$1.8M	n/a	n/a
Duality	$1.6M	n/a	n/a
Qiiwi Games	$1.5M	n/a	n/a
T Bull	$1.4M	n/a	n/a
ECC Games	$1.4M	n/a	n/a
Space Fox Games	$1.4M	n/a	n/a
Munar	$1.4M	n/a	n/a
Immersion Games	$1.3M	n/a	n/a
Draw Distance	$1.2M	n/a	n/a
CreativeForge Games	$1.2M	n/a	n/a
Detalion Games	$1.1M	n/a	n/a
Atomic Jelly	$1.1M	n/a	n/a
Uf Games	$1.0M	n/a	n/a
Examobile	$1.0M	n/a	n/a
Flexion Mobile	$1.0M	0.0x	0.3x
Windlands Interactive	$0.9M	n/a	n/a
Moonlit	$0.9M	n/a	n/a
Gold Town Games	$0.8M	n/a	n/a
Art Games Studio	$0.7M	n/a	n/a
Iron Wolf Studio	$0.7M	n/a	n/a
Drageus Games	$0.7M	n/a	n/a
G-devs	$0.7M	n/a	n/a
Black Rose Projects	$0.6M	n/a	n/a
Dust	$0.6M	n/a	n/a
Baked Games	$0.6M	n/a	n/a
Live Motion Games	$0.5M	n/a	n/a
Eneida Games	$0.5M	n/a	n/a
Demolish Games	$0.4M	n/a	n/a
FSport	$0.1M	n/a	n/a
SOZAP	-$29K	n/a	n/a
Vrfabric	-$0.1M	n/a	n/a
Incuvo	-$0.7M	n/a	n/a
Qingci Games	-$2.1M	-0.0x	-0.2x
DoubleDown Interactive Co	-$2.4M	-0.0x	-0.0x
Zengame Technology Hldgs	-$9.3M	n/a	n/a
GigaMedia	-$16.8M	n/a	n/a
Webzen	-$42.0M	-0.3x	-1.3x
Actoz Soft Co	-$65.1M	n/a	n/a
Sohu	-$401M	-0.7x	5.6x