November 2026
Largest Advertising & Marketing Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Publicis Groupe, Omnicom Group, Focus Media, BlueFocus Communication and JCDecaux.
 | Headquartered in France, Publicis is the world’s second-largest ad agency holding company based on revenue. Publicis’ services, which include traditional and digital advertising, public relations, and consulting, are provided worldwide, with over 85% of its revenue coming from North America and Europe. | $116 | +19% | $29B | $32B | 1.7x | 9.4x | ||
 | Omnicom is a holding company that owns several advertising agencies and related firms. It provides traditional and digital advertising services that include creative design, market research, data analytics, ad placement, and public relations. The firm operates globally, providing services in more than 70 countries; it generates more than one half of its revenue in North America and nearly 30% in Europe. | $89 | +24% | $24B | $33B | 1.9x | 45.2x | ||
 | Focus Media Information Technology Co Ltd is an advertising company. The company's main business is the development and operation of Life Circle media. Its main products are building media (including elevator TV media and elevator poster media) and cinema screen advertising media, etc., covering the work scenes, life scenes, entertainment scenes, and consumption scenes of the mainstream urban consumer groups, and integrating into a life circle media network. | $1 | -19% | $12B | $11B | 6.0x | 11.6x | ||
| BlueFocus Communication Group Co Ltd provides marketing and brand management services in China and internationally. It offers marketing and brand management services across various disciplines, including strategy, digital, advertising, media, social, PR, design, branding, CRM, data, e-commerce, and mobile solutions to various multinational companies and Chinese enterprises, such as IT, automobile, consumer goods, real estate, finance, and entertainment industries. | $2 | +32% | $7.2B | $6.9B | 0.7x | 122.6x | ||
| JCDecaux SE is an outdoor advertising company. The company focuses on three main business areas namely Street Furniture, Transport advertising, and Billboard advertising. Street furniture advertising relates to bus stop advertising, newspaper kiosks, public benches, and free-standing panels. Transport which focuses on advertising in land transport networks and airports and Billboard Advertising which concerns the marketing of billboards, neon-light billboards, and advertising wraps. The company generates the majority of its revenue from the Street Furniture segment in the form of Advertising. The company has a geographical presence in Europe, Asia-Pacific, France, the Rest of the world, the United kingdom, and North America. | $30 | +70% | $6.4B | $9.5B | 2.3x | 6.5x | ||
 | Dentsu Group is the top advertising agency in Japan and the fifth-largest advertising network in the world. It is the oldest advertising agency in Japan, with the original company being established in 1901. Over the years, Dentsu expanded its global footprint through mergers and acquisitions. Currently, international sales account for about 60% of total revenue. | $25 | +9% | $6.4B | $7.2B | 0.8x | (4.0x) | ||
 | Headquartered in the United Kingdom, WPP is the world’s largest ad holding company based on annual revenue. Its services, which include traditional and digital advertising, public relations, and consulting, are provided worldwide, with over 70% of its revenue coming from more developed regions such as North America, the UK, and Western Europe. WPP is the largest media buying entity in the world. | $6 | +38% | $6B | $13B | 0.7x | 17.5x | ||
| Outfront Media Inc is a real estate investment trust involved in the ownership of advertising space on its portfolio of billboards and transit displays. The Company generates revenue in the form of rental income by allowing other companies to advertise on its properties and structures under short-term contracts. Outfront Media segments its operations into the United States and International units. Although it also owns assets in Canada and Latin America, the company derives the vast majority of its revenue from billboard advertising agreements in the U.S. Roughly half of the U.S. division's revenue comes from its displays in the New York City and Los Angeles markets. Outfront Media's customers include entities within the retail, television, healthcare, and entertainment industries. | $33 | +46% | $5.8B | $9.9B | 5.4x | 21.8x | ||
| CyberAgent is a prominent Japanese media company founded in 1998. Its core businesses include internet advertising, online broadcasting platforms, and gaming. | $8 | -7% | $4.2B | $4B | 0.7x | 8.3x | ||
| Hakuhodo is the second-largest advertising agency in Japan, and one of the oldest advertising agencies, founded in 1895. Over the years, Hakuhodo has acquired many international companies, and overseas revenue currently accounts for 15% of total sales. | $9 | +14% | $3.1B | $3B | 0.6x | 7.6x | ||
| Stagwell Inc is the challenger holding company built to transform marketing. It delivers scaled creative performance for the world's ambitious brands, connecting culture-moving creativity with a technology to harmonize the art and science of marketing. The company's segments include Integrated Agencies Network; Brand Performance Network; and Communications Network. It generates maximum revenue from the Integrated Agencies Network segment. Geographically, it derives a majority of its revenue from the United States. | $11 | +110% | $2.8B | $4.4B | 1.5x | 10.8x | ||
| Strive Inc is a structured finance company and institutional asset manager focused on disciplined capital allocation and long term value creation. The company has adopted bitcoin as its hurdle rate for capital deployment because of its fiduciary duty to maximize long-term value for stockholders, and compounding purchasing power over time. It operates in two reportable operating segments: the Asset Management segment, which provides investment advisory services and the Corporate & Other segment, which includes the company's bitcoin treasury operations. The majority of the revenue is derived from the Asset Management segment. | $22 | +9% | $2.7B | $3.6B | 991.9x | (169.3x) | ||
| Founded in 2008 as a media content platform, Autohome is the leading online automobile platform in China, ranking first among automotive service platforms in terms of mobile daily active users, according to QuestMobile. Through its two websites, autohome.com.cn and che168.com, Autohome delivers comprehensive, independent, and interactive content and tools to automobile consumers as well as a full suite of services to automakers and dealers. According to iResearch, the company was the largest online automotive advertising and lead-generation service provider in China's online auto platform media advertising market, in terms of media services and lead-generation revenue. | $5 | -11% | $2.5B | $265M | 0.3x | 1.5x | ||
 | Stroeer SE & Co KGaA is a Germany-based holding company focused on promotional media services outside of the home. It operates in three main business segments, Out of Home (OOH) Media which generates key revenue, Digital & Dialog Media, and DaaS & E-commerce. The OOH Media segment encompasses the Group's entire OOH advertising business, comprising the Classic OOH, Digital OOH, and OOH services product groups. Digital & Dialog Media segment provides solutions for online advertising in the context of proprietary and third-party content. The scalable products marketed on this basis range from branding and storytelling to performance, native advertising, and social media. Geographically, it generates the majority of its revenue from Germany. | $43 | +5% | $2.4B | $3.2B | 1.4x | 4.8x | ||
| Havas NV is a communications group providing integrated advertising, media, and healthcare-focused communication services. Its has three business lines: (i) Havas Creative, which delivers creative services, from advertising, brand strategy and business transformation to digital and social media solutions as well as public relations and events; (ii) Havas Media, which is dedicated to delivering comprehensive media experiences, through media planning and buying, fan engagement, retail media and e-commerce, as well as data analytics services to optimize client advertising investments; and (iii) Havas Health, which focuses on healthcare and wellness communications, providing specialized marketing services to pharmaceutical companies. The majority of revenue is derived from Havas Creative. | $20 | +21% | $2B | $2.4B | 0.7x | 5.2x | ||
| Guangdong Advertising Group Co Ltd is a advertising and marketing company. It provides professional marketing services. | $1 | -25% | $1.7B | $2.1B | ||||
| Zhewen Interactive Group Co Ltd is engaged in digital marketing, with technology and data driving traffic operations, and digging into the value of traffic. It provides corporate marketing planning, corporate image planning, exhibition and display services; design, production, agency, and advertising. | $1 | -14% | $1.7B | $2B | ||||
| 4imprint Group PLC is engaged in the sale and distribution of promotional products. The company operates in two geographical segments; North America and the United Kingdom and Ireland, Out of which a majority of its revenue is derived from the North American segment. Its products comprise apparel, stationery, technology, and food products among others. The company's plan of action involves achieving organic growth. This implies the use of data-driven, offline, and online direct marketing techniques thereby capturing large and fragmented promotional product markets. | $58 | +12% | $1.6B | $1.5B | ||||
| Hunan TV & Broadcast Intermediary Co Ltd is a Changsha-based company that designs, produces and broadcasts television advertisements and provides advertising agent services. It is listed on the Shenzhen stock exchange. | $1 | -15% | $1.5B | $1.6B | ||||
 | CHEIL Worldwide Inc is a Korean-based advertising and media firm. The company mainly provides strategic, creative, experimental, digital and creative solutions. Its services involve brand activation and retail marketing. It also provides its clients around the world with integrated marketing solutions. | $14 | -6% | $1.5B | $1.1B | ||||
 | Plan B Media PCL is principally engaged in providing advertising media production, advertising space, and airtime rental services. The group has two principal reportable segments, which are the Out-of-home media segment comprising advertising media production, advertising space and airtime rental services, and Engagement marketing segment comprising sports marketing and artist management. The majority of its revenue is derived from the Out-of-home media segment. | $0 | +116% | $1.2B | $1.3B | ||||
| Entravision Communications Corp owns and operates Spanish language television and radio stations in the United States. The Company also owns and operates a smaller group of television stations that broadcast English language programming and has operations that provide programmatic advertising technology and services. The Company has organized its operations into two reportable segments. Its media segment includes its television, radio, and digital marketing operations. Its advertising and technology services segment provides programmatic advertising and technology services. The company generates the majority of its revenue from the Media segment. Geographically, the company generates the majority of its revenue from the United States. | $9 | +228% | $841M | $951M | ||||
 | APG SGA SA is a Swiss out-of-home advertising media company. As a media company, it transports advertising messages into public and private areas with posters, screens, and related media as promotions and mobile advertising. This media performance is generated in streets, city centers, pedestrian zones, railway stations, shopping centers, airports, tourist resorts, and on the outside and inside of public transport vehicles. The company's regional segments are Switzerland, and Serbia, out of which a majority of its revenue comes from Switzerland. | $249 | -5% | $746M | $719M | ||||
 | Arabian Contracting Services Co is an outdoor advertising solution provider, offering clients expertise across a multitude of platforms and disciplines. It is mainly engaged in establishing and operating outdoor advertising billboards, including roadside and indoor advertisements. The group's operating segments are Advertising and Others. The Advertising segment, which generates a majority of its revenue, is engaged in the provision of indoor and outdoor advertisements. The Others segment includes all types of printing work and retail sales by mail. Geographically, the group derives maximum revenue from its business in the Kingdom of Saudi Arabia, and also has a presence in the Arab Republic of Egypt and the United Arab Emirates. | $13 | -60% | $698M | $2.3B | ||||
| Vector Inc is a Japanese-based company involved in four main businesses which are public relation (PR), Digital PR, Facebook marketing and Facebook marketing business. The company provides various services as per the requirements of companies and consumers. In addition, it also offers other services covering areas such as management, finance, accounting, human resources, administration, internal controls, and audits. | $15 | +99% | $686M | $621M | ||||
| Ciwen Media Co Ltd is a China-based company engaged in the investment, manufacture, and publication of movie and television plays. It is also engaged in the research, development, and promotion of games, artist brokerage business and the provision of information technology. The company distributes its products within domestic market and to overseas markets. | $1 | +18% | $663M | $660M | ||||
| FS Development Investment Holdings is a Chinese marketing-communications group headquartered at Oriental Plaza in Beijing and listed on the ChiNext board of the Shenzhen Stock Exchange (stock code 300071); it was formerly named Spearhead Integrated Marketing Communication Group (Huayi Jiaxin). Its services fall into three lines: digital marketing, covering content, social-media, video, live-stream and private-domain marketing and influencer placement; experiential marketing built around brand events and interactive activities; and public relations and advertising, including brand strategy, media relations and crisis management. It runs its own AIGC tools, the DS AI Chain platform and the FlinkAI full-funnel marketing platform, and its public-relations subsidiary ranked 21st in PRovoke Media's 2024 global top 250 PR agencies. Clients are brand owners that pay fees for campaigns; carmakers supplied about 45% of 2024 revenue, with brands such as Changan Mazda, Ford, Wuling, Honor and Vivo among its award-winning accounts. In 2024 the group reported revenue of 1.22 billion yuan, down 11.5%, a net loss attributable to shareholders of 130.5 million yuan, and 787 employees. The company was founded in January 2003 and listed on 21 April 2010, raising 325 million yuan at 25 yuan a share. Chen Yongliang, its actual controller with a 10.2% stake, has been chairman since November 2020. | $1 | -32% | $623M | $624M | ||||
 | OOh media operates a network of out-of-home advertising sites with a commanding 35% share of the Australian market, and also has a sizable presence in New Zealand. It has a diverse portfolio of locations to service the needs of out-of-home advertisers, and is particularly strong in the roadside billboard, street furniture, rail, and retail (shopping malls) segments. OOh media offers these advertising services by entering into space lease arrangements with owners of out-of-home sites, and extracting margins on those lease concessions from firms advertising on those sites. oOh!media is effectively an intermediary allowing site owners to monetize their visible space in high-traffic areas. | $1 | +39% | $609M | $1.4B | ||||
| Beijing Quanshi World Online Network Information Co Ltd is engaged in providing customers with integrated internet marketing services and enterprise-level SaaS marketing services. | $3 | -- | $550M | $489M | ||||
| Innocean Worldwide Inc is a Korea-based company that conducts its business as an advertising agency. The company is engaged in the production of commercial advertising and promotional materials, and other related business activities. The group has a single segment of advertising agencies, from where it generates its entire revenue. | $13 | +6% | $523M | $163M | ||||
 | FILA-Fabbrica Italiana, known as F.I.L.A., is an Italian manufacturer of art, craft and school supplies founded in 1920 and headquartered in Milan. It is listed on Euronext Milan and sells coloring, drawing, modelling, writing and painting tools under brands that include Giotto, Das, Lyra, Canson, Daler-Rowney, Dixon Ticonderoga and Maimeri. The group has grown through a series of acquisitions, among them Adica Pongo, Dixon Ticonderoga, Lyra, Lapiceria Mexicana, Lycin, Daler-Rowney Lukas, Canson and Pacon, and in January 2026 it took control of Seven, a school backpack and stationery maker. It reported 2024 group revenue of 612.6 million euros with normalized EBITDA of 118.2 million euros, and holds a minority stake in the Indian listed company Doms Industries. | $10 | -11% | $512M | $804M | ||||
| Italian Exhibition Group is an Italian trade fair and congress organiser formed in 2016 by the merger of Rimini Fiera and Fiera di Vicenza and listed on Euronext Milan since 2019. It runs exhibition and congress venues in Rimini and Vicenza and organises events in food and beverage, jewellery and fashion, tourism and hospitality, wellness and sport, and green technology. The group has expanded abroad through joint ventures and acquisitions in the United States, the Middle East, Brazil, Mexico and China. For 2025 it reported revenues of 266.4 million euros and adjusted EBITDA of 70.9 million euros. Corrado Peraboni is managing director and chief executive. Revenue comes from stand space rental, services to exhibitors and visitors, congress hosting and venue management. | $16 | +68% | $490M | $617M | ||||
| INTAGE HOLDINGS Inc is engaged in the provision of marketing research and consulting system solutions, and healthcare development support in Japan. | $12 | +8% | $452M | $382M | ||||
| Next 15 Group PLC is a digital marketing company in the United Kingdom. The company segments include Retail Media; Data & Research; Digital Transformation, Marketing & Communications, and Creative Services . It generates maximum of its revenue from the Marketing & Communications segment. | $4 | +10% | $446M | $536M | ||||
| Advantage Solutions Inc is a omnichannel retail solutions agency in North America, uniquely positioned at the intersection of consumer-packaged goods (CPG) brands and retailers. | $32 | +36% | $412M | $1.8B | ||||
| S4 Capital PLC is a company whose principal business activities are focused on the provision of new age/new era digital advertising and marketing services. It builds a purely digital advertising and marketing services business for multinational, regional, and local clients and millennial-driven influencer brands. The company integrates businesses in three practice areas: First-Party Data, Content, and Programmatic. The company operates in three reportable segments: Content, Data & Digital Media, and Technology Services. The company generates the majority of its revenue from the Content segment. Geographically, the company generates the majority of its revenue from the Americas, followed by Europe, the Middle East & Africa, and then Asia Pacific. | $1 | +127% | $341M | $462M | ||||
 | Digital Network SA consists in selling advertising time through digital outdoor advertising in Poland. | $75 | +106% | $340M | $386M | ||||
| Cairo Communication is an Italian media and publishing group based in Milan, founded in 1995 by Urbano Cairo as Cairo Pubblicita and listed on Borsa Italiana, where its shares trade on the FTSE Italia Small Cap and STAR indices. Urbano Cairo controls about 50 percent of the company through UT Communications. The group publishes weekly and monthly magazines through Cairo Editore, owns the television network La7 and controls RCS MediaGroup, publisher of the newspaper Corriere della Sera, in which it holds about 59.7 percent. Its advertising sales are handled by the concessionaire CairoRCSMEDIA, created in December 2020 from Cairo Pubblicita and RCS Pubblicita. The group reported revenue of about 1.17 billion euros in 2022 and had 2,909 employees. In the first half of 2025 Cairo Editore held about 29 percent of newsstand weekly copies sold in Italy. Besides the 2013 purchase of La7 and the 2016 takeover of RCS MediaGroup, it took a 14.10 percent stake in the publisher Editoriale Genesis in 2026. | $2 | -24% | $292M | $817M | ||||
| IVE Group Ltd is a diversified print and marketing communications company. The principal activities of the company include conceptual and creative design across print, mobile and interactive media; catalogues, the printing of magazines, marketing, and corporate communications materials and stationery and multi-channel solutions. It serves sectors such as financial services, publishing, retail, communications, property, clubs and associations, not-for-profit, utilities, manufacturing, education and government. | $2 | -15% | $242M | $556M | ||||
 | Squirrel Media is a Spanish communications and audiovisual group listed on the Madrid stock exchange, formerly known as Vertice 360. It is organised in four areas: advertising, content, media and telecommunications services. Advertising includes IKI Group, Best Option Media and AdsPlanning, content includes Vertice Cine, BF Distribution and Comercial TV, media includes channels such as NET TV, BOM Cine and Nautical Channel and the radio station BOM Radio, and telecommunications services include M3 Satcom and Itesa. The group operates as the third television operator in Spain and is chaired by Pablo Pereiro Lage, who built it through his holding Squirrel Capital. It earns revenue from advertising, the production and distribution of audiovisual content, and technology and telecommunications services, and it grows through acquisitions. | $2 | -25% | $217M | $292M | ||||
 | Brightcom Group Ltd is an Indian service company engaged in providing digital marketing services and developing computer software and services both locally and internationally. The company operates through two segments: Digital Marketing and Software Development. Brightcom provides digital marketing solutions to businesses, agencies, and online publishers internationally. Additionally, it offers enterprise solutions, specializing in enterprise resource planning (ERP), Microsoft, and open-source system development. The company generates revenue from the sale of domestic services, export services, and software exports, with the majority of its revenue coming from the Digital Marketing segment, mainly through the sale of service exports. | $0 | -33% | $197M | $46M | ||||
| M&C Saatchi PLC is an advertising and marketing group. Activities carried out by the group include research agency services, direct marketing, digital advertising, mobile marketing, branding, corporate PR, TV production, and sports sponsorship, among others. The group operated under two segments: Advertising and High Growth Specialisms, excluding Group Central Costs. The group's business has its presence in the United Kingdom, Europe, the Middle East and Africa, Asia and Australia, and the Americas. It derives the majority of its revenue from the United Kingdom. | $2 | -4% | $188M | $232M | ||||
| The Smarter Web Company PLC is a UK-based technology company operating a Bitcoin treasury alongside its web services business. The Company holds Bitcoin as its primary treasury reserve asset to build long-term shareholder value and operates one of the public Bitcoin treasuries in the UK. Through its agencies, Squarebird and Smarter Web Operations, it provides web design, development, hosting, and digital marketing services to organisations of all sizes in the UK and internationally. The Company intends to acquire additional web and digital marketing businesses to expand its balance sheet and service offerings. | $0 | -- | $183M | $214M | ||||
 | Samba Digital SGPS SA is an international sports and entertainment marketing agency. The company specializes in sports brands digital internationalization. | $17 | -1% | $166M | $166M | ||||
 | Appear ASA, along with its subsidiaries, provides high-capacity, sustainable solutions for live-production and broadcast distribution technology to media, entertainment and sports clients. The company provides live video transport solutions that operate over satellite, dedicated fiber, and public internet infrastructure. Its offerings support a range of live event scenarios across media, entertainment, and sports industries, adapting to the varying requirements of these sectors. The company derives revenue from: Sales of media processing and delivery platforms, sales of software and licenses, and Sales of support and consulting services, majority being generated from the sales of media processing and delivery platforms. The Company has three geographic areas for Sales EMEA, APAC, and AM. | $4 | -46% | $165M | $131M | ||||
 | Cmc Corp is engaged in the Information technology services and other services related to computers; Software production, providing software and content services and solutions; Manufacturing, trading, repairing machinery, electronic equipment, communications and information technology; Real estate business, land use rights of owners, service users for rent; and Telecommunications activities. | $1 | -47% | $160M | $222M | ||||
| National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies. | $2 | -62% | $153M | $131M | ||||
| Ceres Inc is engaged in the mobile service business and financial service business. | $13 | -6% | $151M | $135M | ||||
| Solocal is a French digital advertising and local marketing group previously known as PagesJaunes Groupe. Its business connects consumers looking for local products and services with businesses seeking customers, building on the PagesJaunes directory franchise. During the period covered by its 2013 annual report, the group supplied online advertising, local search, website services and other digital marketing products to business customers. It also operated print directory activities while shifting a growing share of its business towards internet services. Revenue came from businesses paying for visibility, advertising placements and related marketing services, rather than primarily charging consumers to search for information. The portfolio at that time included directories, mapping and specialised information and property services. This historical perimeter included businesses subsequently sold or reorganised and should not be read as a statement that every former brand remains owned today. | $4 | +18% | $150M | $137M | ||||
| Roctec Global PCL is principally engaged in the provision of system integration and advertising services. Its reportable segments are System installation service and Advertising. The majority of its revenue is generated from the System installation service segment, which covers consulting, system design, system implementation, and import of information and communication technology-related hardware and software. Its ICT solutions include data network infrastructure solutions, cybersecurity solutions, and technology solutions. The Advertising segment is engaged in providing services related to outdoor advertising and other advertising media. | $0 | -2% | $148M | $111M | ||||
 | Tiny Ltd operates as a technology holding company which acquires majority stakes in businesses. Its investments are predominantly internet and technology-focused, but it also owns businesses in other industries. The company's reportable segments are; Digital Services, Creative Platform, Software, and Apps. Geographically, it generates key revenue from the United States followed by Europe, Asia, Canada, Australasia, and other regions. | $5 | -- | $138M | $240M | ||||
| Able View Global Inc operates as a brand management partner of international beauty and personal care brands in China. It provides full-service solutions covering marketing plan, branding, digital and social marketing, omni-channel sales, customer service, overseas logistics, warehouse, and fulfillment. The firm generates revenue from product sales by distributing and selling cross-border products from various brand owners to Chinese consumers. | $2 | +264% | $133M | $141M | ||||
| Orchestra Holdings Inc is engaged in digital marketing and life technology business. It provides SEM consulting, site production, banner production, Facebook page production, Facebook ads, listing advertisements services among others. It offers the total solution for digital marketing measures including operational type advertisement, SEO consulting, creative service. | $13 | +75% | $126M | $146M | ||||
| Yellow Pages is a Canadian digital media and marketing company serving local businesses and the consumers searching for them. It operates online properties including YP.ca and Canada411.ca alongside mobile applications and printed directories. Business customers purchase advertising, enhanced listings and digital marketing services to improve their visibility and attract prospective customers. Its services include website production, search engine marketing, search optimization, display advertising and social media campaign management. The NetSync service distributes business information across a network of online properties to keep listings consistent. Yellow Pages produces and manages content such as business profiles, videos and websites for customers that may lack their own marketing resources. Revenue comes from advertising and related marketing services, with digital activities representing the majority of the company's business. | $10 | +23% | $114M | $111M | ||||
 | Gentoo Media Inc is an affiliate connecting operators and players in the online gambling and sports betting industry, offering an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through its prominent industry sites. The Group operates in two segments, which is Publishing; and Paid Media. It derives maximum revenue from Publishing segment. The publishing segment generates revenue by creating content monetized through ads, subscriptions, or sponsorships. It attracts audiences organically via Search Engine Optimization (SEO), social media, and direct traffic, earning from programmatic ads, direct brand deals, or paywalls. | $1 | -41% | $112M | $238M | ||||
| MIC Co Ltd is a full-service provider of retail promotion services (business improvement consulting, printing, fulfillment, system development, BPO, creative designing, field supporting, etc.). | $16 | -21% | $111M | $104M | ||||
| Reworld Media is a French media group that publishes consumer content and provides communications services for commercial brands. Based in Boulogne-Billancourt, the group operates media brands across subjects including women’s interests, homes, food, motoring and entertainment. Its publishing activities distribute editorial content through print publications, websites, newsletters, mobile applications and social media. Advertisers use these audiences through advertising campaigns, branded content and other marketing services tailored to particular consumer interests. The group also develops activities such as events and e-commerce alongside its editorial brands. Reworld Media was founded in 2012 and is publicly traded in Paris. Its acquisition of the ZoomOn network in 2015 expanded its local social media communities and added audiences for targeted advertiser communications. | $2 | +7% | $110M | $271M | ||||
| Tihama Advertising & Public Relations Co is engaged in advertising, public relations, marketing, media and telecommunications services, publishing, bookshops, and video business. The company's activity is based on road advertisements. The group operates in seven main sectors, which include Advertising, Production, Distribution, Bookstores and Retail, Parent Company and Investments. | $5 | -12% | $107M | $74M | ||||
| DATA Communications Management Corp is a Canadian provider of print and digital solutions, serving brands across industries such as financial services, retail, healthcare, energy, regulated sectors, and the public sector. The company manufactures customized products based on pre-approved customer specifications and also procures and resells products from third-party vendors, including technology-enabled hardware solutions, as requested by clients. It mainly operates in Canada, which generates the majority of its revenue, with additional operations in the United States. | $2 | +33% | $105M | $272M | ||||
| Pebble Group PLC is a provider of products, services and technology to the promotional merchandise industry. The Group has two segments, Brand Addition which derives key revenue, and Facilisgroup. The company is engaged in the design, sourcing, and delivery of creative promotional merchandise and branded products to blue-chip clients for corporate and consumer marketing activity, through Brand Addition; and the provision of digital commerce, consolidated buying power, and community learning and networking events to SME promotional product distributors in North America through subscription-based services, in its Facilisgroup segment. The company generates a majority of its revenue from Europe and the rest from United Kingdom, the United States, and the rest of the world. | $1 | +19% | $101M | $109M | ||||
| f-code Inc is engaged in providing comprehensive consulting services in digital marketing. | $7 | -30% | $88M | $91M | ||||
| Knowmerce Corp is an Entertainment and Technology company that provides comprehensive solutions utilizing artist IP (intellectual property rights). The core of business is expanding entertainment services through artist IP. | $8 | -48% | $85M | $81M | ||||
| Macbee Planet Inc is engaged in provision of marketing analysis service using data. The company operates with 2 business areas, the Analytics Consulting Business which builds LTV prediction models by analyzing and visualizing purchasing data to derive optimal marketing methods, and the Marketing Technology Business which provides sales and operation support for in-house developed products utilizing data and technology. | $6 | -44% | $78M | $63M | ||||
| Feedforce Group Inc is involved in the data feed business, digital advertising business, social media marketing business, and other businesses. The company has three reportable segments are Professional Services Business, SaaS Business, and DX Business. The Professional Services Business consists of two main services, Anagrams and DF PLUS, and provides marketing support and solutions that utilize data feeds and listings to businesses, mainly enterprise companies. The SaaS Business consists of three main services: Social PLUS, dfplus.io, and EC Booster. The DX Business consists of four main services: App Unity, Rewire, FRACTA, and Shippinno. | $3 | -26% | $77M | $62M | ||||
| High Co is a France based company engaged in offering marketing solutions for various brands and stores worldwide. The company provides drive to store solutions to generate traffic and develop a preference for the brand and store; in-store solutions to boost sales at physical points of sale and online, and data analysis and management solutions to enhance understanding of shoppers and target actions with a focus on R.O.I. | $4 | -14% | $77M | - | ||||
| Star Fashion Culture Holdings Ltd is a content marketing solutions services provider. The company offer services focusing on marketing campaign planning and execution, offline advertising services; and online precision marketing services. The services also include marketing campaign planning and execution, events including marathons, sports events, and music festivals. | $5 | -18% | $74M | $74M | ||||
 | Adtraction Group AB is a full-service partner marketing platform, helping brands across multiple industries attract new customers, while helping partners monetise content and traffic. With a user-friendly platform, Adtraction connects brands with a diverse range of marketing partners, ranging from content sites, influencers, affiliates, mobile apps and comparison sites. | $4 | +47% | $72M | $58M | ||||
 | Pc Iletisim Ve Medya Hizmetleri Sanayi Ticaret is a communication group. It offers media services, advertising, reserving, buying, renting, selling all kinds of television programs for customers, buying and selling all kinds of television programs, cooperating with content, promotion and printing services. | $1 | +12% | $64M | $41M | ||||
| DocCheck AG operates in the healthcare sector. Along with its subsidiaries, it operates across the following segments: DocCheck Agency, DocCheck, and DocCheck Shop. Maximum revenue is derived from the DocCheck Agency segment, which develops and implements communication concepts for the healthcare and B2B markets using both new and traditional media. The DocCheck Shop segment sells medical supplies and medical technology, mainly via mail order, to various medical professional groups, and the DocCheck segment represents the Group's access and portal business, which involves verifying and granting access rights and providing research and communication services with and for members of medical professional groups. Geographically, the Group generates maximum revenue from Germany. | $12 | -12% | $59M | $43M | ||||
| Praveg Ltd is engaged in providing advertising, publicity, printing, graphics, marketing services by conducting and organizing trade fairs, exhibition, events management press releases, making, developing films, ad films event management. | $2 | -35% | $58M | $73M | ||||
| Making Science Group SA is engaged in the business of technology and marketing solutions for the e-commerce and digital transformation business. The company provides solutions in the areas of digital marketing, data analytics, e-commerce, and cloud. The company carries out its professional activity in the United States, Spain, Italy, France, and other. The Company obtains its income mainly from advertising and public relations services. | $6 | -34% | $54M | $67M | ||||
| Tam Development Co is engaged in the activities of advertising, public relations, communications, activities of business incubators and accelerators, marketing services for third parties, market research, opinion polls, and management consulting services. It generates the majority of its revenue from consulting services. | $15 | -38% | $51M | $47M | ||||
| EQ Inc is a provider of digital marketing services. The company operates in a single segment, which is to provide real-time technology and analytics to improve performance for web, mobile, social, and video advertising initiatives, and focuses on targeted advertising and incorporates advertising technologies, data analytics, and programmatic media buying capabilities into a single segment. The company generates the highest revenue from Advertising Services, followed by Data sales, which includes fixed CPM data and licenses. | $1 | -2% | $47M | $48M | ||||
| GameSquare Holdings is a Nasdaq-listed media, entertainment and technology company, trading as GAME and headquartered in Frisco, Texas, that helps brands and game publishers reach Gen Z, Gen Alpha and millennial audiences through gaming and creator culture. Led by chief executive Justin Kenna, it offers marketing and creative agency services, audience data and analytics, a talent and creator network, owned-and-operated gaming media and live experiences, and it describes its gaming media network as one of the largest in North America by Comscore measures. Its largest investors are Dallas Cowboys owner Jerry Jones and the Goff family. The company has grown through acquisitions: it bought the esports organisation Complexity Gaming in 2021, combined with Engine Gaming and Media in 2022-23, acquired FaZe Clan in an all-stock deal completed in March 2024, and later bought Click Management and, in 2026, the YouTube creator-tools company TubeBuddy. In March 2025 it sold its remaining 25.5% of FaZe Media to Gigamoon Media and FaZe's founders while keeping 100% of FaZe Esports, and expanded its gaming and esports events business. It earns revenue mainly from brand partnerships, agency fees, advertising and data subscriptions. | E-Sports+1 | $2 | +351% | $45M | $57M | |||
| Wise Planet Co Inc is engaged in providing Marketing agency services and media commerce business. | $4 | -- | $44M | - | ||||
| Revu Corporation Inc is a company providing influencers who want to receive rewards from small business owners and companies with the opportunity to participate in or receive suggestions from campaigns and also by providing small business owners and companies who want to market their products, products, and services through these influencers. It is engaged in an influencer marketing agency business that recommends optimized influencers through a matching platform and carries out campaigns. | $4 | -49% | $41M | $6M | ||||
| Hopscotch Groupe SA designs engaging and long-lasting relationships between new audiences and the brands, companies and institutions. The company is also involved with sales promotion events. | $13 | -10% | $41M | $59M | ||||
| TradeDoubler AB is a Sweden based performance marketing company. It helps clients grow their online sales and find new customers for their businesses and help an expanding network of online publishers monetize their websites. Tradedoubler offers a portfolio of performance marketing solutions that enable advertisers to enhance measure and track the return on their digital marketing. The segments include the following markets: Germany and Switzerland (DACH), France and the Netherlands (France & Benelux), Sweden, Norway, Denmark, Finland, and Poland (Nordics), Italy, Brazil, and Spain (South). Additionally, the UK is grouped under UK & Ireland.. The company derives a majority of revenue from Nordics segment. | $1 | -4% | $41M | $41M | ||||
| MemeStrategy Inc is dedicated to driving Web3 innovation and Web2 digital transformation with cutting-edge technology. Its core business centers on providing strategic advisory services for digital assets and Web3 projects, creating a professional, reliable, and inventive bridge between Web2’s traditional economy and Web3’s technological advancements to drive the future of the digital economy. It focuses on investing and partnering with high-potential enterprises that face challenges in digital transformation and international expansion despite promising growth prospects and growing user base. MemeStrategy’s treasury strategy focuses on cryptocurrencies and other high-growth digital assets, within its long-term investment framework. | $0 | -74% | $37M | $19M | ||||
| Aurora Mobile Ltd provides stable, and accurate developer services for educational and medical products. It is focused on providing companies with stable and efficient push notification services. It provides a comprehensive suite of services to mobile app developers in mainland China. Through its developer services, it gains access to, aggregate, cleanse, structure and encrypt vast amounts of real-time and anonymous device-level mobile behavioral data. It offers data services such as iAPP which helps the investors to analyze opportunities in the sector, Anti-fraud helps to identify fraud risks, iAudience, iZone and other related services. The company operates and generates its revenue from the People's Republic of China. | $6 | -14% | $33M | $16M | ||||
| Mission Group PLC is a UK-based marketing communication company. It provides marketing, advertising, and business communication services to national and international clients. The company's segments are Business & Corporate, Consumer & Lifestyle, Health & Wellness, Property, Sports & Entertainment, Technology & Mobility, Mission Advantage & Central, and Investments. The Business and corporate segment collects the majority of the company's revenue. Geographically, the company generates maximum revenue from the UK and also has operations in Asia, the USA, and the Rest of Europe. | $0 | +52% | $33M | $64M | ||||
| PRAP Japan is an independent public relations consultancy headquartered in Tokyo and listed on the Tokyo Stock Exchange. Founded in 1970, it is one of the oldest integrated PR firms in Japan. It designs and runs strategic communications programmes for domestic and foreign companies, covering corporate and brand positioning, media relations, issues and crisis communication, event communications, sustainability and ESG communication, IPO communication, overseas and outbound PR, and measurement of communications results. It works mostly on annual retainer contracts and deals directly with clients rather than through advertising agencies, with a roughly even split between Japanese and foreign clients across technology, healthcare, mobility, real estate, public sector and culture. The group has consolidated subsidiaries in consulting and agency services and offices in Tokyo, Sapporo, China, Singapore, Vietnam and Thailand. It earns revenue from consulting and project fees. | $7 | -- | $32M | $5M | ||||
| Acquazzurra is an Italian barter advertising company based in Milan that sells advertising space on national media on behalf of advertisers and takes payment in goods and services instead of cash. It was founded in 2004 as Acquazzurra S.r.l. and works with more than 200 advertisers across furniture, lifestyle, automotive, food and wine and technology. The goods it receives are sold through its members-only showroom Aclub, to distributors in Italy and abroad, and through the promotional market. The company reported turnover of more than 22 million euros in 2023 and operates a sales area of about 1,200 square meters. Its media partners include Publitalia 80, Rai Pubblicita, RCS Media and Conde Nast. Acquazzurra acquired Trait d'Union in 2019 and was admitted to the professional segment of AIM Italia on 13 May 2021, raising 2 million euros in its placement. | $12 | -- | $31M | $32M | ||||
| Pureprofile Ltd is a global data and insights organization providing online research and digital advertising services for agencies, marketers, researchers, and publishers. The company offers custom audiences, advanced survey programming, data cleaning and hygiene, dashboards, advertising effectiveness studying, competitor benchmarking, and analytics services. | $0 | -18% | $31M | $28M | ||||
| IMS SA offers sensory marketing services in Poland. The company operates in the media and modern technology segment. The company's services include Audio marketing, Digital Signage, Scent marketing, Event marketing, Technology and development for sensory marketing. | $1 | +9% | $31M | $41M | ||||
| Id-entity SA is an innovative marketing technology based on a data-driven omnichannel designed for a proprietary software platform. The company offers content creation, digital marketing, and advertising solutions, enabling the services to a worldwide customer base for websites, e-commerce, and physical stores. | $3 | +14% | $31M | $29M | ||||
| Creative Realities Inc, along with its subsidiaries, is engaged in providing digital marketing technology & solutions to world-wide retail companies, luxury and other individual retail brands, advertising networks, outdoor clients, enterprises, and other organizations. The Company operates in one reportable segment, marketing technology solutions. The company provides solutions related to digital merchandising systems, omnichannel customer engagement systems, interactive digital shopping assistants, advisors and kiosks, and high-end audio-visual networks along with marketing technologies such as mobile, social media, point-of-sale transactions, beaconing, and web-based media. | $2 | -27% | $29M | $114M | ||||
| Townsquare Media Inc is a radio, digital media, entertainment, and digital marketing solutions company principally focused on being the premier local advertising and marketing solutions platform in small and mid-sized markets across the United States. It has three segments which are Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. It earns the majority of the revenue from the Broadcasting Advertising segment, which includes its local, regional, and national advertising products and solutions delivered via terrestrial radio broadcast. Its portfolio includes local media brands such as WYRK.com, WJON.com, and NJ101.5.com, and premier national music brands such as XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com. | $2 | -68% | $28M | $520M | ||||
| DigiTouch is an Italian digital marketing and technology services company headquartered in Milan, listed on the Euronext Growth Milan market under the ticker DGT. It presents itself as a cloud marketing company that uses data, artificial intelligence based solutions and e-commerce platforms to support business growth for clients. The group works through marketing, technology and e-commerce activities and has grown by buying small Italian agencies and software companies, among them Performedia, E3, Meware, Purple Ocean, Ondeal, MobileSoft and Progettoimmagine. It reported revenue of EUR 41.8 million for 2025, up 4.5 percent, with adjusted EBITDA of EUR 7.8 million and net income of EUR 1.86 million. The shareholder Daniele Meini holds about 15 percent. | $2 | -10% | $28M | $36M | ||||
| Dianomi PLC is a provider of native digital advertising services to its clients in the financial services, technology, corporate, and lifestyle sectors. It enables premium brands to deliver native advertisements to a targeted audience on desktop and mobile websites, mobile and tablet applications, and Apple News feeds of premium publishers. | $1 | +306% | $27M | $19M | ||||
| Gtn Ltd is a marketing services company. The company operates broadcast media advertising platforms that supply traffic information reports to radio and/or television stations. The company offers advertising spots on television and radio networks, adjacent to information reports that listeners are typically engaged with traffic and news, as this content is of use to the consumer. Its advertising platform enables advertisers to reach audiences in Australia, Canada, the United Kingdom, and Brazil. | $0 | -39% | $22M | $26M | ||||
| Friends is an Italian listed investment vehicle based in Milan that was admitted to Euronext Growth Milan in August 2025 as a search fund dedicated to impact investing and to supporting Italian small and medium-sized companies through generational handovers. It was promoted by the entrepreneur Bruno Belgioco, who has more than thirty years of experience in the mobility sector, and targeted companies with an equity value between 10 and 20 million euros in sectors such as sustainable mobility, health, education, social inclusion and renewable energy. In April 2026 it completed the acquisition of the entire share capital of P.M.G. Italia, a company based in Bolzano that finances accessible mobility services through advertising concessions, in a reverse take-over that turned Friends into a listed operating group. The management of PMG reinvested part of the proceeds in new Friends shares at the IPO price of 1.20 euros. | $2 | -- | $20M | $15M | ||||
| Impact Fusion International Inc is a United States based company engaged in marketing products in the Health and Wellness sector. It creates health and wellness products for humans and animals in the following brands: Intact Nutrition, Nutri-Mastic, Equine Intact, Pet Intact and Supreme Gold Plus. | $0 | -11% | $20M | $28M | ||||
| AcuityAds was a Toronto advertising-technology company founded in 2009 and later rebranded as illumin. It developed programmatic media-buying software used by advertisers and agencies to plan, purchase, optimize and measure digital campaigns. The platform processed display, video, mobile and other advertising formats using audience data and automated bidding. AcuityAds earned usage-linked platform and managed-service revenue from business customers and operated as a publicly traded company. It expanded through acquisitions intended to add technology, inventory relationships and geographic distribution. The 2018 ADMAN Media purchase added a European and Latin American video-advertising business to AcuityAds' North American programmatic platform. The listed parent now uses the Illumin Holdings name while continuing to sell advertising-journey and campaign software under the illumin brand. | $0 | -46% | $20M | - | ||||
| Obiz SA is specialized in the design, development and animation of relationship marketing programs. The company offers benefit programs on personalized responsive web platforms, data collection and analysis solutions to improve customer knowledge and targeting, consulting and support services. | $3 | +6% | $17M | $38M | ||||
| SG Company is an Italian communication group headquartered in Milan, listed on Euronext Growth Milan under the ticker SGC since July 2018. It operates through majority-owned agencies in events and live communication, shopper and brand activation, prize promotions, integrated and digital communication, media planning and geomarketing, and web3 software. Its subsidiaries include Sinergie, Louder, FMA, Concreta Promotion, Winning, Klein Russo, Mission to Heart, Geotag, Waymedia and Knobs, and it holds minority stakes in Kampaay, Pinguando, Urania and Core. The group is led by chief executive and chairman Davide Verdesca and has grown mainly by acquiring majority stakes in agencies whose founders stay in management, paying on a multiple of normalised EBITDA with earn-out clauses. Its 2026 to 2030 industrial plan targets revenue of 150 million euros, half from organic growth and half from acquisitions, and EBITDA of 12.75 million euros. SG Advisory supplies administrative and corporate services to the group companies and K2 Capital provides financial advisory services. | Events+1 | $0 | +59% | $17M | $21M | |||
| Fill Up Media SA is a major French player in external communication in gas stations. The company exploits screens on gas pumps to stream advertising and information content. Fill Up Media has a network of nearly 4,400 screens in more than 630 gas stations implanted in France. | $5 | -29% | $16M | $29M | ||||
| ISPD Network operates in the online marketing industry. The company specializes in performance and brand marketing. It has two business activities: The online Advertising is managed within the group, covering the advertising activities provided to the company's customers; and Technology services, this activity relates to the servicing of email and SMS platforms, media, consumer intelligence, and e-commerce consultancy platforms. The company offers advertising, content marketing, and cross-channel technology solutions. It generates a majority of its revenue from the Online Advertising Segment. | $1 | -39% | $15M | $29M | ||||
| Websolute is an Italian digital agency and technology group headquartered in Pesaro, founded in 2001 and listed on Euronext Growth Milan. It builds websites, e-commerce platforms, mobile apps and custom software, and sells branding, performance marketing, content production and AI consulting to corporate clients. The group describes itself as an AI-first digital agency with eight specialised agencies and more than 210 professionals, led by chairman and chief executive Lamberto Mattioli. It grew from a web agency into a digital company through a 2016-2018 programme of acquisitions that included Moca Interactive and Xplace, and in 2024 it bought a 70 percent stake in Lunghezza D'Onda, owner of the Showefy 3D configurator. For 2025 it reported revenues of EUR 21.31 million and adjusted EBITDA of EUR 2.48 million, against EUR 22.68 million and EUR 4.04 million in 2024. Innovative RFK, an investment company, took a 20 percent stake in 2018, and the shares were admitted to the then AIM Italia market in 2019. | $2 | +9% | $15M | $22M | ||||
| Syzygy AG is a Germany-based company. It is a provider of creative, technological, and media services for digital marketing. It acts as a management holding company that provides its subsidiaries with central services relating to design, planning, technology development, accounting, information technology infrastructure, and finance. The company receives maximum revenue from the product areas of online marketing design and technical realization. Geographically, Germany accounts for the majority of the revenue of the firm. | $1 | -41% | $15M | $26M | ||||
| Median | $4 | -4% | $143M | $163M | 1.0x | 6.5x |
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