November 2026
Largest Horizontal Marketplaces Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Amazon, Pinduoduo, Prosus, MercadoLibre and eBay.
 | Amazon is an American technology and retail company headquartered in Seattle, Washington, with a second headquarters in Arlington County, Virginia. It runs the amazon.com online store and marketplace for third-party sellers, the Amazon Prime subscription programme, which had 200 million subscribers worldwide in 2021, and Amazon Web Services, the cloud computing unit launched in 2002 that rents data storage and computing power to companies. It also sells Echo, Kindle and Fire devices, distributes video, music and audiobooks through Prime Video, MGM+, Amazon Music, Twitch and Audible, and owns the Whole Foods Market grocery chain, Ring, IMDb and the self-driving car developer Zoox. Amazon earns revenue from product sales, seller commissions and fulfilment fees, subscriptions, cloud services and advertising. It reported revenue of US$716.9 billion and net income of US$77.7 billion in 2025 with about 1,576,000 employees, making it the world's largest company by revenue as of 2026 and the second-largest private employer in the United States. Jeff Bezos founded the company as Cadabra on July 5, 1994, in Bellevue, Washington, as an online bookstore and renamed it Amazon that November. Bezos, who owns about 8.8% of the shares, became executive chairman in July 2021, when former AWS chief Andy Jassy became chief executive. | $259 | +11% | $2.8T | $3.0T | 4.1x | 18.4x | ||
 | PDD Holdings operates commerce businesses globally. Its main operations are Pinduoduo, a social commerce platform in China, and Temu, a global e-commerce marketplace. PDD also has a community group purchase business in China. PDD has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses. PDD has also started its first-party brand business for global markets. | $83 | -28% | $118B | $52B | 0.8x | 3.6x | ||
 | Prosus is a consumer internet group with listed and unlisted platforms across 100 countries. Around 80% of Prosus’ net asset value is derived from its Tencent holdings, the world’s largest game publisher and operator of WeChat, China’s super app with 1.3 billion users. Prosus has approximately a 23% stake in Tencent. The rest of the group’s businesses and investments are organized into classifieds, food delivery, payments and fintech, and edtech. This includes ownership of iFood, Brazil’s largest food delivery app, and a 25% stake in Swiggy, the second-largest delivery platform in India.In 2019, Prosus was spun out of South Africa-based parent company Naspers Ltd and listed on the Euronext exchange. Naspers holds approximately 75% of Prosus’ shares. | $42 | -33% | $88B | $90B | 9.3x | 85.4x | ||
 | MercadoLibre is a publicly listed e-commerce and financial technology company founded in Buenos Aires in 1999 by Marcos Galperin. It operates an online marketplace, the Mercado Pago payments and credit business, the Mercado Envios logistics network and an advertising unit across eighteen Latin American countries. The company is incorporated in Delaware, trades on the Nasdaq under the symbol MELI and has its headquarters in Montevideo, Uruguay. It reported revenues of 28.9 billion dollars for 2025 and operating income of 3.2 billion dollars, with about 123,670 employees. Its commerce and fintech services reached 131 million unique buyers over the twelve months to the second quarter of 2026. The company has grown through acquisitions of classifieds portals, logistics and payments businesses and through minority investments made partly through its corporate venture fund. | $1,510 | -27% | $77B | $86B | 3.0x | 23.2x | ||
| eBay is an American e-commerce company based in San Jose, California, that runs online marketplaces where individuals and businesses buy and sell goods through auctions and fixed-price "Buy It Now" listings in 190 markets. It was founded by Pierre Omidyar as AuctionWeb on September 3, 1995, and is listed on Nasdaq and included in the S&P 500. eBay earns most of its revenue from commissions charged to sellers when items sell. In 2023 it reported 132 million annual active buyers and $73 billion of transaction volume, 48% of it in the United States, at a take rate of 13.81%. In 2025 the company generated revenue of $11.1 billion, operating income of $2.28 billion and net income of $2.03 billion, and employed about 12,300 people. Its subsidiaries include the fashion resale app Depop, the Asian marketplace Qoo10 and TCGplayer, a trading-card marketplace agreed in 2022 for up to $295 million. eBay spun off PayPal in 2015, sold StubHub to Viagogo for $4.05 billion in 2020 and sold its classifieds business the same year. Jamie Iannone has been chief executive since April 2020, with Paul Pressler as chairman. | $122 | +47% | $54B | $59B | 5.3x | 21.8x | ||
 | Sea started as a gaming business, Garena, but in 2015 expanded into e-commerce. Sea operates Southeast Asia's largest e-commerce company, Shopee, in terms of gross merchandise value. Shopee is a hybrid consumer-to-consumer and business-to-consumer marketplace platform operating in Indonesia, Taiwan, Vietnam, Thailand, Malaysia, the Philippines, and Brazil. For Garena, Free Fire is the key revenue-generating game. Sea’s third business, Monee, provides lending, payment, digital banking, and insurance services. As of March 2025, Forrest Li, the founder, chair, and CEO, owned 59.1% of the voting power. Tencent owned 18.5% of issued shares with no voting power. | $76 | -46% | $46B | $42B | 1.8x | 17.6x | ||
 | Naspers Ltd is an Internet and entertainment group and technology investor in the world. Operating in more than 120 countries and markets with long-term growth potential, Naspers builds companies that empower people and enrich communities. It runs some of the platforms in the internet, video entertainment, and media. Naspers operates in various sectors including online classifieds, food delivery, payments, travel, education, health, and social and internet platforms. People use products and services of companies that Naspers has invested in, acquired, or built, including Azos, PharmEasy, ElasticRun, Alwans, and Vegrow among others. Geographically, the company derives maximum revenue from Europe and the rest from Asia, Africa, Latin America, North America, and other regions. | $46 | -26% | $34B | $70B | 6.5x | 64.2x | ||
| RB Global has evolved into a leading global marketplace that connects buyers and sellers of commercial assets and vehicles. It is the result of the 2023 combination of Ritchie Bros. and IAA. Ritchie Bros.' roots were as an auctioneer facilitating transactions of commercial, construction, and transportation equipment (excavators, bulldozers, forklifts, and commercial trucks and trailers). However, it has evolved into an omnichannel marketplace. IAA has similar roots, though primarily focused on the salvage auction segment for consumer automobiles. The group provides ancillary services including title processing, transportation/towing, financing, data and appraisal, and so on. Its activities are international, though skewing approximately two-thirds to North America. | $94 | -4% | $17B | $22B | 4.8x | 16.2x | ||
| Kuaishou Technology is a social media platform where users create, watch, and share short-form videos. Approximately half of the company’s revenue comes from advertising. Additionally, Kuaishou generates revenue through livestreaming, where fans purchase virtual gifts to tip hosts. The platform also features livestreaming e-commerce, enabling users to buy products showcased in videos, with Kuaishou earning a commission on each transaction. Kuaishou’s primary competitors are ByteDance’s Douyin and Tencent’s Video Accounts. Notably, Tencent owns a 16% stake in Kuaishou. | $4 | -58% | $16B | $13B | 0.6x | 3.3x | ||
 | Allegro is a large Polish holding company with a suite of complementary online retail properties including Ceneo (price comparisons), EBilet (live events tickets), We|Do (courier services), and the Mall Group (online and offline retail in adjacent Central European markets). The firm is best known for its eponymous e-commerce marketplace, which generates predominantly third-party product sales across the home and garden, electronics, health and beauty, automotive, and supermarket categories. The operator boasts 45% to 50% share of the Polish e-commerce market by GMV, per our calculations and PWC data, and has built out a suite of ecosystem functionality that includes financial, logistics, and advertising services. | $15 | +74% | $15B | $16B | 5.5x | 19.9x | ||
 | Meesho Ltd is a technology platform that integrates commerce, logistics, and content creation to support e-commerce activities under the Meesho brand. The Company also provides digital financial services by facilitating financing arrangements between non-banking financial companies and sellers to support access to credit, and it operates a supply-chain service for the delivery of groceries and other products. The Company operates through the Marketplace segment, which is a technology platform connecting consumers, sellers, logistics partners, and content creators, and the New Initiatives segment, which includes a low-cost local logistics network for daily essentials and a digital financial services platform. The majority of the Company's revenue is generated from the Marketplace segment. | $2 | -- | $11B | $11B | 8.1x | (74.8x) | ||
| Pinterest is a social media platform with a focus on product and idea discovery. Pinterest users, or pinners, can leverage the platform as they go about gathering ideas on topics such as home improvement, fashion, cooking, and travel. The company has more than 500 million monthly active users, two thirds of whom are female. Pinterest generates revenue by selling digital ads on its platform. While the platform’s user base spans the globe, the vast majority of its revenue stems from ads shown to North American users. | $19 | -27% | $11B | $11B | 2.5x | 29.4x | ||
 | Vend Marketplaces ASA is a family of digital consumer brands with growing positions within online marketplaces in the Nordics. The companies operating segments includes Mobility, Real Estate, Jobs and Recommerce. It derives maximum revenue from Mobility Segment. Geographically, it operates in Norway, Sweden, Denmark, Finland and Others. Its brands include Blocket, Finn, Tori, DBA, and others. | $25 | -11% | $4.8B | $4.8B | 7.1x | 243.5x | ||
 | Kakaku.com Inc. is a Japan-based internet company operating various web services. The company operates through four segments. The Incubation Business includes real estate and housing site Smity, travel review site Fort Travel, movie information site Movie.com, automotive site web CG, dynamic package systems, and the bus comparison site Bus Comparison Navi. The Job Box Business operates the job search site Job Box and job information site Jobcube. The Kakaku.com Business operates the purchasing support site Kakaku.com and engages in insurance services through Kakaku.com Insurance Co., Ltd. The Tabelog Business operates the restaurant search and reservation site Tabelog. It generates the majority of its revenue from the Tabelog business segment. | $24 | +60% | $4.7B | $4.4B | 7.3x | 25.3x | ||
| Mercari operates the largest consumer-to-consumer secondhand goods trading platform in Japan in Mercari, with over 23 million monthly active users and over JPY 1.1 trillion in gross merchandise value in fiscal 2022. We estimate that it currently has over 40% market share in the online C2C market, making it the top platform in Japan. It operates a domestic fintech business and a C2C marketplace app business in the US as well. Domestic business roughly accounts for over 95% of its total GMV. | $23 | +33% | $3.7B | $3.5B | 2.4x | 11.8x | ||
 | SMG Swiss Marketplace Group Holding AG is an online marketplace under three primary business segments: real estate, automotive, and general marketplaces, complemented by additional price comparison offerings in finance and insurance. Its tools include: ImmoScout24, Homegate, Flatfox, alle-immobilien.ch, Immostreet.ch, home.ch, Publimmo, Acheter-Louer.ch, CASASOFT, IAZI, AutoScout24, MotoScout24, anibis.ch, tutti.ch, Ricardo, FinanceScout24, and moneyland.ch. | $38 | -10% | $3.7B | $3.6B | ||||
| People Inc is a media and publishing business that operates a portfolio of brands, including PEOPLE, Food & Wine, Travel + Leisure, InStyle, Better Homes & Gardens, and Southern Living. The company also holds a minority equity stake in MGM Resorts International. | $42 | +20% | $3.2B | $3.3B | ||||
| Ziff Davis Inc is a digital media and internet company operating a portfolio of brands across technology, shopping, gaming and entertainment, health and wellness, connectivity, and cybersecurity. The company has five reportable segments. The Technology & Shopping segment generates revenue from advertising and commerce content. The Gaming & Entertainment segment provides content, subscriptions, and digital storefront services. The Health & Wellness segment offers digital tools and content for health management. The Connectivity segment provides data and analytics solutions for network performance. The Cybersecurity & Martech segment delivers cloud-based software for security and marketing. It generates the majority of its revenue from the Health & Wellness segment. | $50 | +51% | $1.7B | $1.2B | ||||
| Ibotta Inc is a performance marketing platform. It allows CPG brands to deliver digital promotions to consumers through a single, convenient network called the Ibotta Performance Network (IPN). | $58 | +144% | $1.4B | $1.2B | ||||
| Liquidity Services Inc is an online auction marketplace. It manages and sells inventory and equipment for business and government clients by operating a network of e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering across different product categories. The company has four reportable segments: GovDeals, Retail Supply Chain Group (RSCG), and Machinio & Software Solutions. It generates majority of its revenue from Retail Supply Chain Group (RSCG) segment which consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. Geographically, a substantial portion the company's revenue is generated from its business in United States. | $44 | +45% | $1.4B | $1.1B | ||||
| QuinStreet Inc focuses on marketplaces and technologies for the financial services and home services industries. It delivers measurable and cost-effective marketing results to its clients, in the form of qualified inquiries such as clicks, leads, calls, applications, or customers. It generates revenue by delivering measurable online marketing results to the clients. Its products and services are Customer Acquisition, QuinStreet Rating Platform (QRP), and CloudControlMedia. Geographically, it operates in United States and Internationally, of which maximum revenue is derived from United States. | $21 | +48% | $1.2B | $1.1B | ||||
 | Baltic Classifieds Group PLC is an online classifieds group in the Baltics which owns and operates various vertical and generalist online classifieds portals in Estonia, Latvia, and Lithuania. Its online classifieds portfolio comprises vertical online classifieds portals, including vertical portals for automotive, real estate, and jobs and services, and a few generalist portals, offering a wide line of products. The main focus of the Group is operating online classifieds platforms for automotive, real estate, jobs and services, and general merchandise in the Baltics. lt generates revenue from fees for service packages based on the number of job ad postings; fees for short-term services including job ad promotion, job ads, and access to the resume database. | $3 | -11% | $1.1B | $1.2B | ||||
| Yelp Inc operates in the online content market based in the United States. It provides a web-based platform and mobile application to bridge the gap between businesses and consumers. The platform assists consumers through product reviews, tips, photos and videos thereby enabling them in making better buying decisions and posting their feedbacks. Its products and services includes Advertising Products and Business Page Products. In addition, it also lets the buyers directly transact with businesses directly through its platform. Yelp generates revenue mainly from the sale of advertising on its website and mobile app to businesses. The company generates majority of the revenue from United States. | $19 | -33% | $1.1B | $1B | ||||
| Beijing Zhidemai Technology Co Ltd is a shopping portal that integrates shopping guide, media, tools and community attributes. It introduces high-quality and consumer-oriented content to users with high-quality, good-quality products and services, providing users with high efficiency, precision and neutrality. | $5 | -25% | $963M | $891M | ||||
| BuySell Technologies Co Ltd is engaged in providing internet-based reuse business. It offers purchase services from all over Japan to various sales services such as EC and special events. The company's products are kimono, stamps, coins, precious metals, jewelry, branded goods, watches, antiques, fur, liquor, among others. | $15 | +13% | $938M | $920M | ||||
| AUCNET Inc is a Japanese based auction services provider. It provides new information distribution services using media, including LaserDisc, satellite communications, and the internet. It operates in the used cars auction business, motorcycle business, the flower business, the digital products business, the brand items business, and the medical equipment business. | $9 | +33% | $778M | $597M | ||||
| Groupon Inc is a globalised, scaled two-sided marketplace that connects consumers to merchants. Its categories include Local: local inventory includes things to do, beauty and wellness, food and drink, home and automotive services, online services, as well as other types of experiences and services. Goods: Includes merchandise across multiple product lines, such as electronics, sporting goods, jewelry, toys, household items and apparel, and Travel: Features travel experiences at both discounted and market rates, including hotels, airfare, and package deals covering both domestic and international travel. The company operates in two segments, North America and International, with the majority of revenue from the Local category from the North America Segment. | $15 | -8% | $630M | $716M | ||||
 | Adventure is an Italian digital company based in Turin that operates the ameconviene.it comparison portal for gas and electricity, telephony, insurance and finance products. It also runs contact center and web sales services for businesses, with a team of about 300 operators across the country, plus CRM and online marketing solutions. Silvana Cozza is chief executive and owner. The company was founded in 2017 and its shares trade on Euronext Growth Milan under the ticker ADV. It entered credit intermediation in 2025 by acquiring Primo Network and added the utilities comparison business Easy Contact in a deal agreed in December 2025. Customers are households choosing tariffs and companies buying outsourced sales and customer acquisition services. | $6 | -71% | $368M | $379M | ||||
 | Addcn Technology Co Ltd is engaged in online trade platform operations and services. The company operates www.8591.com.tw, a game item trading platform; www.591.com.tw, a housing leasing network; www.8891.com.tw, a used car trading network, and an HR channel for small and middle enterprises platform, a part-time job APP platform, an outsourcing platform, platform for interior design, and an online virtual treasure trading platform Geographically, it derives a majority of its revenue from Taiwan. | $4 | -31% | $229M | $188M | ||||
| ZKH Group Ltd engages in providing MRO procurement service platform in China. It provides one-stop MRO procurement and management services for its customers, and offers digital and fulfillment solutions for participants along the industry value chain. It offers a broad range of MRO product offerings covering all MRO product lines on its platform, including spare parts, chemicals, manufacturing parts, general consumables, and office supplies. All of the Group’s revenues are derived from the PRC. | $1 | -60% | $207M | $25M | ||||
 | Frontier Digital Ventures Ltd owner and operator of online classifieds marketplaces (Operating Companies) in fast-growing emerging regions. Currently, FDV operates across three regional businesses 360 LATAM, MENA Marketplaces Group, and FDV Asia. FDV works alongside local management teams across property, automotive, and general classifieds, providing strategic oversight and operational guidance. Its segments are Autodeal, Avito, CarsDB, Encuentra24, Fincaraiz, Hoppler, iMyanmarhouse, Infocasas, LankaPropertyWeb, Meqasa, Moteur, Propert03-31-2025 ypro, Tayara, Yapo, LATAM corporate cost, and Corporate. | $0 | -20% | $86M | $73M | ||||
 | Prisjakt AB (publ) operates comparison-shopping services focused on e-commerce markets in the Nordic region. Its platform enables consumers to compare products, prices, retailers, delivery options, and historical price trends, while directing prospective buyers to merchants' e-commerce websites. The company generates revenue through click-out fees paid by merchants for traffic directed from its platform to their online stores. Its revenue streams also include banner advertising on the website and in the app. | $3 | -- | $64M | $84M | ||||
| Cdon AB is a Nordic region-based marketplace. Customers can choose to shop and compare prices on millions of products. Over 1,500 retailers offer their range on CDON's marketplace to increase their sales. This gives CDON various products, movies, music, computers, games, office supplies, books, toys, consumer electronics, household appliances, sports, outdoor, beauty care, fashion, shoes, computers, and computer products. Its geographical revenue comes from the majority of Sweden. | $5 | -27% | $59M | $45M | ||||
| Klevo Rewards Ltd, formelry My Rewards International Ltd engages in providing membership services and loyalty programs for corporate and retail clients. It derives revenue from Item sales, Membership fees, and Management fees. | $0 | -- | $50M | $47M | ||||
| Lancers Inc is a freelance jobs information company based in Tokyo. The company has partnered with SAP Japan to offer a platform for freelancers to take advantage of companies that provide SAP-based working opportunities. | $2 | -7% | $27M | $19M | ||||
| Gumtree Australia Markets Ltd is a group of businesses operating in the digital marketplace sector. The Group operates across two key business segments: Classifieds and Capital Markets. | $0 | -26% | $20M | $42M | ||||
| Aucfan Co Ltd provides media management services. The Company is the auction shopping search site. It allows users to compare, search, and analyze auction, and shopping product and price information. | $2 | -13% | $20M | - | ||||
| 3R Games SpolkaAkcyjna formerly HubStyle SA is an e-commerce development company. The company creates web-based tools for Internet users and entrepreneurs as well as develops and operates its own sites. It also operates a price comparison website. | $0 | -18% | $14M | $14M | ||||
| Comperia pl SA is engaged in operating a website that offers the comparison of financial products offered to consumers. The financial products include mortgages, cash, car loans, credit cards, personal accounts and savings, term deposits, and structured products. | $3 | +40% | $10M | $9M | ||||
| PSQ Holdings Inc operates the website and mobile application named as PublicSq. It is an app and website that connects freedom-loving Americans to high-quality businesses that share values, both online and in local communities. It has three reportable segments comprised of Marketplace; which includes a marketplace platform to access consumers that are drawn to patriotic values and the revenue is generated in the form of advertising and eCommerce transactions, and Brands segment in which through its wholly-owned brand, the company generates revenue from online sales of diapers and wipes and third financial technology which assists consumers, lenders, and retailers in offering point-of-sale financing products. | $2 | -90% | $9M | $40M | ||||
| Dynamic Aerospace Systems Corp is a pioneering American-made aerospace company focused on cutting-edge technology, autonomous systems, and next-generation aerospace solutions. It aims to redefine the future of aerospace and aviation technologies. The group develops autonomous VTOL and UAV (drone) systems that enhance mission-critical logistics, delivery, sensing, and situational awareness for government and commercial customers across the U.S., Gulf States, and NATO regions. Its solutions include: US1-MKII, G1-MKIII, and Mitigator-MKII. The group provides solutions to Government & Defense and Commercial Delivery & Logistics. | $0 | -67% | $6M | $7M | ||||
| Median | $15 | -12% | $1.2B | $1.2B | 2.5x | 15.4x |
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