![HPN Holdings logo](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>)
October 2026
Largest Lifestyle & Recreation Public Companies in the US
Benchmark revenue and EBITDA valuation multiples for public comps like
Disney, Live Nation, Life Time Group Holdings, MSG Sports and Light & Wonder.
 | Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm’s ownership of iconic franchises and characters. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney’s own streaming platform and television networks. The sports segment houses the ESPN family of TV networks and streaming services. Experiences contains Disney’s theme parks, cruises, and vacation destinations and also engages in merchandise licensing. | $113 | +0% | $195B | $243B | 2.6x | 13.0x | ||
| Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 51 countries, Live Nation promotes concerts globally and it owned, operated, or had exclusive booking rights to more than 400 venues worldwide at the end of 2025, which the firm says makes it the second-largest operator of music venues globally. In 2025, Live Nation promoted nearly 55,000 events, drawing roughly 160 million fans. Ticketmaster is a dominant global ticketing service, selling nearly 650 million tickets in 2025. | Events+2 | $175 | +17% | $41B | $45B | 1.8x | 24.3x | |
| Life Time Group Holdings is an American operator of premium athletic country clubs headquartered in Chanhassen, Minnesota, listed on the New York Stock Exchange as LTH. Bahram Akradi founded the business as FCA Ltd in 1990, registered it as Life Time Fitness in 1992, and remains chairman and chief executive. Its clubs are large multi-use centres combining fitness floors, studios, pools, tennis and pickleball courts, spas, cafés and childcare; it operated 189 centres in the US and Canada at the end of 2025 after opening ten that year. Revenue comes mainly from monthly membership dues, averaging $223 in late 2025, plus in-centre services such as personal training, spa and café sales; it had about 822,000 centre memberships. It also runs a free Life Time app, coworking and residential offerings, and athletic events such as the Leadville Race Series, Unbound Gravel and the Miami Marathon. In 2025 it reported revenue of $2.995 billion and net income of $373.7 million, with more than 44,000 employees. TPG and Leonard Green & Partners took the company private in March 2015 in a deal worth over $4 billion, and it returned to the NYSE in 2021. | $42 | +70% | $9.4B | $13B | 4.5x | 15.4x | ||
| Madison Square Garden Sports Corp. (MSG Sports) is an American professional sports holding company based in New York City that owns the NBA's New York Knicks and the NHL's New York Rangers, together with their development affiliates, the Westchester Knicks of the NBA G League and the Hartford Wolf Pack of the AHL. The business traces back to the Madison Square Garden Corporation, which created the Rangers in 1926 and was a charter member of the NBA with the Knicks in 1946. Cablevision spun off the Knicks, Rangers, Madison Square Garden and MSG Network as an independent public company in 2010; in 2015 its sports and entertainment assets were separated into a new Madison Square Garden Company, which in 2020 was renamed Madison Square Garden Sports Corp. and spun off its entertainment arm as Madison Square Garden Entertainment. MSG Sports earns revenue from ticket sales, local and national media rights, sponsorship, suites and merchandise, and reported revenue of $1.6 billion in 2018 as the predecessor Madison Square Garden Company. James L. Dolan is executive chairman and controls the voting stock. | Sports+1 | $389 | +82% | $9.4B | $10B | 9.0x | 263.9x | |
| Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers. | $89 | +18% | $6.6B | $12B | 3.5x | 10.7x | ||
| Cinemark Holdings Inc is a geographically diverse operator in the motion picture exhibition industry in the United States. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rentals, and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals, and electronic video games located in some of the theatres. Cinemark manages its business under two reportable segments: U.S. markets and international markets. The majority of its revenue is generated from the U.S. markets segment. | $40 | +50% | $4.6B | $7.1B | 2.3x | 14.7x | ||
| Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Corporate-owned stores segment. | $53 | -42% | $4B | $6.6B | 5.0x | 11.9x | ||
| Atlanta Braves Holdings Inc is a holding company. It operates through its wholly-owned subsidiary, which is the owner and operator of the Atlanta Braves Major League Baseball Club and the mixed-use real estate development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club’s stadium, Truist Park. The company predominantly derives revenue related to the Braves baseball franchise and Truist Park from ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing revenue, shared MLB revenue streams, including national broadcasting rights and licensing, and other sources. The company's reportable segments include: Baseball which generates key revenue, and Mixed-Use Development. | $55 | +35% | $3.3B | $4B | 5.5x | 41.3x | ||
| Imax Corp is a technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property, and specialized equipment, IMAX offers end-to-end solution to create superior, immersive content experiences for which the IMAX brand is globally renowned. The Company has two reportable segments being Content Solutions and Technology Products and Services. The Company leverages its proprietary technology and engineering in all aspects of its business, which principally consists of the IMAX film remastering and the sale or lease of premium IMAX theater systems. | $52 | +61% | $2.9B | $3.1B | 7.5x | 23.7x | ||
| AMC Entertainment is the world's largest movie theatre operator, headquartered in Leawood, Kansas, and trading as AMC Theatres. It runs about 860 theatres with roughly 9,600 screens, including 593 theatres in the United States and 353 in Europe, where it owns the Odeon and UCI chains. It earns revenue from ticket admissions and food and beverage sales at its cinemas. The company was founded in Kansas City, Missouri, on December 20, 1920 by the Dubinsky brothers, whose chain became Durwood Theatres and later American Multi-Cinema. China's Wanda Group owned a majority stake from 2012 to 2018; AMC acquired Odeon Cinemas, UCI Cinemas and Carmike Cinemas in 2016 to become the largest chain in the world, and Silver Lake invested $600 million in September 2018. During the COVID-19 closures AMC raised new financing, short squeezes in early 2021 led Silver Lake to convert its debt to equity, and Wanda's stake had been diluted to 0.002% by May 2021. The shares are listed on the New York Stock Exchange under the ticker AMC. | $3 | +13% | $2.6B | $9.6B | 2.0x | 44.3x | ||
| OneSpaWorld Holdings Ltd is an operator of health and wellness centers onboard cruise ships and an operator of health and wellness centers at destination resorts all over the world. It offers a suite of premium health, fitness, beauty, and wellness services and products. The services provided by the company include body, salon, and skin care services and products, fitness classes and personal fitness training and pain management, detoxifying programs, and comprehensive body composition analyses among others. The company has only one single segment of Maritime and Destination Resorts. | $24 | +4% | $2.5B | $2.5B | 2.6x | 23.6x | ||
| United Parks & Resorts Inc is an American theme park and entertainment company. Its core business is the operation of theme parks and entertainment facilities involving sea animals across the country under prominent brands such as SeaWorld, Busch Gardens, Aquatica, Discovery Cove, and Sesame Place. The company generates the majority of its revenue from selling admission tickets for its theme parks. | $31 | -36% | $1.4B | $3.8B | 2.3x | 7.1x | ||
| Marcus Corp is engaged in two business segments, which are movie theatres and Hotels and Resorts. The movie theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, Ohio and others, a family entertainment center in Wisconsin and a retail center in Missouri; Hotels and Resorts segment owns and operates full-service hotels and resorts in Wisconsin, Illinois, and Nebraska and manages full-service hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, California, and North Carolina. It generates maximum revenue from the Theatres segment. | $28 | +97% | $873M | $1.2B | 1.5x | 12.9x | ||
| Six Flags Entertainment Corp is North America’s regional amusement resort operator with approximately 27 amusement parks, around 15 separately gated water parks, and nine resort properties across the U.S., Canada, and Mexico. It provides coasters, themed rides, thrilling water parks, resorts, and a portfolio of beloved intellectual properties such as Looney Tunes, DC Comics, and PEANUTS. | $7 | -68% | $741M | $6B | 1.9x | (6.9x) | ||
| Lucky Strike Entertainment Corp is an operator of location-based entertainment. Across several locations in North America, the company provides experiential offerings in bowling, amusements, water parks, and family entertainment centers (FECs). It operates traditional bowling locations and more upscale entertainment concepts with lounge seating, arcades, enhanced food and beverage offerings, and more robust customer service for individuals and group events, as well as hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. | $4 | -47% | $612M | $3.5B | 2.8x | 11.9x | ||
| Falcons Beyond Global Inc. is a Company that provides a full range of theme park design, master planning, and experiential technologies for customers in the entertainment and attraction industry through its Falcon’s Creative Group reportable segment and develops and co-owns resort and theme park attractions through its Destinations Operations. The Company has four operating segments, Falcon’s Creative Group, PDP, Falcon’s Beyond Brands, and Destinations Operations, all of which are reportable segments. It earns the majority of the revenue from Falcon’s Creative Group segment. | $8 | -24% | $401M | $432M | ||||
| Dave & Buster's Entertainment Inc owns and operates nearly a hundred entertainment and dining establishments in the United States where customers can eat, drink, play games, and watch televised sports. Each store offers a full menu of entries and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. It derives maximum revenue from Entertainment. | $7 | -49% | $260M | $3.4B | ||||
| Xponential Fitness Inc is a curator of boutique fitness brands. Its diversified portfolio of brands includes Club Pilates, a Pilates brand in the United States; CycleBar, an indoor cycling brand in the United States; StretchLab, a concept offering one-on-one and group stretching services; Row House, a high-energy, low-impact indoor rowing workout; AKT, a dance-based cardio workout combining toning, interval and circuit training; YogaSix a franchised yoga brand; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements; Stride, a treadmill-based cardio and strength training concept; Rumble, a boxing-inspired full-body workout; and BFT, a functional training and strength-based program. Its key revenue source is franchise income. | $4 | -37% | $177M | $634M | ||||
| Aureus Greenway Holdings Inc own and operate two public golf country clubs in Florida. The golf country clubs include two golf-courses with over 13,000 yards of combined fairways, clubhouses boasting food and beverage options, aquatic golf ranges, and pro shops to assist any level of golfer and also host local golf leagues, golf-tournaments, and private events. Its golf country clubs is organized into four principal business segments: (i) golf recreation, retail golf products, and equipment and facilities rental, (ii) membership dues, (iii) food and beverage services. and (iv) ancillary services and amenities. All assets of the Company are located in Florida and all revenue is generated from Florida. | $4 | -32% | $107M | $65M | ||||
| Regis Corporation owns, franchises, and operates beauty salons in North America and the U.K., serving mainly price-conscious customers. Its salons, located mostly in strip malls, shopping centers, and Walmart stores, offer services like haircutting, styling, shampooing, conditioning, and hair coloring, along with hair care and beauty products. The company’s primary brands include Supercuts, SmartStyle, and Cost Cutters. Regis generates the majority of its revenue from these mass-market locations and reports operations in two segments: franchise and company-owned, with services making up about 94% of company-owned salon sales. | $30 | 0% | $74M | $349M | ||||
| Venu Holding Corp is an entertainment and hospitality holding company based in Colorado Springs, Colorado. It designs, develops, owns, and operates up-scale music venues, outdoor amphitheaters, and full-service restaurants and bars where music, dining, and luxury experiences converge. | $1 | -- | $73M | $354M | ||||
| HPN Holdings Inc offers consulting services for companies to assist in formulating and planning a capital structure that works for them, to assist companies with respect to preparing for corporate governance, such as manuals, charters, committees, to assist in identifying a successful management structure, to assist in identifying and making recommendations as to the manner and methodology of going public, including discussions and recommendations on financing structures, such as crowdfunding’s, regulation A’s, registration statements, and private placements. | $0 | -93% | $18M | $2M | ||||
| Chilco River Holdings Inc is shell company. | $0 | +11% | $5M | $5M | ||||
| Interactive Strength Inc provides an integrated home fitness platform that allows its customers to participate in interactive wellness and strength-based training sessions. Its health coaching services encompass guidance and coaching on nutrition, recovery, sleep, and other health and lifestyle categories. The company generates revenue from sales of its connected fitness products, membership revenue and personal training revenue. | $2 | -99% | $3M | $26M | ||||
| Median | $26 | +0% | $1.1B | $3.4B | 2.6x | 12.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.