October 2026
Largest Streaming Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Cover, Wowow, Mirrativ, Jig.jp and Monstarlab.
 | Cover Corp operates as a platformer for two-dimensional entertainment. It is engaged in developing multifaceted businesses to accelerate 2D entertainment such as distribution system development, VTuber office management, and content development. | $10 | -17% | $630M | $555M | 1.8x | 16.5x | ||
| Wowow Inc is a broadcasting station operator based in Japan. The company operates its business through two segments namely Broadcast segment and Telemarketing segment through which it provides services through cable TV, communication satellite broadcasting and Internet Protocol television, based on producing and procuring programs and conducting TV broadcasting at a fee charged by broadcasting satellite. It also offers free program distribution service for TV members only and provides digital marketing support on the web, e-mail, mail order, and travel, event planning, and operation. | $6 | -38% | $170M | $6M | 0.0x | 0.2x | ||
| Mirrativ Inc is engaged in the development and operation of the live streaming platform "Mirrativ" and other related businesses. It is a smartphone screen-sharing game distribution platform that allows anyone to easily stream games with just one smartphone. The company’s offerings support both game streamers and viewers through real-time communication and engagement. | $3 | -- | $57M | $38M | 0.8x | 19.2x | ||
| Jig Jp Co Ltd operates businesses related to general consumers, local governments, and business enterprises. In consumer-related businesses, the group offers a live streaming service, Fuwatch; Jig browser, a full browser app for feature phones; services related to VTubers; and Pecotter, a restaurant reservation answering service app. Its local governments and businesses' offerings include children's PCs for programming only, IchigoJam, and an open data platform for local governments. The majority of the group's revenue is generated from its consumer-related businesses. | $1 | -41% | $46M | $35M | 0.4x | 3.0x | ||
| Monstarlab is a technology-consulting company founded in 2006 and based in Japan. Monstarlab provides DX-focused consulting services and products, from strategy formulation to design, development, improvement, and operation, in 20 countries and regions and 33 cities (Japan, China, Southeast Asia, Europe, Middle East, Northand South America / expansion through M&A). Offers comprehensive support for DX issues to companiesand organizations in a wide range of industries, including business design/planning, UX/UI design, branding, system/application development, and growth hacking. The company serves business and institutional customers through products and services in the technology-consulting market. Its commercial model is built primarily on contracted services, reflecting the way customers obtain and use its offering. JIC Venture Growth Investments classifies the business in its IPO portfolio and records December 2020 for the company. The company maintains its operating website at monstar-lab.com, while JIC VGI's portfolio materials preserve the public record of the investment relationship. | $0 | -58% | $29M | $43M | 0.9x | (65.8x) | ||
| C Channel Corp is a video media provider for women that delivers high quality contents. The company delivers videos related to fashion, lifestyle, food, among others. | $0 | -3% | $5M | $8M | 0.5x | 13.7x | ||
| Median | $2 | -38% | $51M | $36M | 0.7x | 8.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.