Public Comps and Valuation Multiples for MarTech

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Alphabet	$4.4T	$4.3T	$441B	9.8x	21.5x
Meta	$1.4T	$1.4T	$223B	6.5x	11.1x
AppLovin	$161B	$162B	$7B	24.1x	28.8x
Salesforce	$136B	$166B	$43B	3.9x	9.4x
Adobe	$88B	$90B	$25B	3.6x	7.5x
Baidu	$39B	$36B	$19B	1.9x	10.2x
HubSpot	$10B	$8B	$3B	2.4x	10.5x
theTradeDesk	$9B	$8B	$3B	2.6x	6.4x
Snap	$9B	$10B	$6B	1.6x	10.8x
Amdocs	$6B	$7B	$5B	1.5x	5.8x
Pegasystems	$5B	$5B	$2B	2.7x	9.4x
Open Text	$5B	$10B	$5B	2.0x	5.8x
Zeta Global	$5B	$5B	$2B	3.2x	14.8x
WillScot	$5B	$9B	$2B	3.9x	9.2x
Klaviyo	$4B	$3B	$1B	2.5x	15.8x
Easy Click Worldwide	$3B	$3B	$648M	4.5x	96.7x
SoundHound	$3B	$3B	$197M	14.3x	(46.5x)
Mobvista	$3B	$2B	$2B	1.0x	15.1x
Freshworks	$3B	$2B	$894M	2.0x	8.4x
Braze	$2B	$2B	$796M	2.7x	35.9x
Magnite	$2B	$3B	$704M	3.6x	10.4x
LiveRamp	$2B	$2B	$828M	2.3x	9.8x
Affle 3i	$2B	$2B	$295M	6.5x	28.9x
Wix.com	$2B	$1B	$2B	0.7x	4.0x
SEMrush	$2B	$2B	$444M	3.5x	-
Soho House	$2B		-
Five9	$2B		$1B
DoubleVerify	$2B		$780M
Justsystems	$2B		$325M
Taboola	$1B		$2B
Yelp	$1B		$1B
Sprinklr	$1B		$861M
Digital Turbine	$1B		$581M
GigaCloud Technology	$1B		$1B
Sansan	$1B		$338M
Marketingforce Management	$1B		$491M
Deluxe	$1B		$2B
Rezolve AI	$1B		$183M
Amagi Media Labs	$964M		$164M
Criteo	$878M		$1B
Vobile	$824M		$401M
Ibotta	$735M		$344M
Riskified	$710M		$361M
Weimob	$701M		$247M
Auction Technology Group	$690M		$231M
MNTN	$631M		$318M
Septeni Holdings	$629M		$201M
Vtex	$614M		$253M
Infomart	$588M		$127M
PubMatic	$523M		$288M
MediaAlpha	$505M		$1B
Nexxen	$478M		$370M
Sprout Social	$428M		$474M
Yext	$379M		$449M
Verve Group	$359M		$713M
Echo Marketing	$325M		-
Perion Network	$316M		$450M
Shoper	$310M		$62M
Cafe24	$307M		$218M
Sidetrade	$276M		$76M
Lime Technologies	$270M		$84M
A2Z Cust2Mate	$265M		$16M
TechTarget	$265M		$492M
Squirrel Media	$249M		$329M
Viant	$224M		$230M
Brightcom Group	$216M		-
Awfis Space Solutions	$216M		$164M
eGain	$206M		$91M
dotDigital Group	$191M		$122M
BASE	$188M		$135M
TON Strategy	$178M		$13M
i-mobile Co.	$172M		$146M
Fan Communications	$169M		$46M
Thryv	$168M		$714M
Fabasoft	$162M		$106M
AnyMind Group	$162M		$431M
cBrain	$160M		$42M
Brave Bison Group	$135M		$55M
Plaid	$131M		$116M
NeoJapan	$131M		$52M
Azerion Group	$130M		-
Teads Holding	$126M		$1B
Dekuple	$125M		$286M
Team Internet	$120M		$295M
comScore	$117M		$343M
UNITED	$115M		$56M
Cheetah Mobile	$115M		$167M
TTEC	$112M		$2B
eBASE	$107M		$33M
Easou	$106M		-
Eva Live	$102M		-
Cloud Technologies S.A.	$97M		-
MicroAd	$89M		$101M
AudioEye	$85M		$42M
Coheris	$80M		-
Bilendi	$79M		$108M
KT Nasmedia	$75M		$81M
ad pepper media	$75M		$77M
Making Science	$73M		-
Adtraction Group	$69M		$133M
Geniee	$69M		$84M
Marchex	$68M		$45M
Fluent	$67M		$209M
IZEA Worldwide	$64M		$31M
Investor.bg	$64M		-
Adways	$63M		$79M
ValueCommerce	$63M		$155M
Netbay	$56M		$22M
Doxee	$54M		$38M
Adveritas	$49M		$8M
ViewBix	$49M		-
EQ Inc.	$48M		-
Unerry	$47M		$31M
Revu Corporation	$45M		-
Upsales	$43M		$17M
Vertoz	$41M		-
TradeDoubler	$41M		$247M
Black Pearl Group	$36M		-
Growens	$34M		$90M
ISPD Network	$32M		$172M
Artist Co	$31M		-
Zoomd	$30M		$48M
All About	$30M		$98M
Cardlytics	$30M		$197M
Mobiquity Technologies	$29M		-
Yoc	$27M		$45M
Id-entity	$26M		-
Intershop Communications	$25M		$38M
Litium	$25M		$10M
System1	$25M		$266M
LeadDesk	$23M		$46M
Glad Cube	$22M		$11M
NextPlat	$18M		-
TextMagic	$17M		-
Infracommerce	$15M		-
Bridgeline Digital	$13M		$15M
Agillic	$12M		-
AdUX	$11M		$28M
Triboo	$11M		$63M
Mobio Technologies	$10M		-
Nuvini	$10M		-
Digitree Group	$9M		-
Baseig	$9M		-
Raketech Group Holding	$8M		$30M
visumo	$8M		$6M
Wishpond	$7M		$11M
Tourn International	$7M		-
BrightBid Group	$6M		-
Yoshi Innovation	$6M		-
Sabio Holdings	$5M		-
Adverty	$5M		-
Solution Dynamics	$5M		-
Thinc Collective	$4M		-
Woodpecker.co	$4M		-
Sirius Media	$3M		-
Deltagen	$3M		-
Performance One	$3M		$12M
Silver Bullet Data	$2M		-
Direct Digital Holdings	$2M		$35M
Foothills	$2M		-
ImagineAR	$1M		-
Sociallite US	$719K		-
IZON Network	$370K		-
Urbanimmersive	$217K		-
Vado Corp.	$201K		-
Rainmaker Systems	$42K		-
Quorum Info Tech	-		-
Zeals Co	-		-
PressLogic	-		-

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