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Public Comps and Valuation Multiples for Music
Benchmark revenue and EBITDA valuation multiples for public comps like
Spotify, Universal Music, Live Nation, Warner Music Group and Tencent Music Entertainment.
| Company | Market Cap | Enterprise Value | LTM Revenue | EV/LTM Revenue | EV/LTM EBITDA |
|---|---|---|---|---|---|
| $91B | $81B | $21B | 3.8x | 26.4x | |
| $38B | $42B | $15B | 2.8x | 13.2x | |
| $37B | $41B | $26B | 1.6x | 16.5x | |
| $15B | $18B | $7B | 2.7x | 11.7x | |
| $14B | $11B | $5B | 2.2x | 6.4x | |
| $8B | $7B | $2B | 3.3x | 36.5x | |
| $3B | $1B | $1B | 1.1x | 4.9x | |
| $2B | $1B | $827M | 1.4x | 6.8x | |
| $1B | $1B | $559M | 2.1x | 9.8x | |
| $875M | $850M | $41M | 20.9x | 28.5x | |
| $696M | $623M | $111M | 5.6x | 19.7x | |
| $681M | $495M | $372M | 1.3x | 7.6x | |
| $660M | $1B | $173M | 6.3x | 15.1x | |
| $319M | $107M | $867M | 0.1x | — | |
| $163M | $124M | $621M | 0.2x | 8.7x | |
| $142M | $99M | — | — | — | |
| $119M | $198M | $319M | 0.6x | 4.8x | |
| $111M | $84M | — | — | — | |
| $89M | $65M | — | — | — | |
| $88M | $106M | — | — | — | |
| $80M | $79M | — | — | — | |
| $72M | $87M | $80M | 1.1x | 7785.5x | |
| $71M | $17M | — | — | — | |
| $38M | $19M | — | — | — | |
| $12M | $12M | $5M | 2.3x | 4.4x | |
| $12M | $124M | — | — | — | |
| $5M | $5M | — | — | — | |
| $2M | $1M | — | — | — |
Financial data powered by FactSet and Morningstar. Valuation multiples as of last 12 months. For more data, start your free trial here.
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