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Public Comps and Valuation Multiples
for Music

Benchmark revenue and EBITDA valuation multiples for public comps like Universal Music, Spotify, Live Nation, Warner Music Group and Tencent Music Enter Gr.

Music

See analyst estimates and all valuation multiples for Music
Company EV EV/LTM Revenue EV/LTM EBITDA
$131B 6.8x 55.6x
$53.8B 3.8x 17.1x
$37.4B 1.5x 15.7x
$31.5B 7.1x 20.7x
$31.4B 7.1x 20.6x
$21.3B 3.3x 14.9x
$7.6B 4.2x 31.9x
$5.1B 4.6x 22.2x
$1.6B 2.0x 11.1x
$1.5B 2.9x 12.5x
$1.0B 2.6x 17.0x
$957M 7.2x 28.1x
$871M 5.3x 12.8x
$710M 18.1x 27.3x
$170M n/a n/a
$151M 0.2x n/a
$134M n/a n/a
$130M n/a n/a
$122M 0.2x -46.5x
$121M n/a n/a
$103M n/a n/a
$78.5M n/a n/a
$72.9M n/a n/a
$70.4M 0.7x 26.5x
$64.0M n/a n/a
$32.2M n/a n/a
$23.6M n/a n/a
$21.1M n/a n/a
$12.4M 1.9x 4.5x
$5.6M n/a n/a

Valuation multiples as of last 12 months (LTM). Financial data powered by Morningstar, Inc.

See analyst estimates and M&A multiples for Music

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