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Believe SA specializes in the sale and promotion of audio and video content from artists and independent labels. The company has identified two operating segments which is Premium Solutions & Automated Solutions and Central Platform. Premium solutions this consists mainly of the sale, promotion and delivery of digital content provided by artists and labels for which the Group is responsible for developing their catalog on digital platforms and social media, as appropriate, using a split revenue model. Automated Solutions whereby the Group enables artists, via its TuneCore digital platform, to distribute their audio content in an automated manner to streaming and social media platforms in return for a subscription fee or margin. It generates majority of its revenue from Premium Solutions.
2005
1.9K+
LTM Revenue $1.1B
LTM EBITDA $75.4M
$1.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Believe has a last 12-month revenue of $1.1B and a last 12-month EBITDA of $75.4M.
In the most recent fiscal year, Believe achieved revenue of $1.1B and an EBITDA of $62.0M.
Believe expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Believe valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $946M | $1.1B | XXX | XXX | XXX |
| Gross Profit | $210M | $245M | XXX | XXX | XXX |
| Gross Margin | 22% | 23% | XXX | XXX | XXX |
| EBITDA | $59.6M | $62.0M | XXX | XXX | XXX |
| EBITDA Margin | 6% | 6% | XXX | XXX | XXX |
| Net Profit | -$32.0M | -$5.9M | XXX | XXX | XXX |
| Net Margin | -3% | -1% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Believe's stock price is EUR 15 (or $16).
Believe has current market cap of EUR 1.5B (or $1.6B), and EV of EUR 1.4B (or $1.5B).
See Believe trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.5B | $1.6B | XXX | XXX | XXX | XXX | $0.07 |
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Sign UpAs of April 15, 2025, Believe has market cap of $1.6B and EV of $1.5B.
Believe's trades at 1.4x LTM EV/Revenue multiple, and 20.1x LTM EBITDA.
Analysts estimate Believe's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Believe and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.5B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 24.4x | XXX | XXX | XXX |
| P/E | -495.5x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -66.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpBelieve's NTM/LTM revenue growth is 14%
Believe's revenue per employee for the last fiscal year averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Believe's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Believe's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Believe and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 21% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 27% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Banijay Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Universal Music | XXX | XXX | XXX | XXX | XXX | XXX |
| Kartoon Studios | XXX | XXX | XXX | XXX | XXX | XXX |
| AI-Media | XXX | XXX | XXX | XXX | XXX | XXX |
| Sports Entertainment Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Believe acquired XXX companies to date.
Last acquisition by Believe was XXXXXXXX, XXXXX XXXXX XXXXXX . Believe acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Believe founded? | Believe was founded in 2005. |
| Where is Believe headquartered? | Believe is headquartered in France. |
| How many employees does Believe have? | As of today, Believe has 1.9K+ employees. |
| Who is the CEO of Believe? | Believe's CEO is Mr. Denis Ladegaillerie. |
| Is Believe publicy listed? | Yes, Believe is a public company listed on PAR. |
| What is the stock symbol of Believe? | Believe trades under BLV ticker. |
| When did Believe go public? | Believe went public in 2021. |
| Who are competitors of Believe? | Similar companies to Believe include e.g. Banijay Group, Universal Music, Kartoon Studios, AI-Media. |
| What is the current market cap of Believe? | Believe's current market cap is $1.6B |
| What is the current revenue of Believe? | Believe's last 12-month revenue is $1.1B. |
| What is the current EBITDA of Believe? | Believe's last 12-month EBITDA is $75.4M. |
| What is the current EV/Revenue multiple of Believe? | Current revenue multiple of Believe is 1.4x. |
| What is the current EV/EBITDA multiple of Believe? | Current EBITDA multiple of Believe is 20.1x. |
| What is the current revenue growth of Believe? | Believe revenue growth between 2023 and 2024 was 12%. |
| Is Believe profitable? | Yes, Believe is EBITDA-positive (as of the last 12 months). |
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