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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 $1.2B
LTM EBITDA $83.0M
$1.6B
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 (LTM) of $1.2B and a last 12-month EBITDA of $83.0M.
In the most recent fiscal year, Believe achieved revenue of $1.1B and an EBITDA of $64.8M.
Believe expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Believe valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | XXX | $1.1B | XXX | XXX | XXX |
| Gross Profit | $1.2B | XXX | $300M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $83.0M | XXX | $64.8M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| EBIT | $15.1M | XXX | -$0.4M | XXX | XXX | XXX |
| EBIT Margin | 1% | XXX | 0% | XXX | XXX | XXX |
| Net Profit | $8.8M | XXX | -$3.4M | XXX | XXX | XXX |
| Net Margin | 1% | XXX | 0% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Believe's stock price is EUR 15 (or $17).
Believe has current market cap of EUR 1.6B (or $1.7B), and EV of EUR 1.4B (or $1.6B).
See Believe trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.6B | $1.7B | XXX | XXX | XXX | XXX | $0.10 |
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Start Free TrialAs of May 30, 2025, Believe has market cap of $1.7B and EV of $1.6B.
Believe's trades at 1.5x EV/Revenue multiple, and 25.1x EV/EBITDA.
Equity research analysts estimate Believe's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Believe has a P/E ratio of 197.4x.
See valuation multiples for Believe and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.7B | XXX | $1.7B | XXX | XXX | XXX |
| EV (current) | $1.6B | XXX | $1.6B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 19.6x | XXX | 25.1x | XXX | XXX | XXX |
| EV/EBIT | 107.6x | XXX | -4472.2x | XXX | XXX | XXX |
| EV/Gross Profit | 1.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 197.4x | XXX | -508.5x | XXX | XXX | XXX |
| EV/FCF | -103.6x | XXX | -68.6x | 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.
Start Free TrialBelieve's last 12 month revenue growth is 14%
Believe's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Believe's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Believe's rule of X is 42% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Believe and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 35% | XXX | 27% | XXX | XXX | XXX |
| Rule of 40 | 20% | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 27% | 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 |
Valuation data powered by FactSet, Inc.
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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Start Free Trial| 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 $1.7B |
| What is the current revenue of Believe? | Believe's last 12 months revenue is $1.2B. |
| What is the current revenue growth of Believe? | Believe revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Believe? | Current revenue multiple of Believe is 1.4x. |
| Is Believe profitable? | Yes, Believe is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Believe? | Believe's last 12 months EBITDA is $83.0M. |
| What is Believe's EBITDA margin? | Believe's last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of Believe? | Current EBITDA multiple of Believe is 19.6x. |
| What is the current FCF of Believe? | Believe's last 12 months FCF is -$15.7M. |
| What is Believe's FCF margin? | Believe's last 12 months FCF margin is -1%. |
| What is the current EV/FCF multiple of Believe? | Current FCF multiple of Believe is -103.6x. |
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