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FriendTimes Valuation Multiples

Discover revenue and EBITDA valuation multiples for FriendTimes and similar public comparables like Trophy Games, Nazara Technologies, and OnMobile.

FriendTimes Overview

About FriendTimes

FriendTimes Inc mobile game developer, publisher, and operator. It conducts online games business through Operating Entities. The group has successfully launched Legend of Empress, Fate: Royal Revenge, Royal Chaos, Rise of Queendom, and other flagship products. It generates revenue through China.


Founded

2018

HQ

Hong Kong
Employees

1.1K+

Website

friendtimes.net

Sectors

Gaming - Mobile

Financials

LTM Revenue $179M

LTM EBITDA $7.1M

EV

$58.8M

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FriendTimes Financials

FriendTimes has a last 12-month revenue of $179M and a last 12-month EBITDA of $7.1M.

In the most recent fiscal year, FriendTimes achieved revenue of $136M and an EBITDA of -$5.6M.

FriendTimes expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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FriendTimes P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $196M $136M XXX XXX XXX
Gross Profit $140M $134M XXX XXX XXX
Gross Margin 71% 99% XXX XXX XXX
EBITDA $6.9M -$5.6M XXX XXX XXX
EBITDA Margin 4% -4% XXX XXX XXX
Net Profit $35.4M $3.2M XXX XXX XXX
Net Margin 18% 2% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

FriendTimes Stock Performance

As of April 15, 2025, FriendTimes's stock price is HKD 1 (or $0).

FriendTimes has current market cap of HKD 1.1B (or $146M), and EV of HKD 457M (or $58.8M).

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FriendTimes Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$58.8M $146M XXX XXX XXX XXX $0.00

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FriendTimes Valuation Multiples

As of April 15, 2025, FriendTimes has market cap of $146M and EV of $58.8M.

FriendTimes's trades at 0.4x LTM EV/Revenue multiple, and 8.9x LTM EBITDA.

Analysts estimate FriendTimes's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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FriendTimes Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $58.8M XXX XXX XXX
EV/Revenue 0.4x XXX XXX XXX
EV/EBITDA -10.6x XXX XXX XXX
P/E -8.2x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -9.2x XXX XXX XXX

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FriendTimes Valuation Multiples

FriendTimes's NTM/LTM revenue growth is 13%

FriendTimes's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, FriendTimes'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 FriendTimes's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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FriendTimes Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -31% XXX XXX XXX XXX
EBITDA Margin -4% XXX XXX XXX XXX
EBITDA Growth -181% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 9% XXX XXX XXX XXX
Revenue per Employee $0.1M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue 41% XXX XXX XXX XXX
G&A Expenses to Revenue 5% XXX XXX XXX XXX
R&D Expenses to Revenue 33% XXX XXX XXX XXX
Opex to Revenue 76% XXX XXX XXX XXX

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FriendTimes Public Comps

See public comps and valuation multiples for Gaming - Mobile comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Azerion Group XXX XXX XXX XXX XXX XXX
PlaySide Studios XXX XXX XXX XXX XXX XXX
OnMobile XXX XXX XXX XXX XXX XXX
Nazara Technologies XXX XXX XXX XXX XXX XXX
Trophy Games 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.

FriendTimes M&A and Investment Activity

FriendTimes acquired  XXX companies to date.

Last acquisition by FriendTimes was  XXXXXXXX, XXXXX XXXXX XXXXXX . FriendTimes acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by FriendTimes

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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About FriendTimes

When was FriendTimes founded? FriendTimes was founded in 2018.
Where is FriendTimes headquartered? FriendTimes is headquartered in Hong Kong.
How many employees does FriendTimes have? As of today, FriendTimes has 1.1K+ employees.
Is FriendTimes publicy listed? Yes, FriendTimes is a public company listed on HKG.
What is the stock symbol of FriendTimes? FriendTimes trades under 06820 ticker.
When did FriendTimes go public? FriendTimes went public in 2019.
Who are competitors of FriendTimes? Similar companies to FriendTimes include e.g. Azerion Group, PlaySide Studios, OnMobile, Nazara Technologies.
What is the current market cap of FriendTimes? FriendTimes's current market cap is $146M
What is the current revenue of FriendTimes? FriendTimes's last 12-month revenue is $179M.
What is the current EBITDA of FriendTimes? FriendTimes's last 12-month EBITDA is $7.1M.
What is the current EV/Revenue multiple of FriendTimes? Current revenue multiple of FriendTimes is 0.4x.
What is the current EV/EBITDA multiple of FriendTimes? Current EBITDA multiple of FriendTimes is 8.9x.
What is the current revenue growth of FriendTimes? FriendTimes revenue growth between 2023 and 2024 was -31%.
Is FriendTimes profitable? Yes, FriendTimes is EBITDA-positive (as of the last 12 months).

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