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FriendTimes Valuation Multiples
Discover revenue and EBITDA valuation multiples for FriendTimes and similar public comparables like iDreamSky Tech Holdings, JoyCity, UserJoy, Bank of Innovation and more.
FriendTimes Overview
About FriendTimes
FriendTimes Inc is an online game manufacturer and operator in China. Its game portfolio includes Fate of the Empress, Legend of Empress, Promise of Lingyun, A Story of Lala’s: Rising Star, Twist of the Fate, Ink Sword: Jianghu. It derives revenue from provision of mobile game development and publishing services. Geographically the company operates in Mainland of the PRC and Overeas.
Founded
2018
HQ

Employees
887
Website
Sectors
Financials (FY)
EV
$17M
FriendTimes Financials
FriendTimes reported last fiscal year revenue of $170M and negative EBITDA of ($979K).
In the same fiscal year, FriendTimes generated $119M in gross profit, ($979K) in EBITDA losses, and had net loss of ($7M).
FriendTimes P&L
In the most recent fiscal year, FriendTimes reported revenue of $170M and EBITDA of ($979K).
FriendTimes expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $170M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $119M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 70% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($979K) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (1%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (6%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($7M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (4%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
FriendTimes Stock Performance
FriendTimes has current market cap of $130M, and enterprise value of $17M.
Market Cap Evolution
FriendTimes' stock price is $0.06.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17M | $130M | 0.0% | XXX | XXX | XXX | $-0.00 |
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Start Free TrialFriendTimes Valuation Multiples
FriendTimes trades at 0.1x EV/Revenue multiple, and (17.0x) EV/EBITDA.
FriendTimes Financial Valuation Multiples
As of April 20, 2026, FriendTimes has market cap of $130M and EV of $17M.
Equity research analysts estimate FriendTimes' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
FriendTimes has a P/E ratio of (18.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $130M | XXX | $130M | XXX | XXX | XXX |
| EV (current) | $17M | XXX | $17M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 0.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (17.0x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (1.7x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 0.1x | XXX | XXX | XXX |
| P/E | — | XXX | (18.1x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (2.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified FriendTimes Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


FriendTimes Margins & Growth Rates
FriendTimes' revenue in the last fiscal year grew by 10%.
FriendTimes' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
FriendTimes Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (85%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 48% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 25% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 76% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
FriendTimes Public Comps
See public comps and valuation multiples for other Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| FriendTimes | XXX | XXX | XXX | XXX | XXX | XXX |
| iDreamSky Tech Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| JoyCity | XXX | XXX | XXX | XXX | XXX | XXX |
| UserJoy | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank of Innovation | XXX | XXX | XXX | XXX | XXX | XXX |
| Neptune | 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 Activity
FriendTimes acquired XXX companies to date.
Last acquisition by FriendTimes was on XXXXXXXX, XXXXX. FriendTimes acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by FriendTimes
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFriendTimes Investment Activity
FriendTimes invested in XXX companies to date.
FriendTimes made its latest investment on XXXXXXXX, XXXXX. FriendTimes invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by FriendTimes
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout FriendTimes
| When was FriendTimes founded? | FriendTimes was founded in 2018. |
| Where is FriendTimes headquartered? | FriendTimes is headquartered in China. |
| How many employees does FriendTimes have? | As of today, FriendTimes has over 887 employees. |
| Is FriendTimes publicly listed? | Yes, FriendTimes is a public company listed on HKEX. |
| 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? | FriendTimes main competitors are iDreamSky Tech Holdings, JoyCity, UserJoy, Bank of Innovation. |
| What is the current market cap of FriendTimes? | FriendTimes' current market cap is $130M. |
| What is the current revenue of FriendTimes? | FriendTimes' last fiscal year revenue is $170M. |
| What is the current EV/Revenue multiple of FriendTimes? | Current revenue multiple of FriendTimes is 0.1x. |
| Is FriendTimes profitable? | No, FriendTimes is not profitable. |
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