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Games Operators Valuation Multiples
Discover revenue and EBITDA valuation multiples for Games Operators and similar public comparables like Ultimate Games, Starbreeze, EMB Mission Bound, Playwith Korea and more.
Games Operators Overview
About Games Operators
Games Operators SA is a publishing company that produces, distributes and sells pay-to-play games in United States, EU (especially England, France, Germany) and China markets. The company sells its games through online sales platforms such as Steam, Google Play, App Store, Nintendo eShop.
Founded
2015
HQ

Employees
590
Website
Financials (FY)
EV
$17M
Games Operators Financials
Games Operators reported last fiscal year revenue of $4M and EBITDA of $1M.
In the same fiscal year, Games Operators generated $3M in gross profit, $1M in EBITDA, and $965K in net income.
Games Operators P&L
In the most recent fiscal year, Games Operators reported revenue of $4M and EBITDA of $1M.
Games Operators expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $4M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $3M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 71% | XXX | XXX | XXX |
| EBITDA | — | XXX | $1M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 29% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 37% | XXX | XXX | XXX |
| Net Profit | — | XXX | $965K | XXX | XXX | XXX |
| Net Margin | — | XXX | 23% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Games Operators Stock Performance
Games Operators has current market cap of $20M, and enterprise value of $17M.
Market Cap Evolution
Games Operators' stock price is $3.62.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17M | $20M | 0.1% | XXX | XXX | XXX | $0.18 |
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Start Free TrialGames Operators Valuation Multiples
Games Operators trades at 4.1x EV/Revenue multiple, and 14.0x EV/EBITDA.
Games Operators Financial Valuation Multiples
As of April 19, 2026, Games Operators has market cap of $20M and EV of $17M.
Equity research analysts estimate Games Operators' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Games Operators has a P/E ratio of 20.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $20M | XXX | $20M | XXX | XXX | XXX |
| EV (current) | $17M | XXX | $17M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 14.0x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 11.0x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.7x | XXX | XXX | XXX |
| P/E | — | XXX | 20.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 26.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Games Operators 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.


Games Operators Margins & Growth Rates
Games Operators' revenue in the last fiscal year declined by (49%).
Games Operators' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Games Operators Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (49%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 29% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (71%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 34% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Games Operators Public Comps
See public comps and valuation multiples for other Gaming - Console & PC and Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Games Operators | XXX | XXX | XXX | XXX | XXX | XXX |
| Ultimate Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Starbreeze | XXX | XXX | XXX | XXX | XXX | XXX |
| EMB Mission Bound | XXX | XXX | XXX | XXX | XXX | XXX |
| Playwith Korea | XXX | XXX | XXX | XXX | XXX | XXX |
| Forever Entertainment | 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.
Games Operators M&A Activity
Games Operators acquired XXX companies to date.
Last acquisition by Games Operators was on XXXXXXXX, XXXXX. Games Operators acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Games Operators
| 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 TrialGames Operators Investment Activity
Games Operators invested in XXX companies to date.
Games Operators made its latest investment on XXXXXXXX, XXXXX. Games Operators invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Games Operators
| 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 Games Operators
| When was Games Operators founded? | Games Operators was founded in 2015. |
| Where is Games Operators headquartered? | Games Operators is headquartered in Poland. |
| How many employees does Games Operators have? | As of today, Games Operators has over 590 employees. |
| Is Games Operators publicly listed? | Yes, Games Operators is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of Games Operators? | Games Operators trades under GOP ticker. |
| When did Games Operators go public? | Games Operators went public in 2020. |
| Who are competitors of Games Operators? | Games Operators main competitors are Ultimate Games, Starbreeze, EMB Mission Bound, Playwith Korea. |
| What is the current market cap of Games Operators? | Games Operators' current market cap is $20M. |
| What is the current revenue of Games Operators? | Games Operators' last fiscal year revenue is $4M. |
| What is the current EV/Revenue multiple of Games Operators? | Current revenue multiple of Games Operators is 4.1x. |
| Is Games Operators profitable? | No, Games Operators is not profitable. |
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