Vertical Marketplaces Valuation Multiples and Public Comps

Vertical Marketplaces

See analyst estimates and all valuation multiples for Vertical Marketplaces

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Uber	$180B	3.5x	20.7x
Booking Holdings	$168B	6.3x	17.1x
Prosus	$137B	16.8x	171.6x
DoorDash	$89.6B	6.5x	32.3x
Recruit Holdings	$80.2B	3.5x	17.8x
Airbnb	$71.1B	5.8x	16.6x
Carvana	$68.2B	3.4x	30.3x
Meituan	$66.1B	1.3x	-35.6x
Naspers	$49.5B	5.2x	61.4x
Expedia Group	$35.9B	2.5x	10.5x
Copart	$34.8B	7.4x	17.9x
Trip.com Group	$31.6B	3.6x	12.5x
Eternal	$29.7B	6.0x	256.4x
CoStar Group	$26.1B	8.1x	62.1x
Ritchie Bros.	$24.7B	5.4x	17.9x
DiDi	$17.7B	0.5x	15.3x
REA Group	$16.5B	14.1x	24.2x
News Corp	$16.3B	1.9x	11.0x
KE Holdings	$16.1B	1.2x	21.2x
KE Holdings (Beike)	$16.1B	1.2x	20.6x
Zillow	$15.4B	6.0x	24.6x
Grab	$13.2B	3.9x	26.3x
Delivery Hero	$10.9B	0.7x	10.2x
Travel+Leisure	$10.1B	2.5x	10.3x
Swiggy	$9.5B	4.1x	-30.8x
Info Edge	$8.9B	27.0x	68.5x
Instacart	$8.8B	2.4x	8.1x
AUTO1 Group	$8.4B	0.9x	38.4x
CAR Group	$8.4B	10.2x	18.4x
PB Fintech	$8.3B	11.9x	163.6x
Etsy	$7.8B	2.7x	10.8x
MakeMyTrip	$7.6B	6.9x	39.6x
Scout24	$7.3B	9.6x	15.7x
CTS Eventim	$7.2B	2.1x	10.7x
Lyft	$6.8B	1.1x	13.1x
Auto Trader	$6.6B	7.8x	11.7x
BOSS Zhipin	$6.4B	5.5x	11.8x
Stubhub	$6.3B	3.5x	27.2x
Seek	$6.2B	8.1x	18.7x
Tongcheng Travel	$5.5B	2.0x	8.1x
Talabat	$5.5B	1.4x	8.7x
Rightmove	$5.2B	9.1x	12.8x
Inchcape	$4.7B	0.4x	5.3x
IAC	$3.5B	1.5x	13.0x
GoTo	$3.5B	3.2x	29.7x
Rasan	$2.4B	13.6x	35.1x
Upwork	$2.4B	3.0x	10.5x
The RealReal	$2.3B	3.3x	58.0x
TX Group	$2.2B	2.0x	8.3x
Visional	$2.1B	3.7x	13.2x
Moltiply Group	$2.1B	2.7x	10.3x
Getty Images	$1.8B	1.9x	6.2x
TBO.com	$1.7B	6.3x	40.4x
Tripadvisor	$1.7B	0.9x	5.1x
Hemnet	$1.6B	9.6x	18.8x
Alma Media	$1.6B	4.2x	13.7x
ACV Auctions	$1.5B	2.0x	26.8x
LegalZoom	$1.4B	1.9x	8.3x
WeBuyCars	$1.4B	0.8x	14.5x
eFinance	$1.4B	9.4x	19.8x
CarTrade	$1.4B	15.9x	52.8x
Mony Group	$1.3B	2.2x	7.0x
Trainline	$1.3B	2.1x	5.4x
Baltic Classifieds Group	$1.3B	12.2x	15.8x
Wheels Up	$1.1B	n/a	n/a
Cars.com	$1.1B	1.5x	5.2x
IndiaMART InterMESH	$1.1B	6.6x	18.8x
Hypoport	$1.1B	1.7x	14.4x
Ixigo	$1.1B	8.2x	87.1x
ATRenew	$1.0B	0.3x	15.9x
Uxin	$1000M	1.2x	n/a
Grupa Pracuj	$994M	4.3x	9.9x
Web Travel Group	$951M	3.8x	9.8x
SelectQuote	$925M	0.6x	5.6x
Nerdwallet	$904M	1.1x	6.0x
Timee	$887M	3.9x	18.8x
eDreams ODIGEO	$858M	1.0x	4.8x
Shutterstock	$805M	0.8x	2.8x
EverQuote	$761M	1.1x	8.3x
Maoyan Entertainment	$752M	1.1x	7.7x
ThredUp	$714M	2.3x	55.3x
Angi	$703M	0.7x	5.0x
GoHealth	$679M	1.5x	-9.3x
UT Group	$657M	0.6x	9.3x
DIP	$620M	1.7x	6.4x
Aramis Group	$537M	0.2x	7.3x
Stitch Fix	$535M	0.4x	12.8x
eHealth	$506M	0.9x	6.8x
BinBin	$473M	n/a	n/a
Bengo4.com	$468M	4.6x	25.0x
Socar	$466M	1.4x	5.4x
GA technologies	$459M	0.3x	5.3x
Rent the Runway	$442M	1.4x	9.4x
Jiayin Group	$345M	n/a	n/a
Vivid Seats	$330M	0.6x	7.4x
Everyday Network Co.	$316M	n/a	n/a
On The Beach Group	$309M	1.8x	5.4x
ZIGExN	$272M	1.5x	5.7x
EaseMyTrip	$269M	n/a	n/a
Yatra India Ltd.	$262M	2.3x	27.6x
One Career	$258M	5.3x	n/a
SunCar Technology	$256M	0.5x	17.9x
Marti Technologies	$252M	7.4x	-14.7x
Quick Co.	$242M	1.1x	n/a
AIX Inc.	$241M	n/a	n/a
Autostreets Development	$227M	n/a	n/a
Port Inc.	$223M	1.4x	8.0x
Inspirato	$221M	0.9x	73.6x
Eventbrite	$211M	0.7x	8.3x
En	$193M	0.5x	4.0x
Bytetravel	$193M	n/a	n/a
Hostelworld Group	$183M	1.6x	7.9x
HomeToGo	$180M	0.6x	68.9x
Syuppin	$179M	0.5x	n/a
Freelance.com	$179M	0.1x	5.3x
So-Young	$177M	0.8x	-7.3x
Kamux	$159M	0.2x	5.8x
Vocento	$155M	0.4x	7.9x
SharingTechnology	$152M	2.7x	n/a
YES24	$146M	n/a	n/a
1stdibs.com	$141M	1.6x	-47.0x
Dida	$136M	n/a	n/a
Freetrailer Group	$133M	n/a	n/a
Lifull	$129M	0.7x	n/a
Rakumachi	$128M	6.4x	n/a
Gakujo	$120M	1.7x	n/a
BuildDirect	$115M	n/a	n/a
OpenWork	$106M	n/a	n/a
MarkLines	$101M	2.8x	n/a
TrueCar	$97.9M	0.5x	-33.7x
trivago	$97.2M	0.2x	6.1x
lastminute.com	$96.3M	0.2x	1.6x
Ten Lifestyle Group	$94.3M	1.0x	4.7x
hipages Group	$91.6M	1.6x	6.9x
Airtasker	$91.4M	2.4x	-9.3x
Getaround	$90.8M	n/a	n/a
Yatra India Inc.	$82.9M	0.8x	12.5x
Temairazu	$81.8M	5.6x	n/a
Méliuz	$78.2M	1.0x	5.9x
Nerdy	$76.2M	0.4x	-3.7x
Frontier Digital Ventures	$72.3M	1.7x	16.1x
Saramin	$71.7M	n/a	n/a
Livero	$66.9M	2.4x	11.7x
Enechange	$58.4M	1.8x	n/a
Cheche Group	$57.6M	n/a	n/a
Freelancer	$57.3M	1.6x	10.0x
Gurunavi	$55.7M	0.6x	n/a
WM Tech	$55.4M	0.3x	1.5x
CrowdWorks	$54.1M	0.4x	4.9x
OpenDoor Inc.	$52.9M	3.5x	n/a
ReAlpha Tech	$51.1M	9.9x	-4.7x
Autopedia Sukses Lestari	$48.4M	n/a	n/a
Autoserver	$45.6M	n/a	n/a
Articore Group	$43.9M	0.2x	5.0x
My Food Bag	$42.4M	0.4x	4.6x
Coconala	$40.5M	0.6x	n/a
RIDE ON EXPRESS Holdings	$40.1M	0.3x	n/a
Rent.com.au	$38.1M	17.3x	n/a
Giftify	$37.6M	0.5x	-28.1x
Ohmyhome	$33.7M	3.2x	-14.8x
Wantedly	$31.9M	1.0x	n/a
Felix.net	$30.7M	4.3x	-12.5x
MoneyHero	$27.3M	0.4x	-5.0x
Meatbox Global	$26.3M	n/a	n/a
Adventure Inc.	$25.4M	0.2x	n/a
Artmarket.com	$25.0M	n/a	n/a
AirTrip	$24.4M	0.1x	n/a
Token Cat	$23.7M	n/a	n/a
Swvl	$23.1M	n/a	n/a
naoo	$22.4M	1.9x	-6.4x
RMA Global	$22.2M	1.6x	-23.6x
Rebase	$20.1M	1.5x	n/a
AirCloset	$16.7M	0.5x	n/a
Camplify	$14.7M	0.5x	-5.6x
Quhuo	$14.3M	n/a	n/a
VELTRA	$13.3M	n/a	n/a
ASMALLWORLD	$10.1M	0.4x	8.1x
SosTravel.com	$8.1M	0.3x	690.7x
MyHotelMatch	$3.6M	n/a	n/a
Ethero	$2.9M	n/a	n/a
Enjoei	$2.1M	n/a	n/a
Oriental Culture Holding	-$20.7M	n/a	n/a
North Media	-$45.9M	n/a	n/a
Tuniu	-$58.2M	n/a	n/a
Demae-Can	-$65.4M	-0.3x	n/a
Multitude	-$142M	-0.5x	-1.3x