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	$183B	3.5x	21.0x
Booking Holdings	$177B	6.6x	17.9x
Prosus	$134B	16.4x	168.0x
DoorDash	$98.4B	7.2x	35.5x
Recruit Holdings	$80.7B	3.5x	17.9x
Airbnb	$74.7B	6.1x	17.5x
Carvana	$66.7B	3.4x	29.6x
Meituan	$66.3B	1.3x	-35.7x
Naspers	$49.2B	5.2x	61.0x
Trip.com Group	$43.5B	5.0x	17.1x
Expedia Group	$36.7B	2.5x	10.8x
Copart	$32.6B	7.0x	16.8x
Eternal	$28.1B	5.7x	242.3x
CoStar Group	$25.2B	7.8x	59.9x
Ritchie Bros.	$23.7B	5.2x	17.3x
DiDi	$19.6B	0.6x	17.0x
News Corp	$16.2B	1.9x	10.9x
REA Group	$16.0B	13.6x	23.5x
Grab	$16.0B	4.7x	32.0x
KE Holdings (Beike)	$15.9B	1.2x	20.4x
KE Holdings	$15.9B	1.2x	21.0x
Zillow	$15.8B	6.1x	25.3x
Travel+Leisure	$10.2B	2.5x	10.4x
Delivery Hero	$10.1B	0.6x	9.4x
Swiggy	$9.6B	4.2x	-31.3x
Instacart	$9.6B	2.6x	8.9x
Info Edge	$9.1B	27.7x	70.3x
CAR Group	$8.5B	10.4x	18.6x
PB Fintech	$8.5B	12.2x	168.3x
MakeMyTrip	$8.4B	7.6x	43.7x
AUTO1 Group	$7.9B	0.8x	35.9x
Etsy	$7.6B	2.6x	10.5x
CTS Eventim	$7.4B	2.1x	11.0x
Lyft	$7.0B	1.1x	13.5x
Scout24	$7.0B	9.2x	15.1x
BOSS Zhipin	$6.6B	5.7x	12.3x
Auto Trader	$6.5B	7.8x	11.6x
Seek	$6.4B	8.3x	19.1x
Tongcheng Travel	$6.0B	2.2x	8.8x
Stubhub	$5.4B	3.0x	23.3x
Talabat	$5.3B	1.4x	8.5x
Rightmove	$5.1B	8.9x	12.6x
Inchcape	$4.6B	0.4x	5.1x
IAC	$3.4B	1.4x	12.7x
GoTo	$3.3B	3.1x	28.6x
Upwork	$2.5B	3.1x	10.9x
Rasan	$2.3B	13.0x	33.6x
The RealReal	$2.3B	3.3x	58.1x
Visional	$2.2B	3.9x	13.9x
TX Group	$2.1B	1.9x	8.1x
Moltiply Group	$1.9B	2.5x	9.7x
Getty Images	$1.8B	1.9x	6.2x
Tripadvisor	$1.8B	0.9x	5.5x
Hemnet	$1.7B	9.8x	19.2x
TBO.com	$1.7B	6.2x	39.9x
LegalZoom	$1.6B	2.1x	9.5x
Alma Media	$1.6B	4.1x	13.5x
ACV Auctions	$1.5B	2.0x	26.0x
CarTrade	$1.4B	16.1x	53.2x
eFinance	$1.4B	9.3x	19.5x
Mony Group	$1.3B	2.2x	7.0x
WeBuyCars	$1.3B	0.8x	13.8x
Trainline	$1.3B	2.1x	5.6x
Baltic Classifieds Group	$1.2B	11.9x	15.4x
Cars.com	$1.1B	1.6x	5.3x
IndiaMART InterMESH	$1.1B	6.8x	19.3x
Hypoport	$1.1B	1.7x	14.3x
Ixigo	$1.1B	7.9x	84.3x
ATRenew	$998M	0.3x	15.5x
Uxin	$988M	1.2x	n/a
Grupa Pracuj	$973M	4.2x	9.7x
Web Travel Group	$956M	3.8x	9.9x
Nerdwallet	$942M	1.1x	6.2x
eDreams ODIGEO	$892M	1.1x	5.0x
SelectQuote	$892M	0.6x	5.4x
Timee	$871M	3.8x	18.4x
Wheels Up	$815M	n/a	n/a
Shutterstock	$801M	0.8x	2.8x
EverQuote	$771M	1.1x	8.4x
Angi	$763M	0.7x	5.5x
ThredUp	$742M	2.4x	57.5x
Maoyan Entertainment	$725M	1.1x	7.4x
GoHealth	$679M	1.5x	-9.3x
DIP	$638M	1.7x	6.6x
UT Group	$603M	0.5x	8.5x
Aramis Group	$537M	0.2x	7.3x
Stitch Fix	$534M	0.4x	12.7x
eHealth	$514M	0.9x	6.9x
Socar	$461M	1.4x	5.3x
BinBin	$457M	n/a	n/a
Bengo4.com	$455M	4.5x	24.3x
GA technologies	$451M	0.3x	5.2x
Rent the Runway	$439M	1.4x	9.4x
Jiayin Group	$349M	n/a	n/a
Vivid Seats	$338M	0.6x	7.6x
On The Beach Group	$308M	1.8x	5.4x
Everyday Network Co.	$299M	n/a	n/a
EaseMyTrip	$276M	n/a	n/a
ZIGExN	$273M	1.5x	5.7x
Yatra India Ltd.	$271M	2.4x	28.6x
One Career	$259M	5.3x	n/a
SunCar Technology	$257M	0.5x	18.0x
Marti Technologies	$256M	7.5x	-15.0x
Quick Co.	$237M	1.1x	n/a
Inspirato	$220M	0.9x	73.5x
Port Inc.	$216M	1.3x	7.8x
Eventbrite	$211M	0.7x	8.3x
En	$202M	0.5x	4.2x
Hostelworld Group	$195M	1.7x	8.4x
Bytetravel	$190M	n/a	n/a
Autostreets Development	$176M	n/a	n/a
So-Young	$173M	0.8x	-7.1x
Syuppin	$172M	0.5x	n/a
Freelance.com	$169M	0.1x	5.0x
HomeToGo	$165M	0.5x	63.2x
Vocento	$156M	0.4x	7.9x
Kamux	$155M	0.2x	5.7x
SharingTechnology	$152M	2.7x	n/a
YES24	$148M	n/a	n/a
1stdibs.com	$140M	1.6x	-46.7x
Rakumachi	$128M	6.4x	n/a
Lifull	$127M	0.7x	n/a
Freetrailer Group	$125M	n/a	n/a
Gakujo	$119M	1.6x	n/a
TrueCar	$112M	0.6x	-38.6x
BuildDirect	$106M	n/a	n/a
OpenWork	$105M	n/a	n/a
trivago	$102M	0.2x	6.4x
hipages Group	$99.6M	1.8x	7.6x
MarkLines	$99.0M	2.8x	n/a
Ten Lifestyle Group	$96.9M	1.1x	4.8x
Airtasker	$94.6M	2.5x	-9.7x
Getaround	$90.8M	n/a	n/a
Yatra India Inc.	$89.5M	0.8x	13.5x
lastminute.com	$88.0M	0.2x	1.5x
Temairazu	$80.0M	5.5x	n/a
Nerdy	$78.7M	0.4x	-3.8x
Dida	$78.5M	n/a	n/a
Frontier Digital Ventures	$75.3M	1.7x	16.7x
Saramin	$72.5M	n/a	n/a
Méliuz	$69.6M	0.9x	5.2x
Livero	$64.7M	2.3x	11.3x
Freelancer	$60.3M	1.6x	10.5x
Enechange	$58.4M	1.8x	n/a
Cheche Group	$58.4M	n/a	n/a
WM Tech	$56.8M	0.3x	1.6x
Gurunavi	$55.7M	0.6x	n/a
CrowdWorks	$54.1M	0.4x	4.9x
OpenDoor Inc.	$52.1M	3.4x	n/a
Autopedia Sukses Lestari	$49.9M	n/a	n/a
ReAlpha Tech	$49.2M	9.5x	-4.5x
Autoserver	$45.3M	n/a	n/a
My Food Bag	$41.7M	0.4x	4.5x
RIDE ON EXPRESS Holdings	$40.0M	0.3x	n/a
Coconala	$38.1M	0.6x	n/a
Giftify	$37.6M	0.5x	-28.1x
Rent.com.au	$37.5M	17.0x	n/a
Articore Group	$35.6M	0.1x	4.0x
Wantedly	$32.5M	1.0x	n/a
Felix.net	$31.7M	4.4x	-12.9x
MoneyHero	$27.3M	0.4x	-5.0x
Meatbox Global	$25.9M	n/a	n/a
Artmarket.com	$25.8M	n/a	n/a
AirTrip	$25.1M	0.1x	n/a
naoo	$24.9M	2.2x	-7.1x
Adventure Inc.	$23.1M	0.1x	n/a
RMA Global	$22.2M	1.6x	-23.6x
Rebase	$21.7M	1.6x	n/a
Token Cat	$21.6M	n/a	n/a
Swvl	$17.4M	n/a	n/a
Ohmyhome	$16.7M	1.6x	-7.4x
AirCloset	$16.5M	0.5x	n/a
Quhuo	$14.4M	n/a	n/a
Camplify	$13.6M	0.5x	-5.1x
VELTRA	$9.8M	n/a	n/a
ASMALLWORLD	$9.6M	0.4x	7.6x
SosTravel.com	$8.2M	0.4x	702.4x
MyHotelMatch	$3.7M	n/a	n/a
Ethero	$2.6M	n/a	n/a
Enjoei	$1.7M	n/a	n/a
AIX Inc.	-$1.0M	n/a	n/a
Oriental Culture Holding	-$20.4M	n/a	n/a
North Media	-$45.0M	n/a	n/a
Tuniu	-$53.3M	n/a	n/a
Demae-Can	-$87.4M	-0.3x	n/a
Multitude	-$125M	-0.4x	-1.2x