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	$160B	3.1x	18.3x
Booking Holdings	$145B	5.4x	14.7x
Prosus	$113B	13.7x	139.7x
DoorDash	$77.7B	5.6x	28.0x
Airbnb	$64.7B	5.3x	15.1x
Recruit Holdings	$61.1B	2.6x	13.5x
Carvana	$60.1B	3.0x	26.7x
Meituan	$58.6B	1.1x	-31.6x
Naspers	$40.8B	4.2x	49.6x
Copart	$33.9B	7.3x	17.4x
Trip.com Group	$30.4B	3.5x	12.0x
Expedia Group	$28.6B	2.0x	8.4x
Eternal	$27.6B	5.7x	242.6x
Ritchie Bros.	$25.8B	5.6x	18.6x
CoStar Group	$20.6B	6.3x	48.9x
DiDi	$17.6B	0.5x	15.2x
KE Holdings	$16.7B	1.2x	22.0x
KE Holdings (Beike)	$16.6B	1.2x	21.3x
REA Group	$15.1B	12.5x	21.5x
News Corp	$13.9B	1.6x	9.4x
Zillow	$12.3B	4.8x	19.6x
Grab	$12.2B	3.6x	24.3x
Delivery Hero	$10.3B	0.6x	9.5x
Travel+Leisure	$10.1B	2.5x	10.3x
Swiggy	$8.6B	3.8x	-28.3x
Info Edge	$7.5B	23.2x	58.8x
Instacart	$7.4B	2.0x	6.9x
PB Fintech	$7.4B	10.8x	149.1x
Etsy	$7.3B	2.5x	10.0x
AUTO1 Group	$7.2B	0.8x	32.5x
CAR Group	$7.2B	8.5x	15.3x
CTS Eventim	$6.4B	1.8x	9.4x
Scout24	$6.4B	8.3x	13.6x
MakeMyTrip	$6.0B	5.4x	31.3x
Lyft	$5.9B	0.9x	11.3x
Auto Trader	$5.6B	6.6x	9.8x
Tongcheng Travel	$5.5B	2.0x	8.1x
Talabat	$5.4B	1.4x	8.6x
BOSS Zhipin	$5.4B	4.6x	10.0x
Seek	$5.3B	6.7x	15.4x
Inchcape	$5.0B	0.4x	5.4x
Rightmove	$4.6B	7.9x	11.1x
Stubhub	$4.4B	2.5x	19.3x
IAC	$3.2B	1.3x	12.0x
GoTo	$2.9B	2.7x	25.4x
Rasan	$2.6B	15.1x	38.8x
Upwork	$2.1B	2.6x	9.2x
TX Group	$2.0B	1.7x	7.4x
Moltiply Group	$1.9B	2.5x	9.5x
The RealReal	$1.9B	2.7x	48.4x
Getty Images	$1.8B	1.9x	6.1x
Visional	$1.8B	3.1x	11.0x
eFinance	$1.6B	11.1x	23.3x
TBO.com	$1.6B	5.9x	37.9x
Tripadvisor	$1.5B	0.8x	4.7x
Alma Media	$1.4B	3.7x	12.3x
Hemnet	$1.4B	8.0x	15.6x
ACV Auctions	$1.2B	1.6x	21.7x
Mony Group	$1.2B	2.0x	6.3x
Baltic Classifieds Group	$1.2B	11.6x	15.1x
LegalZoom	$1.2B	1.6x	7.1x
Trainline	$1.2B	1.9x	5.0x
WeBuyCars	$1.2B	0.7x	12.1x
IndiaMART InterMESH	$1.2B	7.0x	19.9x
CarTrade	$1.1B	13.2x	43.8x
Cars.com	$1.1B	1.5x	5.0x
ATRenew	$1.0B	0.3x	15.9x
Ixigo	$979M	7.5x	80.0x
Uxin	$950M	1.2x	n/a
SelectQuote	$870M	0.5x	5.3x
Grupa Pracuj	$851M	3.7x	8.3x
Timee	$839M	3.7x	17.6x
Wheels Up	$831M	n/a	n/a
eDreams ODIGEO	$814M	1.0x	4.5x
Hypoport	$811M	1.2x	10.6x
Shutterstock	$793M	0.8x	2.7x
Maoyan Entertainment	$781M	1.1x	8.0x
Nerdwallet	$707M	0.9x	4.7x
GoHealth	$672M	1.5x	-9.2x
Angi	$668M	0.6x	4.8x
UT Group	$650M	0.6x	9.2x
ThredUp	$620M	2.0x	48.1x
DIP	$589M	1.6x	6.1x
Web Travel Group	$552M	2.1x	5.6x
Aramis Group	$509M	0.2x	6.8x
EverQuote	$508M	0.8x	5.5x
BinBin	$474M	n/a	n/a
Socar	$467M	1.4x	5.4x
eHealth	$456M	0.8x	6.1x
Stitch Fix	$417M	0.3x	9.9x
GA technologies	$381M	0.2x	4.4x
Rent the Runway	$380M	1.2x	8.1x
Bengo4.com	$341M	3.4x	18.1x
Vivid Seats	$335M	0.6x	7.5x
Jiayin Group	$325M	n/a	n/a
On The Beach Group	$288M	1.7x	5.0x
Everyday Network Co.	$270M	n/a	n/a
HomeToGo	$255M	0.8x	96.6x
EaseMyTrip	$249M	n/a	n/a
ZIGExN	$246M	1.4x	5.1x
One Career	$242M	4.9x	n/a
Marti Technologies	$240M	7.0x	-14.0x
Yatra India Ltd.	$234M	2.1x	25.2x
SunCar Technology	$234M	0.5x	16.4x
Inspirato	$220M	0.9x	73.5x
Eventbrite	$215M	0.7x	8.5x
Port Inc.	$213M	1.3x	7.6x
Quick Co.	$211M	1.0x	n/a
So-Young	$209M	1.0x	-8.6x
Bytetravel	$189M	n/a	n/a
Syuppin	$182M	0.5x	n/a
Hostelworld Group	$182M	1.6x	7.7x
Freelance.com	$178M	0.1x	5.2x
En	$168M	0.4x	3.5x
Kamux	$160M	0.2x	5.8x
Autostreets Development	$152M	n/a	n/a
YES24	$147M	n/a	n/a
Vocento	$147M	0.4x	7.4x
AIX Inc.	$141M	n/a	n/a
SharingTechnology	$139M	2.4x	n/a
Freetrailer Group	$125M	n/a	n/a
Rakumachi	$121M	6.0x	n/a
1stdibs.com	$120M	1.3x	-40.0x
Gakujo	$119M	1.6x	n/a
Lifull	$119M	0.7x	n/a
OpenWork	$118M	n/a	n/a
BuildDirect	$107M	n/a	n/a
lastminute.com	$98.1M	0.2x	1.6x
MarkLines	$94.6M	2.6x	n/a
Getaround	$90.8M	n/a	n/a
Ten Lifestyle Group	$87.2M	0.9x	4.3x
trivago	$84.2M	0.1x	5.3x
Saramin	$82.0M	n/a	n/a
Dida	$81.6M	n/a	n/a
hipages Group	$81.4M	1.4x	6.0x
Airtasker	$80.4M	2.0x	-8.0x
Temairazu	$77.8M	5.3x	n/a
Nerdy	$76.2M	0.4x	-3.7x
Frontier Digital Ventures	$72.7M	1.6x	15.7x
Yatra India Inc.	$71.4M	0.6x	10.8x
Livero	$64.0M	2.2x	11.1x
Articore Group	$59.3M	0.2x	6.5x
Enechange	$57.7M	1.7x	n/a
Méliuz	$55.9M	0.7x	4.1x
Cheche Group	$55.0M	n/a	n/a
Gurunavi	$53.8M	0.6x	n/a
Freelancer	$52.5M	1.4x	8.9x
CrowdWorks	$51.7M	0.4x	4.6x
OpenDoor Inc.	$50.4M	3.3x	n/a
Autoserver	$49.4M	n/a	n/a
My Food Bag	$43.7M	0.4x	4.6x
WM Tech	$42.0M	0.2x	1.1x
RIDE ON EXPRESS Holdings	$41.5M	0.3x	n/a
ReAlpha Tech	$38.3M	7.4x	-3.5x
Rent.com.au	$38.3M	17.0x	n/a
Autopedia Sukses Lestari	$35.3M	n/a	n/a
Giftify	$33.1M	0.4x	-24.8x
Coconala	$32.7M	0.5x	n/a
Token Cat	$30.5M	n/a	n/a
Ohmyhome	$28.0M	2.6x	-12.3x
Wantedly	$27.9M	0.9x	n/a
Felix.net	$27.4M	3.7x	-10.9x
Meatbox Global	$25.9M	n/a	n/a
naoo	$25.8M	2.2x	-7.2x
MoneyHero	$25.6M	0.3x	-4.7x
Adventure Inc.	$23.9M	0.1x	n/a
Artmarket.com	$23.2M	n/a	n/a
AirTrip	$21.4M	0.1x	n/a
RMA Global	$20.0M	1.4x	-20.8x
Rebase	$18.5M	1.4x	n/a
AirCloset	$16.1M	0.5x	n/a
Camplify	$15.9M	0.5x	-5.9x
Quhuo	$14.2M	n/a	n/a
Swvl	$10.2M	n/a	n/a
ASMALLWORLD	$10.2M	0.4x	8.0x
SosTravel.com	$8.7M	0.4x	735.1x
VELTRA	$8.4M	n/a	n/a
Enjoei	$4.1M	n/a	n/a
MyHotelMatch	$3.7M	n/a	n/a
Ethero	$2.0M	n/a	n/a
Oriental Culture Holding	-$18.6M	n/a	n/a
North Media	-$45.5M	n/a	n/a
Tuniu	-$64.6M	n/a	n/a
Demae-Can	-$74.6M	-0.3x	n/a
Multitude	-$132M	-0.5x	-1.2x