The9
The9 is an online game developer and operator in China offering games for the web, social media, TV, and mobile platforms.
Launch date
Employees
Market cap
AUD97.2m
Enterprise valuation
AUD104m (Public information from Sep 2024)
Share price
$6.75 NCTY
Shanghai China (HQ)
Financials
Estimates*
| CNY | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 78.9m | 19.2m | <1m | <1m | 136m | 119m | 179m |
| % growth | - | (76 %) | (98 %) | 83 % | 21623 % | (13 %) | 51 % |
| EBITDA | (84.7m) | (137m) | (116m) | (74.2m) | (266m) | (462m) | 30.9m |
| % EBITDA margin | (107 %) | (715 %) | (34095 %) | (11857 %) | (196 %) | (388 %) | 17 % |
| Profit | (127m) | (239m) | (178m) | 398m | (411m) | (975m) | 20.0m |
| % profit margin | (162 %) | (1245 %) | (52064 %) | 63612 % | (303 %) | (820 %) | 11 % |
| EV / revenue | 5.1x | 36.7x | 2590.4x | 318.0x | 4.2x | 1.0x | 1.5x |
| EV / EBITDA | -4.7x | -5.1x | -7.6x | -2.7x | -2.1x | -0.3x | 8.8x |
| R&D budget | 48.6m | 27.0m | 13.1m | 2.4m | 1.9m | 2.4m | 2.0m |
| R&D % of revenue | 62 % | 141 % | 3833 % | 390 % | 1 % | 2 % | 1 % |
| Date | Investors | Amount | Round |
|---|---|---|---|
$3.1m | Series A | ||
| N/A | N/A | IPO | |
* | $12.0m | Private Placement VC | |
* | N/A | $3.5m | Post IPO Equity |
| Total Funding | AUD23.3m | ||
Recent News about The9
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