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
€57.2m
Enterprise valuation
€61m (Public information from Sep 2024)
Share price
$6.6 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 | €13.7m | ||
Recent News about The9
EditTech stack
Tech stackLearn more about the technologies and tools that this company uses.
