GCA Altium Digital, Media & Internet Monitor Q1 2020

GCA Altium is pleased to provide you with the Q1 2020 edition of our Digital, Media & Internet Monitor, which offers a quarterly update on global market data, sector valuations and M&A activity.
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The GCA Altium Digital, Media & Internet Monitor is tailored to the needs of busy executives and investors seeking a comprehensive overview of the M&A and valuation landscape, trend analyses and insights into the current transaction environment.

Key developments in Q1 were:

  • Share price performance was negative for almost all subsectors, except for Gaming (+5.9%). Travel (-49.9%), Gambling (-43.0%), Customer Acquisition (-42.7%), Other Online Marketing (-42.2%) and Diversifieds & Portals (-30.2%) experienced the most negative results. Also other subsectors posted negative results with the most negative in Classifieds (-29.3%), Content Monetization (-29.1%), Inventory-based (-26.3%) and E-commerce and Marketing Solutions (-21.4%). The negative returns were mainly driven by the global pandemic of the Coronavirus and the following lockdowns, affecting mostly most industry sectors.
  • EV/EBITDA valuations (2020) indicated negative subsector performances except for Social Netw. & Cmtys (+6.8%), while Travel (-44.5%), Other Online Marketing (-38.6%), Customer Acquisition (-33.3%), E-comm. & Mktg. Solutions (-30.6%) and Content Monetization (-24%) experienced the largest decreases in EV/EBITDA valuations.
  • EV/Sales valuations (2020) pointed toward significant downward trends for all sectors. Customer Acquisition (-35.5%), Content Monetization (-32.0%) and Other Online Marketing (-30.5%) show the largest decreases in EV/Sales valuations.

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