All lower middle market multiples

MEDIA & TELECOM · PE-BACKED TRANSACTIONS

Media & Telecom EBITDA multiples

The source reports a 8.6× average TTM adjusted EBITDA multiple through Q3 2025 for media and telecom companies. See the five-year path before deciding whether the benchmark belongs in your analysis.

See the annual data
20246.7×

Source average

CHANGE TO YTD 2025+1.9×

Reported average moved up

ALL-YEARS AVERAGE7.6×

Rank #3 of 8 groups

ALL-YEARS SAMPLE85

2% of industry observations

YOUR EBITDA · INSTANT MARKET MATCH

Does the 8.6× media & telecom average fit your company's size?

Enter normalized EBITDA. The calculator keeps the Media & Telecom industry average separate from each reported company-size tier and removes any reference whose implied enterprise value falls outside its own source universe.

EBITDA → ENTERPRISE VALUE

Which reported market references fit your EBITDA?

Your EBITDA stays in this browser. We record only that the calculator was used—not the amount.

Use EBITDA after defensible adjustments and after market-rate management compensation. Select an industry only when the broad source group genuinely fits.

$Current sourced coverage: $500,000 to under $24,271,845 of normalized EBITDA.

The calculator does not ask you to choose a multiple. It tests every published EBITDA tier and keeps only results that land inside that tier's own reported enterprise-value band. A selected industry adds a separate reference only inside the source's $10M–$250M universe.

2021–2025 SOURCE HISTORY

The multiple moved. The universe stayed explicit.

The source's highest reported annual point in this period was 8.6× in YTD 2025. Each bar is an average from a different period—not a valuation path for one company.

2003–2020 avg.7.6×
20217.0×
20228.3×
20237.8×
20246.7×
YTD 20258.6×
All-years avg.7.6×
All-years N85

FROM BENCHMARK TO UNDERWRITING

The table answers “what did the group average?” It does not answer these three questions.

01

How much revenue recurs through subscriptions or contracts?

The aggregate source does not report this company-specific fact. A defensible valuation needs the answer before choosing or adjusting a multiple.

02

What do retention and customer acquisition economics look like?

The aggregate source does not report this company-specific fact. A defensible valuation needs the answer before choosing or adjusting a multiple.

03

What capital, platform, or content investment is required after closing?

The aggregate source does not report this company-specific fact. A defensible valuation needs the answer before choosing or adjusting a multiple.

FIT CHECK

Use this benchmark only inside its lane.

What is included

Private-equity-backed North American transactions with $10M–$250M of total enterprise value. Source period: Through Q3 2025.

What is not claimed

No individual transactions, median, quartiles, strategic-buyer premium, or universal private-company adjustment. This page does not reveal our protected transaction index.

SOURCE CONTRACT

The number stays attached to its source.

We transcribed the aggregate Media & Telecom row from GF Data's report. We did not infer missing ranges, blend in public-company trading multiples, or expose protected comparables.

Open the official report Use the three-lens explorer

YOUR NUMBERS

Normalize EBITDA. Then build the private valuation.

The market reference is public. Your company inputs, estimate, and contributed comparable access stay behind your account.

Test my EBITDA here Calculate adjusted EBITDA Start my private valuation

COMMON QUESTIONS

Media & Telecom EBITDA multiples

What EBITDA multiple did media & telecom companies receive in 2025?

Through Q3 2025, the source reports an average 8.6× TTM adjusted EBITDA multiple for media and telecom companies. The universe is private-equity-backed North American transactions with $10 million to $250 million of total enterprise value.

Did the media & telecom EBITDA multiple change from 2024?

The reported average moved from 6.7× in 2024 to 8.6× through Q3 2025, a +1.9× change. The periods can contain different transactions, so this is a change in source averages, not same-company appreciation.

Can I use 8.6× to value my media & telecom company?

Use it as one market reference only if your company fits the source's size and buyer universe. Normalize EBITDA first, then test company-specific growth, margins, concentration, recurrence, management, capital needs, and deal terms. The benchmark is not an appraisal or an offer.

Does this benchmark include individual transactions?

No. This page presents only the source's aggregate annual averages and the all-years observation count for its broad industry group. No individual transaction or protected comparable is exposed.