AAPL
2nd
Apple
$4.94Tn
338.40
-0.78%
+33.00%
Apple operates digital content storefronts (the App Store) that connect third-party developers with consumers, taking a commission on sales.
GOOGL
Alphabet
$4.16Tn
342.75
-0.34%
+40.44%
Alphabet generates the majority of its revenue from advertising on Google Search, YouTube, and the Google Network. It provides the technology infrastructure for performance and brand ads served to users worldwide.
MSFT
2nd
Microsoft
$3.78Tn
509.22
-1.35%
-1.05%
The company develops and publishes first and third-party video games and operates the Xbox Game Pass subscription service.
AMZN
2nd
Amazon Com
$2.65Tn
246.15
-1.41%
+10.79%
The company enables third-party sellers to list goods on its platform and earns fees from referral and fulfillment services, acting as a digital marketplace.
META
Meta Platforms
$1.82Tn
715.62
-4.79%
-3.74%
Meta operates the 'Family of Apps' including Facebook, Instagram, Messenger, Threads, and WhatsApp, which are platforms for social interaction and user-generated content. The company's core value is derived from its large user base and network effects across these social networking services.
NFLX
Netflix
$288.27Bn
69.23
-2.68%
-42.61%
Netflix operates a streaming service that delivers TV series, films, and live programming to subscribers worldwide. Its primary revenue is generated from monthly membership fees paid for access to this streaming platform.
BABA
Alibaba Group Holding
$252.72Bn
108.81
-0.87%
-39.52%
Alibaba operates massive online marketplaces like Taobao and Tmall that connect buyers and sellers, generating revenue from merchant services, transaction fees, and advertising.
SHOP
Shopify
$186.52Bn
144.01
+1.24%
-3.35%
Shopify provides a cloud-based commerce platform that enables merchants to create and manage online stores, offering website building tools and storefront infrastructure. Its 'Subscription Solutions' revenue is derived from platform subscriptions, apps, and themes sold to these merchants.
UBER
Uber Technologies
$139.11Bn
68.19
-2.04%
-31.52%
Uber operates a technology platform that matches consumers with drivers for ridesharing and transportation services in its Mobility segment. It also operates a marketplace for food and grocery delivery via Uber Eats and Uber Direct in its Delivery segment.
BKNG
Booking Holdings
$123.13Bn
163.87
-0.05%
-24.90%
Booking Holdings operates a series of digital marketplaces (Booking.com, Priceline, Agoda, KAYAK) that connect consumers with travel service providers, earning commissions and listing fees. Its primary revenue model is based on facilitating commerce between buyers (travelers) and sellers (hotels, airlines, car rental companies) online.
PDD
PDD Holdings
$111.72Bn
78.49
+1.19%
-39.93%
PDD Holdings operates the Pinduoduo and Temu platforms, which are digital marketplaces that connect third-party merchants, manufacturers, and farmers with consumers. The company earns revenue through transaction fees from these completed sales, fitting the model of enabling commerce between buyers and sellers online.
APP
AppLovin
$103.35Bn
308.24
-0.81%
-56.73%
AppLovin builds the technology infrastructure for buying and selling digital advertising, specifically through its Axon Ads Manager and automated auctions. Its revenue model is based on campaign performance and return on advertising spend for advertisers seeking to reach global audiences.
SPOT
Spotify Technology
$102.35Bn
497.27
-2.42%
-31.74%
Spotify operates a global audio streaming subscription service providing music, podcasts, and audiobooks to users. It generates revenue through monthly Premium subscription fees and advertising sales for its Ad Supported service.
ABNB
Airbnb
$92.09Bn
156.08
-0.88%
+26.98%
Airbnb operates a global digital marketplace that connects guests (buyers) with hosts (sellers) of short-term rentals and experiences, earning revenue through service fees on completed bookings. The core business model is enabling commerce between third-party buyers and sellers online rather than owning the inventory itself.
MELI
Mercadolibre
$86.81Bn
1,712.41
-2.29%
-31.54%
MercadoLibre operates a leading e-commerce marketplace where third-party sellers account for most of the gross merchandise volume, earning revenue through marketplace fees and final value fees.
WBD
2nd
Warner Bros. Discovery
$77.50Bn
30.90
+0.13%
+63.84%
The company operates streaming services such as HBO Max and discovery+, generating revenue from consumer subscription fees and ad-supported tiers.
DASH
DoorDash
$77.29Bn
178.39
-7.74%
-34.54%
DoorDash operates multisided platforms (DoorDash, Wolt, and Deliveroo) that match consumers with merchants and independent delivery personnel for food, grocery, and local commerce. It generates revenue through delivery and service fees from consumers and transaction fees from merchants.
NTES
NetEase
$77.27Bn
121.04
+4.88%
-20.03%
NetEase is primarily an online game provider that develops and operates over 100 titles across multiple genres (MMORPG, casual, shooting) and platforms (PC, mobile, console). It generates its principal revenue from the sales of in-house developed and licensed games and related value-added services.
TGT
2nd
Target
$72.00Bn
158.48
+0.68%
+78.41%
The company generates revenue from fees associated with its third-party digital marketplace, Target Plus, which connects external sellers with consumers.
SE
Sea
$60.54Bn
98.95
-0.62%
-45.47%
Sea Limited operates Shopee, a massive e-commerce marketplace that connects buyers and sellers and earns revenue through transaction-based commissions, seller advertising fees, and listing fees.
NU
2nd
Nu Holdings
$59.11Bn
12.23
-9.94%
-23.32%
Nu Holdings operates 'Nu Shopping,' an integrated e-commerce marketplace within its app that connects customers to third-party retailers like Casas Bahia and earns fees from gross merchandise volume.
EA
Electronic Arts
$52.84Bn
209.70
+0.00%
—
Electronic Arts develops, publishes, and operates video games across genres such as sports, racing, and action. Its revenue is derived from the sale of full game titles and live services for franchises like EA SPORTS FC.
EBAY
Ebay
$47.76Bn
107.32
-0.54%
+17.71%
eBay operates a global online marketplace that connects millions of buyers and sellers to trade a wide variety of goods, including collectibles and luxury goods. Its revenue model is based on commissions, such as final value fees and listing fees, which is the defining characteristic of a digital marketplace.
TEAM
2nd
Atlassian
$46.45Bn
178.54
-4.90%
+8.00%
Atlassian operates the Atlassian Marketplace, where it earns revenue from the sale of third-party apps, acting as a digital storefront connecting third-party developers with customers.
LYV
2nd
Live Nation Entertainment
$40.51Bn
171.94
+0.60%
+4.61%
The company operates the Ticketmaster platform, a digital marketplace that connects buyers and sellers of tickets for its own events and third-party clients, earning revenue from service fees on primary and secondary ticketing.
TTWO
Take Two Interactive Software
$37.84Bn
202.35
+0.45%
-22.16%
Take Two Interactive is a developer and publisher of interactive entertainment, creating and distributing games for console, PC, and mobile platforms. Its revenue is primarily generated from the sale of software titles and in-game virtual items through labels like Rockstar Games, 2K, and Zynga.
KR
2nd
Kroger
$35.26Bn
59.70
+1.60%
-10.13%
Kroger operates a retail media unit that sells advertising solutions and data analytics services to external parties based on its loyalty program data.
EXPE
Expedia
$30.25Bn
264.23
+0.02%
+19.83%
Expedia operates as a global travel marketplace connecting buyers and sellers of travel services, taking commissions and fees. Its core business model involves enabling commerce between travelers and suppliers like hotels, airlines, and car rental companies via its online platforms and mobile apps.
RBLX
Roblox
$29.92Bn
41.89
-9.84%
-70.41%
Roblox operates an immersive gaming and creation platform where users explore and share millions of unique experiences. The company generates the majority of its revenue through the sale of Robux, a virtual currency used to access premium features and virtual items within these games.
BIDU
2nd
Baidu
$29.59Bn
86.97
-0.41%
-35.51%
Through its subsidiary iQIYI, the company operates a leading online entertainment video service that generates revenue from membership subscriptions and advertising.
RDDT
Reddit
$27.53Bn
143.11
-4.53%
-40.86%
Reddit operates a global online platform centered on user-generated content and social interaction through communities called subreddits. Its core value is the network of users connecting over shared interests, which is the defining characteristic of the Social Media industry.
TCOM
2nd
Trip.com
$25.92Bn
39.90
+1.19%
-47.60%
The company operates an integrated travel platform that connects users with ecosystem partners (hotels, airlines, etc.) and takes a commission or fee, functioning as a digital marketplace for travel services.
CPRT
2nd
Copart
$25.20Bn
27.22
-1.34%
-38.97%
The company operates a global online auction marketplace that connects sellers (insurance companies, dealers) with buyers (dismantlers, rebuilders), earning listing and selling fees from these digital transactions.
CPNG
2nd
Coupang
$24.66Bn
13.76
-0.86%
-58.09%
The company operates 'Eats', a restaurant delivery platform that matches consumers with restaurants and manages the delivery of meals.
ROKU
2nd
Roku
$22.66Bn
152.67
-0.01%
+52.55%
Roku operates the Platform segment, which includes owned and operated streaming apps such as The Roku Channel, Howdy, and Frndly TV, delivering media content directly to consumers.
KSPI
2nd
Joint Stock Co Kaspi.kz
$18.23Bn
95.82
+0.16%
+17.11%
The company operates a Marketplace Platform that connects third-party merchants with consumers for e-Commerce, e-Grocery, and e-Cars, earning commissions on these third-party sales.
U
2nd
Unity Software
$17.54Bn
39.87
-4.07%
-7.15%
The 'Grow Solutions' segment consists of advertising products, including the Unity Ad Network, mediation platforms, and offerwalls, which provide the technology infrastructure for customers to monetize their user base through digital advertising.
RBA
2nd
Rb Global
$14.95Bn
80.77
-2.07%
-24.86%
The company operates digital marketplaces and online bidding platforms that connect buyers and sellers of automotive, construction, and agricultural assets, taking a commission or fee on these digital transactions.
TME
Tencent Music Entertainment
$13.19Bn
8.38
-0.24%
-64.69%
The company operates flagship applications like QQ Music, Kugou Music, and Kuwo Music, which deliver music streaming and long-form audio services (audiobooks, podcasts) to users. Revenue is generated through monthly subscription fees for these streaming services and advertising sales.
GRAB
Grab Holdings
$12.69Bn
3.10
-0.96%
-49.26%
Grab operates a superapp that matches consumers with drivers and couriers for ride-hailing (GrabCar, GrabTaxi) and delivery services (GrabFood, GrabMart, GrabExpress), earning revenue through service fees and commissions.
BILI
Bilibili
$12.68Bn
15.14
+1.61%
-44.60%
Bilibili operates a video community platform centered on user-generated content and social interaction, where the core product is a network of users connecting over shared interests. Its business model relies heavily on community-driven engagement, memberships, and advertising targeted at its Generation Z+ user base.
HAS
2nd
Hasbro
$12.62Bn
89.45
+1.54%
+16.24%
The company operates a Digital Gaming segment that develops and publishes interactive entertainment software, including titles like MONOPOLY GO! and original games for PC and consoles.
DKS
2nd
Dick'S Sporting Goods
$11.92Bn
134.16
-1.64%
-38.98%
The company owns and operates GameChanger, a youth sports mobile platform that generates revenue through subscriptions and advertising for live streaming of games.
GDDY
2nd
GoDaddy
$11.89Bn
93.77
-3.52%
-33.81%
The Applications and Commerce segment provides website building products, ecommerce tools, and hosted storefront solutions to entrepreneurs and microbusinesses.
PSKY
2nd
Paramount Skydance
$11.39Bn
10.28
+3.21%
-47.28%
The company operates a Direct-to-Consumer segment with streaming services including Paramount+, Pluto TV, and BET+, generating revenue from consumer subscriptions and digital advertising.
SRAD
2nd
Sportradar Group AG
$11.28Bn
12.48
-5.74%
-56.30%
Sportradar distributes live audiovisual streams and content to media companies and betting operators, acting as a distribution service for sports media.
PINS
Pinterest
$10.42Bn
18.42
-2.54%
-44.72%
Pinterest operates a platform for social interaction and user-generated content where users find ideas and save them to boards. Its core value is the network of 619 million monthly active users connecting with content from creators, brands, and other users.
CART
Maplebear
$10.10Bn
43.34
+0.35%
+14.29%
Maplebear operates a marketplace where consumers shop from a variety of retailers for delivery or pickup, collecting marketplace fees from retailers for each order processed. This core model connects buyers (consumers) and sellers (retailers) of physical goods, which is the defining characteristic of a digital marketplace.
MTCH
Match
$9.08Bn
39.51
-2.56%
+8.25%
Match Group operates a global portfolio of social interaction platforms including Tinder, Hinge, and Match, where the core product is a network of users connecting with each other. Its revenue is derived from user subscriptions for premium features and advertising, which is the characteristic model for social media and networking platforms.
SNAP
Snap
$9.01Bn
5.22
-3.87%
-37.86%
Snap's flagship product is Snapchat, a platform for social interaction and user-generated content where the core value is the network of users connecting via visual messaging. The company generates significant revenue from advertising and subscriptions tied to this social network.
KLAR
2nd
Klarna
$8.75Bn
12.40
-3.13%
-67.74%
The company has a dedicated 'Advertising Solutions' segment that sells sponsored search, affiliate programs, and brand ads to merchants using proprietary consumer interaction data.
SIRI
2nd
Sirius Xm Holdings
$8.74Bn
25.94
+0.35%
+14.32%
The company operates Pandora, which provides ad-supported and premium music streaming services to millions of monthly active users and subscribers.
YMM
Full Truck Alliance
$7.68Bn
8.22
+1.23%
-37.16%
Full Truck Alliance operates a digital freight platform that connects shippers with truckers, acting as a digital marketplace for logistics services. It generates revenue through freight listing membership fees and brokerage service fees for matching buyers (shippers) and sellers (truckers) of freight capacity.
GLBE
Global-E Online
$6.64Bn
39.28
-2.22%
+5.17%
Global-E provides a technology platform that enables merchants to sell to shoppers across borders, offering localized pricing, payment options, and integrated systems to manage international sales. This matches the description of e-commerce software that provides storefront infrastructure and cross-border localization services to merchants.
ZETA
2nd
Zeta Global Holdings
$6.57Bn
29.00
-1.53%
+37.83%
The company generates revenue from a demand side platform (DSP), which is a core piece of the technology infrastructure used for programmatic digital advertising buying and targeting.
ETSY
Etsy
$6.37Bn
68.93
+0.70%
-7.28%
Etsy operates two-sided online marketplaces, including the Etsy marketplace for creative goods and the Depop marketplace for fashion resale, connecting independent sellers with buyers. The company generates revenue through transaction fees, listing fees, and commissions without holding physical inventory.
M
2nd
Macy's
$6.01Bn
23.02
+1.68%
+26.69%
The company operates Macy's Media Network, a retail media business that sells advertising technology and space to brand partners to advertise on its platforms.
TTD
Trade Desk
$5.80Bn
12.34
-2.06%
-75.14%
Trade Desk operates a demand-side platform (DSP) that provides the technology infrastructure for buying, targeting, and measuring digital advertising. Its revenue is primarily derived from platform fees based on a percentage of client spend by advertising agencies and brands.
FOUR
2nd
Shift4 Payments
$5.76Bn
37.06
-3.67%
-53.10%
Shift4 provides Shift4Shop, a turnkey eCommerce platform that offers merchants web-store creation, design themes, product catalog management, and secure hosting.
XMTR
Xometry
$5.73Bn
103.14
+2.56%
+84.48%
Xometry operates a global online manufacturing marketplace that connects buyers with suppliers of custom manufacturing services, earning revenue primarily from fees on marketplace orders. This matches the model of a digital marketplace enabling commerce between buyers and sellers online.
LYFT
Lyft
$5.63Bn
14.88
+0.13%
-35.11%
Lyft operates a mobility platform that matches riders with drivers for on-demand rideshare, taxi, and chauffeur services, earning revenue from service fees and commissions. The company's core activity is facilitating transportation by matching supply and demand in real time via its mobile application.
VEON
2nd
Veon
$5.13Bn
69.41
-5.59%
+28.44%
VEON operates streaming entertainment platforms and digital content services, specifically mentioning products like Tamasha and Kyivstar TV.
SOGP
Sound
$5.02Bn
12.03
-1.15%
-39.85%
The company's primary revenue stream (98.5%) comes from its Online Audio Business, which operates platforms for voice live streaming, multi-user voice interaction, and social entertainment. This business model, based on user-generated content and monetization via virtual gifts and in-app purchases, aligns with the social interaction and creator monetization described in T-47.
RUM
Rum
$4.69Bn
7.93
-5.14%
+8.63%
Rumble operates a video sharing platform (Rumble.com) and a community support site (Locals.com) where the core product is a network of users and creators connecting with each other. Revenue is generated through advertising, subscriptions, and user tips within this social ecosystem.
RSI
2nd
Rush Street Interactive
$4.53Bn
19.55
-1.66%
-12.72%
The company operates a proprietary online gaming platform that enables it to act as a B2B supplier, providing retail sports betting services and technology to land-based partners like casinos and Native American tribes in exchange for commissions.
VSNT
2nd
Versant Media
$4.52Bn
32.46
-1.04%
—
Versant operates digital marketplaces such as Fandango for movie ticketing and GolfNow for tee time bookings, earning transaction-based fees from connecting consumers with service providers.
MLMC
FrankSpeech Network
$4.47Bn
0.76
-5.00%
-58.92%
FrankSpeech Network operates an online movie channel and a 24-hour streaming internet TV station. Its revenue model is based on subscriptions for premium access, pay-per-view video on demand, and advertising income from free streaming content.
MMYT
MakeMyTrip
$4.29Bn
47.39
+1.37%
-49.62%
MakeMyTrip operates as a digital marketplace connecting buyers (travelers) with sellers (airlines, hotels, bus operators) and earns revenue through commissions and service fees on bookings. Its core business model is enabling commerce between third-party travel suppliers and consumers via its platforms.
OPLN
Openlane
$4.26Bn
34.68
-0.40%
+23.11%
Openlane operates digital marketplaces in the US, Canada, and Europe that connect automotive manufacturers, dealers, and fleet operators to facilitate wholesale used vehicle transactions. The company generates revenue through buy and sell fees charged to these participants for enabling commerce between buyers and sellers online.
JOYY
Joyy
$4.24Bn
80.59
+1.03%
+36.41%
The company's core business and largest revenue driver (72% from virtual tips) is its portfolio of social entertainment platforms, including Bigo Live, imo, Likee, and Hago, which connect a global user base of 272.1 million monthly active users.
MOGU
Mogu
$4.00Bn
1.86
-0.53%
-46.86%
MOGU operates an online fashion and lifestyle platform that connects merchants, influencers, and consumers, taking commissions on sales. The company's core business model is enabling commerce between buyers and sellers via the Mogujie app and website.
WIX
2nd
Wix.com
$3.83Bn
69.60
-5.68%
-61.48%
The company provides e-commerce software through Wix Stores, allowing merchants to run online storefronts and manage orders. It generates revenue from premium subscriptions and a take rate on merchant volume.
GCT
2nd
GigaCloud Technology
$3.78Bn
52.62
-2.52%
+78.74%
The company operates the GigaCloud Marketplace, a B2B platform that connects manufacturers in Asia with resellers in the US, Europe, and Japan, earning service revenues from platform commissions and fees.
ACVA
ACV Auctions
$3.67Bn
10.47
+0.10%
+6.62%
ACV Auctions operates a digital marketplace that connects wholesale buyers and sellers of used vehicles, generating revenue primarily from transaction fees on this platform. The company facilitates commerce between dealers, fleet operators, and financial institutions, which is the core definition of a digital marketplace.
DAO
2nd
Youdao
$3.56Bn
14.55
-1.69%
+47.57%
The company operates an online marketing business providing performance-based and global marketing services, generating revenue through cost-per-click and fixed-fee advertising campaigns.
MGNI
Magnite
$3.36Bn
23.40
-2.38%
+5.03%
Magnite operates a sell-side advertising platform (SSP) and programmatic CTV marketplace that provides the technology infrastructure for buying and selling digital advertising inventory. Its revenue is derived from fees tied to advertising spend, CPMs per impression, and platform fees for facilitating automated transactions between publishers and advertisers.
LIF
2nd
Life360
$3.25Bn
39.98
-2.73%
-62.19%
Life360 operates a social platform for families and 'circles' to connect and share location data, generating revenue from advertising and the monetization of its network of users.
GENI
2nd
Genius Sports
$3.12Bn
6.15
-4.21%
-54.21%
The company provides advertising campaign management and broadcast inventory activation for brands and agencies, using its FanHub platform and consumer insights to deliver targeted campaigns to sports audiences.
PONY
2nd
Pony AI
$3.01Bn
6.94
+0.73%
-69.45%
The company operates a robotaxi service that matches passengers with driverless rides via the PonyPilot app and third-party platforms, generating revenue from passenger fares.
KYIV
2nd
Kyivstar
$2.95Bn
12.76
-2.22%
+3.66%
The company operates Uklon, a ride-hailing platform that matches consumers with drivers for transportation and delivery services.
PPLI
People
$2.72Bn
39.64
-0.90%
+12.77%
IAC operates several digital marketplaces, most notably Care.com, which connects families with caregivers and generates revenue through subscription fees and transaction-based payments. The company's core strategy is building platforms that connect consumers with services and opportunities across multiple verticals.
GRND
Grindr
$2.71Bn
15.61
-1.08%
-0.76%
Grindr operates a global social networking service where the core product is a network of users connecting with each other for dating, friendship, and networking. The company generates revenue through user subscriptions for premium features and advertising from third parties targeting its user base.
PTRN
2nd
Pattern
$2.61Bn
16.77
-1.47%
+20.65%
The company provides software as a service (SaaS) tools to its brand partners to help them scale their presence and optimize advertising, pricing, and forecasting on marketplaces.
DJT
Trump Media & Technology
$2.53Bn
9.12
-0.22%
-46.07%
The company operates Truth Social, a social media network designed for open discourse and user interaction, featuring a 'for you' feed, discover tab, and Groups functionality. This platform is presented as the core of the company's mission to provide a venue for free expression.
ATHM
Autohome
$2.46Bn
21.22
-0.38%
-26.88%
Autohome operates digital marketplaces (autohome.com.cn, che168.com) that connect buyers and sellers of new and used vehicles, earning commissions on transactions. This is a core part of its 'Online Marketplace and Other Services' segment.
EEFT
2nd
Euronet Worldwide
$2.43Bn
64.93
-1.04%
-27.01%
The epay segment operates as a digital marketplace for prepaid mobile airtime, gift cards, and digital subscriptions from over 1,000 global brands.
NCTY
The9
$2.41Bn
3.34
-8.49%
-67.51%
The company develops and publishes online games and operates the the9bit gaming platform. It generates revenue from publishing licenses, game sales, and in-app purchases for titles such as Glory All Stars and Ultraman Hero Beyond Time.
CARG
CarGurus
$2.33Bn
30.81
-1.57%
-17.73%
CarGurus operates online marketplaces in the US, Canada, and the UK that connect car shoppers with a network of dealers to buy and sell vehicles. Its core business model involves enabling commerce between buyers and sellers online, which is the defining characteristic of a digital marketplace.
PTON
2nd
Peloton Interactive
$2.11Bn
4.80
-2.44%
-44.64%
The company generates significant recurring revenue through subscription-based Memberships (All-Access, App+, Strength+) that provide access to an extensive library of interactive fitness and wellness content.
DV
DoubleVerify Holdings
$2.08Bn
13.40
+0.07%
+10.47%
DoubleVerify provides the technology infrastructure for measuring and verifying digital advertising, specifically focusing on fraud detection, brand suitability, and viewability. Its revenue model is based on a Measured Transaction Fee for each media transaction analyzed, which is a classic ad-tech infrastructure model.
STUB
StubHub Holdings
$2.01Bn
5.29
-2.58%
-69.21%
StubHub operates a secondary ticketing marketplace that connects buyers and sellers of tickets for live events. It generates revenue by taking a commission from sellers and charging service fees to buyers for each transaction completed on the platform.
ZD
2nd
Ziff Davis
$1.95Bn
55.68
-1.47%
+43.17%
The company operates digital storefronts for video games, ebooks, and software through IGN Entertainment and Humble Bundle.
WRD
2nd
WeRide
$1.89Bn
5.53
+0.00%
-46.93%
The company generates revenue from ride-hailing services offered through its WeRide Go app and collaborations with mobility platforms like Uber and Grab.
YJ
2nd
Yunji
$1.71Bn
1.74
-4.40%
-8.42%
The company operates a marketplace segment that enables third-party merchants to list and sell products on the platform, from which Yunji earns commission fees on each transaction.
FORTY
2nd
Formula Systems (1985)
$1.68Bn
109.25
-4.99%
-16.75%
The Zap Group subsidiary focuses on providing digital advertising solutions, social media services, and digital branding for travel businesses and large enterprises.
WB
Weibo
$1.59Bn
6.47
-0.31%
-48.24%
Weibo operates a leading social media platform in China that enables users to create, discover, and distribute content in real time. Its core product is a network of users connecting via microblogging, social networking, and multimedia formats.
OPRA
2nd
Opera
$1.56Bn
17.40
-1.42%
-14.96%
The company operates a proprietary advertising platform, Opera Ads, which sells digital advertising to brands, agencies, and partners like AppLovin and Vungle.
YALA
Yalla
$1.54Bn
5.47
+0.00%
-27.45%
Yalla operates a flagship voice-based group chat platform and an instant messaging service (YallaChat) where the core product is a network of users connecting for social interaction. Its business model centers on a social network of users engaging in real-time conversations mirroring traditional majlis gatherings.
WBTN
WEBTOON Entertainment
$1.49Bn
10.95
-0.82%
-44.50%
WEBTOON operates a global storytelling platform where 27 million creators and 157 million monthly active users discover, create, and share user-generated content. The core of the business is a network of users connecting with each other through comments, feedback, and the sharing of web comics and web novels.
LQDT
Liquidity Services
$1.35Bn
43.33
-0.64%
+57.51%
The company operates multiple e-commerce marketplaces, including GovDeals, Liquidation.com, and AllSurplus, which connect buyers and sellers of surplus assets. Its primary revenue model is based on transaction fees charged to these buyers and sellers upon successful sales.
APPS
Digital Turbine
$1.34Bn
11.22
+0.99%
+88.89%
Digital Turbine provides the technology infrastructure for buying and selling mobile advertising, including a Demand-Side Platform (DT DSP) and programmatic real-time bidding auctions. Its revenue is derived from programmatic advertising auctions and cost-per-install/acquisition models for brands and agencies.
RSKD
2nd
Riskified
$1.21Bn
7.70
-1.03%
+62.11%
The company sells its services exclusively to e-commerce merchants, integrating directly into their storefront systems to manage the checkout and approval process. Its revenue model is tied to the gross merchandise value (GMV) processed by these online stores.
REAL
2nd
TheRealReal
$1.07Bn
8.81
-0.23%
-17.97%
The company operates as an online marketplace that connects buyers and sellers of pre-owned luxury goods, earning revenue through commissions on these transactions. This matches the model of enabling commerce between third parties on a digital platform.
HUYA
Huya
$1.06Bn
2.37
+3.04%
-28.83%
Huya operates a live streaming platform centered on game content and e-sports, delivering live streams and video content to 161.1 million monthly active users. Revenue is generated through membership subscriptions and virtual gifts used to support broadcasters on the platform.
ZKH
Zkh
$1.06Bn
2.85
-0.35%
+0.35%
ZKH operates as an e-commerce platform for MRO procurement, utilizing a marketplace model where suppliers list products and the company earns a commission on sales. It connects a diverse base of over 155,000 active customers, including corporations and SMEs, with MRO suppliers.
FUBO
FuboTV
$1.03Bn
9.47
-1.87%
-81.52%
FuboTV operates a live TV streaming platform that aggregates and delivers licensed sports, news, and entertainment content to consumers. Its primary revenue comes from subscription fees for packages like Fubo Essential, Pro, and Elite.
UPWK
Upwork
$1.01Bn
8.07
-0.98%
-57.55%
Upwork operates a global digital marketplace that connects businesses (buyers) with independent talent and agencies (sellers) of professional services. It generates revenue through commissions (service fees) on talent billings and client marketplace fees, which is the core model of a digital marketplace.
EEX
2nd
Emerald Holding
$997.46Mn
5.04
—
—
The Commerce division provides B2B e-commerce and digital merchandising solutions through its Elastic platform, earning revenue from subscription fees and implementation services for manufacturers and retailers.
IQ
iQIYI
$993.86Mn
1.03
+0.98%
-60.69%
iQIYI operates a digital platform that streams a wide variety of video content, including drama series, films, and variety shows. Its primary revenue streams are subscription memberships and advertising sales from users accessing this streaming service.
TRIP
TripAdvisor
$984.88Mn
8.41
+0.00%
-50.67%
Tripadvisor operates digital marketplaces, specifically Viator and Tripadvisor's points-of-sale, which connect travelers with experience operators for bookable tours and activities, earning commissions on these transactions.
YELP
Yelp
$967.65Mn
17.60
-2.33%
-43.90%
Yelp operates a platform centered on user-generated content, including over 300 million reviews, ratings, photos, and videos, where the core value is the network of users connecting with local businesses. Its primary business model relies on this social network effect to attract both consumers and advertisers.
IBTA
Ibotta
$929.36Mn
39.92
-2.80%
+42.37%
Ibotta operates a digital promotion platform that sells performance-based advertising and fixed-price products like display ads and sponsored offers to CPG brands. Its core business is the technology infrastructure used to target, deliver, and measure the effectiveness of these digital advertisements via its own properties and third-party publisher partners.
NXDR
Nextdoor Holdings
$918.34Mn
2.41
-3.98%
+13.68%
Nextdoor operates a neighborhood network where the core product is a network of verified users connecting with each other to share news, safety alerts, and recommendations. Its value is derived from the social interaction and community connections of its 105 million verified neighbors.
ACEL
2nd
Accel Entertainment
$893.94Mn
11.01
-0.63%
-2.74%
Through its Grand Vision Gaming subsidiary, the company designs and manufactures gaming software and nearly two thousand game titles sold to internal and external markets.
TBLA
Taboola.com
$856.29Mn
3.40
-2.30%
-2.02%
Taboola builds the technology infrastructure for buying and selling digital advertising, specifically a platform that matches personalized ad content to publisher sites in real time. Its revenue is generated through performance-based models like cost-per-click (CPC) and cost-per-mille (CPM) paid by advertisers.
SABR
Sabre
$847.49Mn
2.10
-3.67%
+14.13%
Sabre operates a global distribution network (GDS) that acts as a B2B digital marketplace, connecting travel suppliers (airlines, hotels, car rentals) with travel buyers (OTAs, travel agencies, corporate travel departments). The company generates primary revenue from transaction fees collected when these buyers book supplier products through its marketplace.
ANGX
2nd
Angel Studios
$841.96Mn
4.57
-4.79%
-17.51%
The company operates its own streaming service via the Angel App, delivering video-on-demand content to consumers through subscription and ad-supported models.
PUBM
PubMatic
$835.94Mn
18.41
-1.02%
+117.36%
PubMatic operates an integrated technology platform that connects buyers and publishers for the purpose of buying and selling digital advertising inventory. Its revenue is derived from fees charged for processing ad impressions and bids, and it provides specific ad-tech tools like OpenWrap (header bidding) and Intelligent Yield (auction efficiency).
JMIA
Jumia Technologies AG
$831.05Mn
6.71
-2.47%
-43.94%
Jumia operates a pan-African e-commerce marketplace that connects third-party sellers with consumers, earning revenue through commission fees on these transactions. The profile explicitly describes its Marketplace segment as enabling sellers to list and sell goods across categories like electronics and fashion.
DSP
Viant Technology
$813.41Mn
12.24
+0.41%
+41.83%
Viant Technology provides a cloud-based demand side platform (DSP) used for the programmatic purchase of digital advertising across CTV, mobile, and desktop. Its revenue is derived from a percentage of media spend and fixed cost per mille (CPM) fees, which is the classic revenue model for digital advertising technology infrastructure.
PLTK
Playtika Holding
$812.38Mn
2.13
+0.00%
-45.52%
Playtika develops and operates a portfolio of free-to-play mobile games, including titles like Bingo Blitz and Slotomania. Its primary revenue is generated from the sale of virtual currency and in-game items such as coins and power-ups.
QNST
Quinstreet
$802.79Mn
14.21
-1.39%
-9.03%
Quinstreet builds and operates proprietary performance marketing technologies to sell qualified clicks, leads, and calls to clients. Its revenue model is based on per-action pricing for delivering measurable online marketing results, which aligns with the technology infrastructure for buying and selling digital advertising.
GRPN
Groupon
$800.52Mn
19.74
-7.32%
-15.10%
Groupon operates a two-sided marketplace connecting consumers with merchants to purchase local experiences, goods, and travel offers. Its primary revenue model is based on commissions earned from transactions occurring on the platform, such as fees for vouchers sold in the Local and Travel segments and commissions on third-party products in the Goods segment.
MOMO
Hello
$799.70Mn
4.90
-1.80%
-34.32%
Hello Group operates mobile social networking platforms, including Momo and Tantan, which enable users to discover relationships and build social connections. Its revenue is primarily driven by virtual gifts and premium memberships within these social and dating networks.
CRTO
Criteo
$767.10Mn
15.80
-2.95%
-29.46%
Criteo provides the technology infrastructure for digital advertising, operating as both a Demand-Side Platform (DSP) for brands and a Supply-Side Platform (SSP) for publishers. It generates revenue through DSP and SSP fees, and sells advertising inventory on a cost-per-thousand impressions basis using real-time bidding exchanges.
MNTN
Mntn
$755.45Mn
10.18
-7.71%
-45.47%
MNTN provides the technology infrastructure for buying, targeting, and measuring digital advertising on Connected TV (CTV). Its platform includes proprietary tools for attribution, ROAS optimization, and audience matching (MNTN Matched), which are core functions of digital advertising technology.
DDI
DoubleDown Interactive
$648.65Mn
13.09
+0.69%
+40.60%
DoubleDown Interactive is a developer, publisher, and operator of digital games, specifically social casino games like DoubleDown Casino. Its primary revenue comes from in-game purchases of virtual currency and digital items within these interactive entertainment software titles.
RERE
2nd
ATRenew
$622.68Mn
3.86
-2.28%
-17.70%
The company operates the PJT Marketplace, a B2B trading platform where it connects sellers and small merchants, earning commission fees on transactions completed through the marketplace.
VTEX
Vtex
$621.05Mn
3.59
-0.55%
-18.96%
VTEX provides a SaaS digital commerce platform that allows enterprise brands and retailers to build and manage online stores, including order management and storefront infrastructure. Its revenue model is based on subscriptions and a take rate on Gross Merchandise Volume (GMV) from these merchant storefronts.
EVC
Entravision Communications
$605.24Mn
7.30
-1.48%
+210.64%
The company's largest revenue contributor (61%) is the ATS segment, which operates Smadex, a proprietary programmatic demand-side platform (DSP) that automates media buying for mobile app developers worldwide. This matches the description of building the technology infrastructure for buying and targeting digital advertising.
EVER
EverQuote
$588.97Mn
18.59
-0.27%
-20.93%
EverQuote operates an online marketplace that connects consumers with insurance providers (carriers and agents), taking a fee for each referral. Its revenue model is based on selling pre-validated consumer inquiries as referrals to these providers, which fits the definition of a digital marketplace connecting buyers and sellers.
ALOY
2nd
Realloys
$579.15Mn
8.42
-5.39%
+37.58%
The platform includes a social media hybrid element where members can discuss trading ideas and interact within a community-driven interface.
CARS
Cars.com
$561.37Mn
10.41
-4.41%
-15.23%
Cars.com operates a flagship digital marketplace that connects millions of consumers with dealerships and OEMs to buy and sell vehicles. Its core business model involves enabling commerce between buyers and sellers online, which is the defining characteristic of a digital marketplace.
NRDS
Nerdwallet
$544.25Mn
8.52
+0.24%
-22.55%
NerdWallet operates a digital marketplace that connects consumers and small businesses with third-party providers of credit cards, loans, and insurance. It generates the majority of its revenue through referral fees and lead generation from these marketplace connections.
AMCX
2nd
AMC Global Media
$517.48Mn
12.03
-1.07%
+44.24%
The company operates several direct-to-consumer streaming services, including AMC+, Acorn TV, Shudder, ALLBLK, HIDIVE, and Sundance Now, earning revenue from subscription fees.
NEXN
Nexxen International
$494.17Mn
8.78
+0.92%
-9.30%
Nexxen provides the technology infrastructure for buying and selling digital advertising through its Demand Side Platform (DSP) and Supply Side Platform (SSP). Its revenue is derived from platform fees based on a percentage of advertiser spend and CPMs, which matches the description of digital advertising technology pipes.
MAX
MediaAlpha
$488.00Mn
9.21
-0.75%
-19.84%
MediaAlpha operates a programmatic marketplace for buying and selling consumer referrals (clicks, calls, and leads), which functions as the technology infrastructure for digital advertising and customer acquisition. The company earns revenue through fees for each referral delivered, utilizing real-time bidding and proprietary algorithms to match insurance carriers (buyers) with web traffic (sellers).
GRVY
Gravity
$464.26Mn
66.81
+0.45%
+2.78%
Gravity is a developer and publisher of online and mobile games, specifically focusing on the Ragnarok franchise and other original IPs. Its primary revenue is generated from subscription fees, in-app purchases, and the sale of virtual items within its games.
TRVG
Trivago
$392.46Mn
5.57
+2.39%
+64.79%
Trivago operates a digital marketplace that connects travelers (buyers) with hotel and accommodation providers (sellers), taking a commission or fee for the referral. The platform aggregates offers from OTAs, hotel chains, and independent providers to enable commerce between these parties.
SERV
2nd
Serve Robotics
$383.18Mn
4.43
-0.45%
-62.20%
The company generates primary revenue through fees for delivery services executed on behalf of food delivery platforms like Uber Eats and DoorDash, operating as a marketplace for on-demand delivery of goods.
XNET
2nd
Xunlei
$382.63Mn
4.87
-2.79%
-47.01%
The company operates live-streaming platforms Hiya and WeFun, which generated significant revenue (US$31.2 million and US$46.7 million respectively in 2025) from delivering media content to users.
GLOO
2nd
Gloo Holdings
$379.35Mn
4.66
-2.31%
—
The company operates a marketplace for curated products and services via its Outreach brand, connecting buyers and sellers within the faith and flourishing ecosystem.
STRZ
2nd
Starz Entertainment
$361.20Mn
21.50
+2.04%
+46.16%
The company operates a direct-to-consumer over-the-top app (the STARZ app) and sells subscriptions via its website and retail partners like Apple, Google, Amazon, and Roku.
RZLV
Rezolve Ai
$345.25Mn
2.12
-2.75%
-59.54%
Rezolve AI provides an AI-powered commerce platform including 'Brain Commerce' and 'Brain Checkout' that merchants use to unify discovery, checkout, and fulfillment. Its customer base consists of global retail brands like Adidas, H&M, and Sephora, and it competes directly with e-commerce software providers like Shopify and BigCommerce.
SOHU
Sohu.com
$341.50Mn
13.10
+0.38%
-18.63%
The company's largest revenue source is online game revenues, contributing $505.7 million through the Changyou entity. This business involves the development and operation of PC and mobile games using an item-based revenue model where players purchase virtual items.
TREE
LendingTree
$339.77Mn
24.21
-1.67%
-64.23%
LendingTree operates as a digital marketplace that connects individual consumers with a network of approximately 770 financial service providers. It earns revenue through match fees, click fees, and call fees when consumers are referred to partners for mortgages, loans, and insurance.
BMBL
Bumble
$333.61Mn
2.53
-4.89%
-59.84%
Bumble operates a family of mobile applications, including Bumble, Badoo, and BFF, which are platforms for social interaction, romantic connections, and friendship building. Its revenue is derived from subscriptions and in-app purchases from a network of users connecting with each other.
PERI
Perion Network
$329.37Mn
8.44
-1.75%
-12.72%
Perion provides the technology infrastructure for buying and selling digital advertising, specifically through its Perion One platform and Outmax AI agent. Its revenue is derived from providing execution infrastructure, real-time spend allocation, and optimization services for advertisers and agencies across CTV, DOOH, and social platforms.
ZH
Zhihu
$310.41Mn
3.81
+1.06%
-26.45%
Zhihu operates an online content community based on user-generated content, including questions, answers, and articles, where the core value is the network of 80.3 million content creators. Its revenue model includes advertising and subscriptions from a large user base connecting with each other.
FVRR
Fiverr International
$309.32Mn
8.57
+0.23%
-66.21%
Fiverr operates an online marketplace that connects buyers seeking digital services with sellers offering those services, taking a commission or fee on transactions. The profile explicitly describes its model as transforming freelance staffing into an 'e commerce like transaction' where digital services are bought and sold as products.
IHRT
2nd
iHeartMedia
$306.67Mn
2.22
-3.06%
-20.14%
The company operates the iHeartRadio digital service and is the number one podcast publisher in the U.S., delivering media directly to consumers via streaming.
TDUP
2nd
ThredUp
$288.85Mn
2.20
-2.22%
-76.96%
The company provides a 'Resale-as-a-Service' offering, which is a technology product sold to national and international brands and retailers to enable them to run their own resale or clean out programs.
ANGI
Angi
$276.77Mn
5.56
+2.58%
-66.34%
Angi operates a digital marketplace connecting consumers with home professionals across 500 service categories. Its revenue model is based on lead fees, advertising, and commissions from connecting buyers (consumers) and sellers (service professionals) on its platforms.
TTGT
2nd
TechTarget
$273.40Mn
3.78
-1.31%
-37.00%
TechTarget derives revenue from digital advertising offerings and provides AI-enabled buyer intent data and demand generation services to help vendors target specific prospects.
XPER
2nd
Xperi
$267.61Mn
5.49
-1.26%
-17.07%
The company operates a global cross-screen advertising solution and earns revenue from advertising sales on TiVo-owned properties and data licensing of viewer behavior for targeted advertising.
POWW
Outdoor Holding
$263.35Mn
2.27
-0.87%
+57.64%
The company operates the GunBroker platform, which is an online marketplace connecting buyers and sellers of firearms and ammunition. It generates its primary revenue from transaction fees collected on completed sales through this marketplace.
CMRC
Commerce.com
$262.66Mn
3.17
-2.76%
-37.60%
The company's core product is BigCommerce, a SaaS ecommerce platform that provides merchants with online storefronts, catalog and order management, and headless commerce capabilities. Its revenue is primarily driven by subscription fees from these storefront infrastructure services.
LX
2nd
LexinFintech Holdings
$251.25Mn
0.75
+1.35%
-86.09%
The company operates an installment ecommerce platform that connects merchants with consumers, earning revenue through transaction fees and value-added services.
SPQS
SportsQuest
$241.45Mn
0.06
-14.29%
—
SportsQuest operates a digital marketplace (iefranchise.com) that connects prospective buyers with franchisors, taking fees for lead generation and subscriptions. This matches the model of enabling commerce between buyers and sellers of digital/business opportunities online.
ZIP
Ziprecruiter
$240.81Mn
3.48
-0.85%
-23.01%
ZipRecruiter operates an AI-powered online marketplace that connects job seekers with employers, taking revenue from subscription fees paid by employers to post jobs and access candidate matching. This fits the model of a digital marketplace enabling commerce (employment) between buyers (employers) and sellers (job seekers).
AZ
2nd
A2Z Cust2Mate Solutions
$234.36Mn
5.34
-2.02%
-32.83%
The company generates a growing revenue stream from retail media advertising on smart cart screens, utilizing CPM-based agreements with partners like Toys "R" Us Israel and Lego.
TONX
2nd
TON Strategy
$224.99Mn
3.98
+11.17%
-42.32%
The MARKET.live segment provides e-commerce software and services, including TikTok Shop integration and online store setup, enabling brands and retailers to run shoppable livestream events.
GPRO
2nd
GoPro
$218.34Mn
1.33
+3.10%
-37.85%
GoPro provides subscription services through the Quik app that include cloud storage and live streaming capabilities for delivering media content.
WEWA
2nd
Wewards
$214.97Mn
2.00
+0.00%
-5.21%
The company owns the intellectual property for Megopoly, a massively multiplayer online board game, and is pursuing licensing arrangements to bring this interactive entertainment software to market.
HKD
2nd
AMTD Digital
$209.07Mn
1.69
+0.60%
-8.15%
The company operates in media and entertainment by publishing digital versions of L’Officiel and The Art Newspaper, delivering content to global audiences.
FIRY
Firy
$206.03Mn
12.52
+0.32%
+52.87%
Skillz operates a proprietary multiplayer platform that enables skill-based competitive gaming and provides game developers with tools to host real-money tournaments and social competition features. The company generates revenue by taking a share of entry fees paid by players participating in these competitions.
KLTR
Kaltura
$197.28Mn
1.30
-1.52%
-8.45%
Kaltura provides a cloud-based Digital Experience Platform for creating, managing, and delivering video and rich media. Its Media and Telecom segment specifically delivers cloud TV software for over-the-top (OTT) and cloud television services, which aligns with the delivery of media content to audiences over the internet.
MPU
Mega Matrix
$187.97Mn
2.77
-0.36%
+109.85%
Mega Matrix operates FlexTV, a short drama streaming platform that generates revenue from user subscription fees, in-app coin top-ups, and advertising sales. The company produces and distributes original short-form video content to a global audience of viewers.
GDEV
Gdev
$186.95Mn
10.30
-5.50%
-63.53%
GDEV develops and operates a portfolio of mobile and social games, including titles like Hero Wars, Island Hoppers, and Pixel Gun 3D. Its revenue is derived directly from the operation of these interactive entertainment products via in-app purchases and in-game advertising.
MRT
Marti Technologies
$180.69Mn
2.10
-1.87%
-1.87%
Marti Technologies operates a 'super app' that matches consumers with drivers for ride hailing and delivery services, generating revenue from fees collected for each trip and order. The profile explicitly describes its ride hailing and delivery segments as connecting passengers and packages with a driver network.
CURI
CuriosityStream
$171.40Mn
2.90
-6.45%
-46.40%
CuriosityStream operates a subscription video-on-demand (SVOD) platform delivering factual entertainment to consumers via its own website and apps on devices like Roku and Apple TV. Its Direct Business segment is a core revenue driver based on monthly and annual subscriptions for streaming content.
BZUN
Baozun
$165.85Mn
3.09
+5.10%
-23.51%
Baozun provides integrated brand e-commerce solutions and a proprietary technology platform that enables brand partners to operate online stores on channels like Tmall, JD.com, and Douyin. Its revenue is heavily driven by service fees for information technology, online store operations, and digital marketing provided to these merchants.
WSHP
WeShop Holdings
$148.76Mn
6.34
+4.62%
—
WeShop operates a social commerce platform centered on community-generated content, user profiles, and personalized home feeds where users discover products. The core value of the platform is the network of users connecting and sharing product recommendations.
SSTK
Shutterstock
$148.70Mn
4.04
-3.35%
-80.46%
Shutterstock operates an online marketplace connecting contributors who upload digital assets (images, footage, music, 3D models) with brands and businesses that license them. The company generates its primary revenue through this marketplace model, taking a cut of the licensing fees paid by users.
TJGC
2nd
Tjgc
$145.55Mn
28.54
+8.77%
+378.06%
The company has established CTRL Games, which is engaged in game publishing and the development of a mobile games platform through a development agreement with a third party.
DOYU
DouYu International Holdings
$139.12Mn
4.61
-0.22%
-38.45%
DouYu operates a game-centric livestreaming platform where the core product is a network of users, streamers, and community features. Revenue is primarily driven by user-to-streamer interactions via virtual gifts and social networking services.
DIBS
1Stdibs.Com
$133.79Mn
3.98
+0.25%
+51.33%
1stDibs operates an online marketplace that connects buyers and sellers of luxury furniture, art, and fashion, taking commissions on sales. The company explicitly states it does not take physical possession of the items, fitting the model of enabling commerce between third parties.
CTW
Ctw
$128.40Mn
2.14
+0.94%
+4.39%
CTW Cayman operates the G123.jp platform, which acts as a digital storefront and marketplace connecting game developers with players. The company earns revenue through service fees and a share of gross in-game spending from third-party developer titles, fitting the model of a digital marketplace that takes a commission on sales.
BSCL
BILI Social International
$121.17Mn
3.00
+0.00%
-40.00%
The company operates the BILI Base™ platform, which is a social commerce marketplace connecting creators and brands to facilitate the sale of products. Revenue is primarily generated through transaction-based fees on sales facilitated between these buyers and sellers.
INSE
Inspired Entertainment
$105.16Mn
3.99
-12.69%
-56.77%
The company develops and distributes a wide array of interactive entertainment software, including slots, roulette, blackjack, and random number generated casino games like 'Cops nRobbers Gold Cash'. Its Interactive segment specifically focuses on developing and distributing interactive-only content hosted on remote gaming servers for online operators.
FLX
2nd
BingEx
$101.65Mn
1.39
+18.80%
-56.01%
The company operates an on-demand delivery platform under the brand FlashEx, matching consumers and businesses with freelance riders. It uses a proprietary technology platform for dispatch and rider management to facilitate these local logistics marketplaces.
FLNT
Fluent
$97.62Mn
3.09
-2.22%
+38.57%
Fluent builds and operates the technology infrastructure for digital advertising, specifically a commerce media solutions marketplace and proprietary ad-serving technology. Its revenue model is based on performance-based metrics such as per-click, per-lead, and impression-based fees for delivering targeted advertising to brands.
GCL
GCL Global Holdings
$97.29Mn
0.76
+1.33%
-71.75%
The company is a developer, publisher, and distributor of video games, generating the vast majority of its revenue (86.8%) from the sale of titles like Black Myth: Wukong and Grand Theft Auto on consoles and PC. It operates a publishing segment that co-publishes games with international studios and a distribution segment selling physical and digital copies.
RYDE
Ryde
$90.02Mn
0.74
+8.82%
+94.74%
Ryde operates a marketplace matching consumers with driver partners for ride-hailing (RydeX, RydePOOL) and on-demand parcel delivery (RydeSEND). It earns revenue via platform fees on completed trips and a monthly subscription fee for the Ryde+ plan.
MDIA
2nd
Mediaco Holding
$83.05Mn
1.08
-0.92%
-13.60%
The company operates eight free ad-supported streaming channels and the EstrellaTV mobile app to deliver video and audio content to audiences over the internet.
TSQ
2nd
Townsquare Media
$82.19Mn
4.62
-6.48%
-31.66%
Townsquare operates a proprietary programmatic advertising platform that uses first and third-party data for audience targeting across multiple digital channels, contributing $161.2 million in revenue.
CANG
2nd
Cango
$81.37Mn
2.29
+19.27%
-89.35%
Cango operates AutoCango.com, an online international automobile trading platform that connects car buyers and dealers to facilitate vehicle transactions.
CHGG
2nd
Chegg
$78.75Mn
0.71
-2.74%
-53.29%
The company generates a portion of its academic revenue through advertising placed on its platform via partnerships with brands and programmatic networks.
GOAI
Eva Live
$76.15Mn
1.94
-7.18%
—
Eva Live operates in the demand side platform (DSP) market, providing the Eva Platform which uses AI to match advertising campaigns to ad spots and manage programmatic spending. Its core business involves building the technology pipes for buying and selling digital advertising, specifically focusing on XML traffic arbitrage and conversion mapping.
SCOR
Comscore
$73.80Mn
4.86
-1.02%
-45.70%
Comscore provides the technology infrastructure for measuring and verifying digital advertising, including campaign verification products and activation tools delivered via APIs. Its core business is providing the common standard for buyers and sellers to transact on advertising through audience measurement and reach/frequency metrics.
MLGO
2nd
MicroAlgo
$72.94Mn
3.12
-5.74%
-69.47%
The company generates revenue from the internet advertisement business by delivering ad placements for advertising integration agencies, earning fees based on the effectiveness of these placements.
DTCX
Datacentrex
$70.96Mn
1.79
-6.28%
-64.20%
Thumzup operates a social media marketing platform that connects brands with everyday consumers to create and post authentic user-generated content. The core product is a network of users (content creators) connecting with brands, which is the defining characteristic of a social media platform.
QXL
Quantum X Labs
$66.17Mn
4.63
-7.40%
+36.18%
The company's primary business is a digital advertising platform operated by Gix Media that automates and monetizes online campaigns. It generates revenue by referring user traffic to search engines like Yahoo and Bing, utilizing in-house developed fraud detection and optimization technologies.
PODC
2nd
PodcastOne
$62.38Mn
2.07
-5.91%
+23.21%
The company operates a streaming-based distribution model, making its content available via platforms like Spotify, Apple Podcasts, and Amazon Music to deliver media directly to consumers.
SEAT
Vivid Seats
$60.49Mn
3.78
+2.16%
-77.12%
Vivid Seats operates an online ticket marketplace that connects buyers and sellers of tickets for live events, earning revenue from service and delivery fees. This matches the model of a digital marketplace enabling commerce between third parties on its own platform.
MAPS
Wm Technology
$57.49Mn
0.36
-7.69%
-72.31%
The company operates the Weedmaps consumer marketplace, a two-sided platform that connects cannabis consumers with licensed retailers, delivery operators, and brands. It generates revenue from listings and promotional services on this digital storefront.
TZOO
Travelzoo
$56.38Mn
5.51
-1.25%
-44.90%
Travelzoo operates as a digital marketplace connecting travel suppliers (airlines, hotels, cruise lines) with consumers, earning commissions and fees from the sale of Getaways and Local Deals vouchers. The company's core model is enabling commerce between buyers and sellers of travel and leisure services online.
EUBG
2nd
Entrepreneur Universe Bright
$56.14Mn
0.33
+0.00%
-89.69%
The company provides ecommerce integration and digital commerce empowerment services to its clients. These services are designed to help private enterprises integrate their applications with the Chuangyetianxia platform to drive traffic and sales.
CAST
FreeCast
$55.36Mn
1.18
-0.84%
—
FreeCast operates a streaming entertainment aggregator that delivers media directly to consumers via its SmartGuide technology. It generates revenue through subscriptions for content bundles and advertising within its streaming platform.
CRGO
2nd
Freightos
$51.89Mn
1.01
-3.81%
-69.58%
The company operates a Platform segment that acts as a digital marketplace, connecting buyers (importers/exporters) and sellers (carriers and freight forwarders) of freight services to facilitate digitalized booking and payments.
MYPS
Playstudios
$50.25Mn
0.46
-4.17%
-52.58%
PLAYSTUDIOS is a developer and publisher of free-to-play casual games for mobile and social platforms, including titles like myVEGAS Slots and POP! Slots. Its primary revenue is generated through the sale of in-game virtual currency and the monetization of player engagement.
RLNDF
RoyaLand
$48.91Mn
3.50
+16.67%
—
The company is developing 'TheRoyal. Land', a mobile-first massively multiplayer online role-playing game (MMORPG). It plans to generate revenue through the sale of premium in-game accessories, virtual land, and in-app purchases of the $Royal currency.
ZDGE
Zedge
$48.55Mn
3.08
+1.65%
+4.41%
Zedge operates a digital marketplace for mobile personalization content, including wallpapers and ringtones, where users purchase premium content using Zedge Credits. This core business model connects creators with consumers of digital goods, taking a cut of the transactions.
CNVS
Cineverse
$48.49Mn
2.04
+0.99%
-41.04%
Cineverse operates a portfolio of owned and operated streaming channels such as Dove Channel, CONtv, and Midnight Pulp, delivering content via SVOD, AVOD, and linear FAST formats. It generates revenue through subscriptions and advertising from its library of over 71,000 film and television assets.
GGR
2nd
Gogoro
$46.68Mn
3.16
+3.61%
-46.80%
Through its GoShare Taiwan Limited segment, the company provides electric scooter free-float sharing services to local end customers.
SWVL
Swvl Holdings
$43.34Mn
4.35
+6.36%
+41.23%
Swvl operates a ride-hailing and delivery platform that matches passengers with minibuses and other vehicles via a mobile application. Its B2C segment generates revenue from fares paid by individual riders for dynamically routed mass transit trips.
TEAD
Teads Holding
$42.17Mn
0.43
-2.27%
-74.40%
Teads operates a digital advertising platform that connects advertisers with media owners to deliver campaigns across web, connected TV, and app environments. Its revenue is generated through models such as cost per click (CPC) and cost per thousand impressions (CPM) as it facilitates advertising spend for brands like Apple and LVMH.
CRSF
Crisp Momentum
$40.99Mn
0.02
+0.00%
-92.00%
The company operates the Crisp platform, which is described as a mobile-first streaming service delivering short-form scripted video content. It generates revenue through subscription fees and advertising-based viewing for its digital content library.
PHUN
2nd
Phunware
$40.90Mn
2.00
+1.52%
-29.33%
The company sells in-app advertising services to advertisers, charging based on impressions, clicks, or user actions, which constitutes a distinct revenue stream from its software subscriptions.
GLXZ
Galaxy Gaming
$40.82Mn
1.61
+0.62%
-42.50%
Galaxy Gaming designs and develops proprietary casino table games, side bets, and premium games such as 21+3 and EZ Baccarat. These interactive entertainment products are licensed as software and content to both land-based casinos and online iGaming platforms.
VTIX
2nd
Virtuix Holdings
$39.40Mn
1.21
+3.42%
—
The company generates recurring revenue from the sale of VR games through the Omni One game store and provides gameplay credits for its Omniverse platform.
GAIA
Gaia
$36.11Mn
1.42
+9.23%
-77.32%
Gaia operates a digital video subscription service providing a library of over 10,000 titles, including films, documentaries, and yoga classes. Its primary revenue is generated from subscription fees paid by members for access to this streaming content.
GMHS
Gamehaus Holdings
$36.08Mn
0.70
+1.45%
-50.00%
Gamehaus Holdings is a mobile game publishing company that earns the majority of its revenue from in-app purchases and advertising within its portfolio of approximately 110 mobile games. Its core business is the operation and monetization of interactive entertainment software, specifically free-to-play titles for iOS and Android.
GAFC
2nd
Guru App Factory
$35.53Mn
5.00
—
—
The company creates, publishes, and sells its own mobile applications on iOS and Google Play, earning revenue from in-app purchases, paid downloads, and branded advertisements displayed within these apps.
TOON
2nd
Kartoon Studios
$35.46Mn
0.57
-1.72%
-20.83%
The company operates its own ad-supported video on demand and distribution platforms, specifically Kartoon Channel! and Ameba TV, which deliver content directly to viewers via Roku, Apple TV, and Samsung smart TVs.
BRAG
Bragg Gaming
$34.75Mn
1.36
-0.73%
-56.83%
Bragg Gaming develops and distributes proprietary casino game titles through its in-house studios, such as Wild Streak Gaming and Atomic Slot Lab. Its core business is the creation and licensing of interactive entertainment software for online casino operators.
BODI
Beachbody Company
$34.03Mn
4.74
+3.95%
-19.66%
The company's primary revenue driver is the BODi digital platform, which provides digital streaming programs and a library of over 11,000 unique fitness videos to subscribers.
GETY
Getty Images Holdings
$33.68Mn
0.08
-42.86%
-95.96%
Getty Images operates as a digital marketplace connecting creators with buyers of visual assets through its Getty Images, iStock, and Unsplash platforms. It generates revenue via e-commerce platforms, subscription models, and a la carte purchases of photos, videos, and illustrations.
KNRX
Knorex
$31.80Mn
1.24
+300.00%
-61.25%
Knorex provides the technology infrastructure for programmatic advertising through its XPO platform, which automates advertisement purchasing and optimizes campaign performance. Its revenue model includes a percentage of advertiser spend and platform fees, matching the description of a company building the pipes and tools through which digital advertising flows.
YI
2nd
111
$31.41Mn
3.61
-2.96%
-22.70%
The company operates an online marketplace where third-party sellers list products and pay commission fees, connecting buyers and sellers of healthcare goods online.
LVO
LiveOne
$31.35Mn
2.30
-1.71%
-48.89%
LiveOne operates the Slacker music streaming service and the LiveOne live streaming platform, delivering music, podcasts, and live concerts to consumers via subscriptions and advertising. The company's core business is the aggregation and delivery of licensed and original audio/video content to a global audience.
MNY
MoneyHero
$31.20Mn
0.68
+0.00%
-53.10%
MoneyHero operates digital marketplaces that connect consumers with financial product providers for credit cards, loans, and mortgages. It generates the majority of its revenue (86.5%) through lead generation and commissions from financial institutions for approved applications.
RDCT
Vnue
$29.54Mn
0.01
+0.00%
-96.15%
VNUE operates the Set.fm mobile application and website to sell digital downloads of recorded live concerts to consumers. The company also operates the Stage It platform, which provides a live streaming ticketing service for audiences to watch concerts in real time over the internet.
SJ
Scienjoy Holding
$28.83Mn
0.69
+0.00%
+25.45%
Scienjoy Holding operates multiple mobile live streaming platforms, such as Showself and Lehai, which deliver live entertainment and social video content to end users. Its primary revenue is generated from the sale of virtual currency and items used by consumers to support broadcasters on these streaming platforms.
SST
System1
$27.60Mn
2.71
-3.90%
-62.93%
System1 provides a customer acquisition and marketing platform that matches real-time consumer intent with advertisers who bid to interact with those consumers. The company explicitly competes with demand-side platform (DSP) providers and offers APIs for clients to integrate custom features for their advertising spend.
NTRP
NextTrip
$27.21Mn
1.89
-2.07%
-43.92%
NextTrip operates a digital marketplace connecting buyers with third-party travel products, including over 4 million hotel properties and cruise products. It generates revenue through commissions on these sales and direct negotiated contracts, acting as an online travel agency (OTA) similar to Expedia and Booking.com.
AIFA
2nd
All In FutureTech Alliance
$26.84Mn
4.18
+5.56%
-26.54%
The company develops and publishes mobile games, including casual card and mahjong titles, and generates revenue from in-app purchases.
BLIV
BeLive Holdings
$25.21Mn
2.32
+0.00%
-35.01%
BeLive Holdings sells software and cloud-based platforms that enable retail companies and e-commerce marketplaces to run live commerce and shoppable short video storefronts. Its revenue model consists of onboarding fees, recurring licensing/maintenance fees, and usage fees for these merchant-facing commerce capabilities.
ANGH
Anghami
$24.61Mn
3.62
-0.28%
+22.30%
Anghami operates digital entertainment platforms for music and video streaming, specifically the Anghami app and the OSN+ app. The company generates approximately 90% of its revenue from subscriptions to these streaming plans.
MSGM
Motorsport Games
$22.45Mn
4.42
+3.27%
+57.30%
Motorsport Games is a racing game developer and publisher that creates titles such as rFactor 2, KartKraft, and Le Mans Ultimate. Its primary revenue is generated through the sale of full game titles and downloadable content via digital distribution channels like Steam.
SNAL
Snail
$21.40Mn
2.42
-3.20%
-57.54%
Snail is a developer and publisher of interactive digital entertainment, generating the bulk of its revenue from the sale of games and downloadable content, specifically through its flagship ARK franchise.
GIFT
Giftify
$21.06Mn
0.61
-8.96%
-44.04%
Giftify operates Restaurant.com and CardCash, both of which are digital marketplaces connecting buyers and sellers of discounted dining deals and unused gift cards. The company earns revenue through the sale of these deals and commissions/markups on gift card transactions.
PAYD
Paid
$20.86Mn
2.46
+2.50%
-16.89%
PAID, Inc. provides a SaaS platform that enables small and medium-sized businesses to create websites, run e-commerce operations, and build online stores. The company's core value proposition is bundling storefront creation and e-commerce management into a single integrated offering for merchants.
FENG
Phoenix New Media
$20.47Mn
1.42
+0.00%
-48.18%
Phoenix New Media operates an integrated Internet platform that delivers professional news, video, and digital reading content to consumers. Its revenue model is heavily based on advertising (89.6%) and paid subscriptions for digital content, which aligns with the streaming and digital news distribution model.
AAQL
Antiaging Quantum Living
$19.88Mn
0.58
+0.00%
-38.30%
The company operates an online advertising platform (www.dazhong368.com) where professional individuals and small businesses pay fixed fees for listings and personalized business profile hosting. This functions as a professional networking and directory platform for users to connect with end customers.
UONE
2nd
Urban One
$18.82Mn
4.21
-0.71%
-69.93%
The Digital segment, operated through Interactive One LLC, runs digital platforms and websites such as iONE Digital and HipHopWired to deliver news and entertainment content to audiences over the internet.
AVAI
2nd
Avai Bio
$18.47Mn
0.12
-7.69%
-64.71%
The company operates Thy News LLC, a news application that delivers customizable news feeds to consumers via the Apple AppStore and Google Play Market, earning revenue through optional paid subscriptions for extended functionality.
TGHL
2nd
GrowHub
$18.27Mn
0.80
+8.11%
-51.81%
GrowHub operates a product trading facilitation segment that acts as an intermediary between suppliers and retailers, earning service fees and commissions on the volume of goods placed in retail and wholesale channels.
CDLX
Cardlytics
$17.12Mn
3.14
-4.85%
-88.11%
Cardlytics operates a commerce media platform where it charges marketers fees for advertising campaigns and targeted loyalty marketing. Its core business is providing the technology infrastructure (the Cardlytics and Bridg platforms) to target buyers and measure the impact of spending using purchase data.
GIGM
Gigamedia
$14.70Mn
1.33
-6.99%
-18.90%
GigaMedia develops and operates a wide array of online games, including casual card and table games on the FunTown platform, MahJong, and role-playing games like Yume100. Its primary revenue is generated through the Item-Billing model, where users purchase virtual goods and game points for enhanced play.
HODO
House of Doge
$14.43Mn
0.17
+0.00%
-98.66%
The company operates a media tech platform centered on community engagement, social interaction, and a network of college gamers. Its core value is the network of users connecting with each other through gaming tournaments and proprietary social features like 'bragging' functionality.
WIMI
2nd
WiMi Hologram Cloud
$13.79Mn
0.75
-5.06%
-83.94%
The company operates a holographic AR advertising segment where it sells ad spaces via APIs to advertisers and agencies, specifically automating the embedding of 3D objects into streaming videos.
KDOZF
Kidoz
$13.13Mn
0.10
+0.00%
-41.18%
Kidoz operates a proprietary Safe Ad Network and the Prado exchange, generating revenue primarily through the sale of advertising impressions using CPM, CPC, and CPI models. Its core business is providing the technology infrastructure for advertisers and agencies to target and buy digital ads for children and families.
YMT
Yimutian
$12.65Mn
1.77
-2.21%
-99.60%
Yimutian operates a leading agricultural B2B marketplace via the Yimutian App, connecting farmers, producers, and traders. It generates revenue from transaction fees, membership fees, and value-added services on this digital commerce platform.
CAHO
Caro Holdings
$11.71Mn
0.39
+0.00%
-44.29%
The company generates its primary revenue from licensing a digital platform that combines ecommerce functionality, marketing, and analytics for small and medium sized retailers. This matches the description of providing storefront infrastructure and commerce tools to merchants.
SOAR
2nd
Volato
$11.14Mn
0.32
+77.78%
-79.87%
The Vaunt platform operates as a digital marketplace that connects spontaneous travelers with aviation operators to sell empty-leg private flights, generating revenue through member subscriptions.
BLIN
2nd
Bridgeline Digital
$10.33Mn
0.82
-3.53%
-39.26%
The company provides foundational infrastructure for e-commerce operations through its Unbound platform, which covers eCommerce and Web Content Management for merchants.
ARAI
2nd
Arrive AI
$9.85Mn
0.19
-5.00%
-94.74%
The company operates an Autonomous Last Mile Marketplace that enables dynamic pricing and optimization of space across its network, generating transaction-based fees by connecting delivery providers, retailers, and consumers.
MYSE
Myseum.AI
$9.61Mn
1.85
-0.54%
-17.04%
The company operates the Myseum Social Media Platform and DatChat Private Social Network, which are designed for user-generated content, social interaction, and private content sharing among families and groups.
LZMH
2nd
LZ Technology Holdings
$8.86Mn
1.15
+0.88%
-98.26%
The company operates a lifestyle services platform that connects local merchants (restaurants, hotels, retail stores) with consumers via social media platforms like WeChat and Douyin, earning commission fees from these transactions.
FNGR
2nd
FingerMotion
$8.58Mn
0.14
-6.67%
-91.08%
The company operates the DaGe platform, an online marketplace that connects vehicle owners with service providers for maintenance and accessories, earning transaction commissions and subscription fees.
RCT
RedCloud Holdings
$8.55Mn
0.19
-5.00%
-90.55%
RedCloud operates a B2B digital marketplace that connects brands, distributors, and retailers for the trading of fast-moving consumer goods (FMCG). The company earns revenue via a transaction-based fee (commission) on trades executed between these third-party buyers and sellers on its platform.
INUV
Inuvo
$8.31Mn
0.56
-1.75%
-84.62%
Inuvo provides the technology infrastructure for digital advertising, specifically an AI-driven intelligence layer for audience discovery and targeting across CTV, Video, Audio, Native, and Display channels. Its revenue is derived from technology licensing and performance-based arrangements tied to ad campaign outcomes for agencies, brands, and large advertising platforms.
SCGY
Scientific Energy
$7.90Mn
0.03
+0.00%
-88.46%
The company's largest revenue driver is its food ordering and delivery platform in Macau, which generates $43.5 million in revenue from merchant commissions and delivery fees. This platform matches consumers with merchants for food and grocery delivery, fitting the description of a ride-hailing and delivery marketplace.
GITS
Global Interactive Technologies
$7.57Mn
2.06
+1.48%
-13.45%
The company operates the Faning application, a social networking platform where users join interest-based clubs, participate in real-time chats, and share user-generated content. Its core value is the network of global fans of Korean culture connecting with each other.
SLE
Super League Enterprise
$7.52Mn
4.51
-10.34%
-93.05%
Super League builds and operates a data and activation platform that utilizes behavioral and psychographic signals to drive marketing outcomes for brands. Its revenue is derived from the technology pipes of interactive ad formats, such as playable ads and rewarded video, and the distribution of these campaigns across gaming and social environments.
SPST
2nd
Superstar Platforms
$7.29Mn
0.04
+33.33%
-55.56%
The company is developing PawnTrust, a mobile marketplace designed exclusively for pawn shops to facilitate the buying, borrowing, and bartering of items between operators and customers.
PAVS
Paranovus Entertainment Technology
$6.57Mn
4.38
-0.90%
-100.00%
The company's AI Entertainment segment, operated through 2Lab3, focuses on developing AI-powered mobile games such as '10,000 Lives'. It intends to generate revenue from game sales in app stores, in-app purchases, and microtransactions.
DSNY
Destiny Media Technologies
$6.55Mn
0.68
+0.00%
+74.36%
The company operates the Play MPE platform, which is a digital distribution service delivering broadcast-quality audio, video, and promotional content from record labels and artists to music curators and broadcasters. This matches the description of a streaming or digital content distribution service delivering media over the internet.
JWEL
2nd
Jowell Global
$6.06Mn
2.55
-2.30%
+43.26%
Jowell Global operates the LHH Mall, an online marketplace that hosts third-party manufacturers and collects service fees from these merchants, matching the digital marketplace model.
GXAI
2nd
Gaxos.Ai
$5.91Mn
0.55
-3.51%
-67.46%
The company develops and manages proprietary AI-enhanced games, such as Space Striker AI and Brawl Bots, and generates revenue from these interactive entertainment titles.
MMA
2nd
Mixed Martial Arts
$5.48Mn
0.42
+0.00%
-72.19%
The company operates MixedMartialArts.com, which includes the Underground forum and a community hub for news and networking, attracting millions of followers and hosting over 530,000 user profiles.
CHAI
2nd
Core AI Holdings
$5.38Mn
0.27
+0.00%
-97.09%
The company operates a mobile gaming segment that develops, publishes, and monetizes casual mobile games, generating revenue through ad impressions and downloads from over 40 million monthly active users.
VS
2nd
Versus Systems
$5.16Mn
1.04
-5.45%
-51.40%
The company develops and licenses 'Winfinite Games,' a suite of customizable web-based casual games including sports, match-3, and trivia, which are sold as a product to enhance brand engagement.
AUUD
Auddia
$5.06Mn
1.21
+6.14%
-92.46%
Auddia operates the faidr app, which provides ad-free AM/FM radio streaming and personalized content delivery to consumers. This matches the description of a streaming service delivering media directly to audiences over the internet.
GIBO
2nd
Gibo Holdings
$4.83Mn
32.15
+0.16%
-49.77%
The company operates GIBO.ai, an AI-generated content animation streaming platform where users view and share animated stories, and management intends to monetise this via subscriptions and pay-per-view.
LCFY
2nd
Locafy
$4.28Mn
2.38
-5.74%
-67.17%
The company owns and operates a network of directory assets such as Hotfrog, AussieWeb, PinkPages, SuperPages, and Scoop, which contain over 60 million business listings and generate advertising revenue from placements.
AMOD
2nd
Alpha Modus Holdings
$3.32Mn
1.57
-4.85%
-96.67%
The company licenses its intellectual property to advertising technology providers and digital media platforms to enable personalized marketing and dynamic digital engagement in retail settings.
DKI
DarkIris
$3.27Mn
2.60
-5.11%
-75.24%
DarkIris develops, publishes, and operates mobile digital games, earning revenue from the sale of in-game virtual items. Its Quantum segment specifically focuses on game design, programming, and the operation of both self-developed and licensed titles.
KWIK
KwikClick
$2.73Mn
0.70
+0.00%
-69.57%
KwikClick operates a digital marketplace at Kwik.com that connects sellers of products and services with buyers, facilitating transactions and collecting fees or commissions. The profile explicitly describes its core activity as connecting sellers with buyers via a digital marketplace to stimulate sales volume.
NCRA
2nd
Nocera
$2.68Mn
1.72
-4.44%
-96.53%
The company's E-Commerce segment acts as an agent for third-party product sales on live-streaming platforms, earning commissions by connecting buyers and sellers without taking ownership of inventory.
KRFG
2nd
King Resources
$2.50Mn
0.23
+0.00%
-23.33%
The company operates an online trading platform for collectibles and intends to open this platform to third-party sellers, who will pay platform and transaction fees to list their items.
TGL
Treasure Global
$2.50Mn
1.49
-30.05%
-93.79%
Treasure Global operates an online-to-offline electronic commerce platform (the ZCITY App) that connects consumers with merchants to facilitate the sale of goods and services. The company earns transaction revenue and fees from merchants, fitting the model of a digital marketplace that enables commerce between buyers and sellers.
NEGG
2nd
Newegg Commerce
$2.21Mn
13.04
-3.55%
-67.38%
The company operates a Marketplace segment that enables over 5,200 third-party sellers to list and sell products, with Newegg earning revenue through commissions and fees on these transactions.
TGNT
2nd
Totaligent
$1.73Mn
0.01
+0.00%
-75.00%
The company operates a white-label programmatic ad platform and connects to over forty network publishers to deliver micro-targeted display advertising, which constitutes the technology infrastructure for buying and selling digital ads.
IPDN
2nd
Professional Diversity Network
$1.66Mn
3.89
-13.56%
+4.01%
The company operates a remote-hiring marketplace via RemoteMore USA that connects companies with vetted software developers, taking a role in enabling commerce between buyers and sellers of professional services online.
LTESF
Leet
$1.51Mn
0.01
+0.00%
—
Leet operates the Matchroom.net community gaming platform and provides eSports tournament services. Its revenue is driven by subscription-based tournament passes sold to end users for interactive entertainment.
BRVO
Bravo Multinational
$1.43Mn
0.03
+0.00%
-50.00%
Bravo Multinational is developing an over-the-top streaming platform to deliver movies, series, concerts, and original programming to viewers via the internet. The company's revenue model is based on advertising-supported video on demand (AVOD) and potential premium subscription tiers.
GDC
2nd
GD Culture
$1.23Mn
1.26
-7.35%
-99.91%
The company operates a live streaming segment that delivers real-time video content to consumers and is transitioning toward an interactive reading and narrative entertainment platform.
SEGG
Sports Entertainment Gaming Global
$1.22Mn
2.43
-15.33%
-92.22%
The company operates a B2C Platform and a B2B API that enable users and commercial partners to purchase and resell lottery games, acting as a digital marketplace connecting users to lottery products. This core business model of enabling commerce between buyers and sellers of digital lottery tickets fits the Digital Marketplaces category.
DWAY
Driveitaway Holdings
$1.22Mn
0.01
+0.00%
-80.00%
DriveItAway operates a digital marketplace platform that connects automotive dealers with consumers, enabling the sale of vehicles via an eCommerce mobility platform. The company earns revenue from service fees paid by dealers who license the platform to offer subscription programs to their customers.
DRCT
Direct Digital Holdings
$1.12Mn
1.52
-3.18%
-97.81%
The company operates the Colossus SSP, a proprietary programmatic supply-side platform that enables real-time bidding and monetization of advertising inventory for publishers. This fits the description of building the technology infrastructure (SSPs and ad servers) through which digital advertising flows.
ASFT
Appsoft Technologies
$1.12Mn
0.25
+0.00%
+0.00%
AppSoft's primary business is the development, publishing, and marketing of mobile game applications for iOS and Android, generating revenue from paid downloads and in-game advertisements.
MYSZ
My Size
$981.70K
1.63
-5.23%
-82.73%
The company's core identity is a fashion technology platform, specifically through Naiz Fit, which provides a B2B SaaS platform for e-commerce hubs, size recommendations, and virtual try-ons for brands like Levi's and Moschino. This software is sold to merchants to help them run their online stores and reduce returns.
AMZE
Amaze Holdings
$961.85K
0.13
-7.14%
-99.21%
Amaze Holdings provides a commerce platform that enables creators and brands to design, launch, market, and fulfill products, offering tools for storefront creation and order fulfillment. Its revenue is primarily generated from e-commerce subscriptions, platform access fees, and transaction processing.
TNMG
2nd
TNL Mediagene
$943.59K
4.39
+0.00%
-19.30%
The Technology Business supplies proprietary advertising networks and ad tech tools that enable data-driven advertising and retail media solutions for external corporate clients.
TRSO
2nd
Transuite.Org
$728.42K
0.18
+0.00%
-95.14%
The company operates a marketplace that connects freelance translators with clients, earning revenue through marketplace fees on completed transactions and fees from translators for premium profile features.
AERA
2nd
AI Era
$696.20K
0.12
+0.00%
-70.00%
The company licenses its NFT MMM marketplace app and website to third-party partners, such as Anyone Pictures Limited, for their own NFT offerings.
PNYG
Pony
$690.00K
0.06
+0.00%
-66.67%
Pony Group operates as an intermediary platform that matches customers (business companies and travel agencies) with local car fleet operators for airport transfers and personal driver services. It generates revenue via a service fee (5-15%) on each transaction, which is the classic revenue model for a ride-hailing and delivery marketplace.
CHR
Cheer Holding
$578.34K
1.63
-2.40%
-98.62%
The company operates the CHEERS ecosystem, which includes a video platform, social networking features (CheerChat), and a large user base of 550 million downloads used for social interaction and content consumption. Revenue is primarily generated from advertising placed on these video and live streaming platforms.
GTIC
2nd
Greentech Innovations
$527.63K
0.87
+16.00%
+987.50%
The company owns and operates international online travel and hospitality web portals that act as fare aggregators and metasearch engines, connecting users with flights and hotels to identify economical options.
KUST
2nd
Kustom Entertainment
$521.54K
0.63
+0.00%
-97.82%
The company operates TicketSmarter.com, a digital marketplace that connects buyers and sellers of tickets for concerts, sports, and theatre.
AEHL
Antelope Enterprise Holdings
$392.69K
8.23
-12.07%
-97.23%
The company's primary revenue comes from its livestream ecommerce business, which connects consumer goods brands and merchants with influencers to facilitate sales, earning a 15% to 30% service fee. This matches the model of a digital marketplace enabling commerce between buyers and sellers.
UZX
Linkage Global
$352.65K
1.40
-4.76%
-30.35%
The company's largest revenue stream (73%) comes from fully managed ecommerce operation services, where it handles store setup, promotion, and customer care for sellers on platforms like Rakuten and Amazon. It also provides proprietary tools and software support to help merchants manage and grow their online stores.
LMMY
2nd
Exousia Bio
$335.30K
0.02
+0.00%
-88.89%
The company's primary product is a video game that combines gaming with education to deliver an immersive learning experience. The business model includes earning commissions from virtual property transactions conducted within the game environment.
YHC
2nd
LQR House
$280.53K
1.31
+0.77%
-98.48%
The company operates the CWSpirits.com marketplace, an electronic commerce platform that connects buyers and sellers of spirits, wines, and champagnes.
YTRA
2nd
Yatra Online
$269.65K
0.96
-3.03%
-32.87%
The company operates a digital marketplace that connects travelers with third-party service providers (airlines, hotels, and transport operators), taking a commission or markup on the transactions facilitated through its platform.
MI
Nft
$249.12K
2.30
-4.17%
-38.50%
The company operates an electronic online platform that connects artists, art dealers, and investors to trade ownership of artwork via NFTs, generating revenue from trading commissions on listings and trades. This matches the model of a digital marketplace enabling commerce between buyers and sellers of digital goods.
MNDR
2nd
Mobile-health Network Solutions
$191.92K
1.30
-4.41%
-94.16%
The MaNaShop ecommerce platform operates a marketplace model where retail shoppers can purchase health and wellness products.
TRUG
TruGolf Holdings
$145.22K
0.27
-3.57%
-98.97%
TruGolf develops and licenses the E6 CONNECT and E6 GOLF software suites, which provide course play, online events, and interactive entertainment for golf simulation. This software is a core revenue driver and defines the company's integrated ecosystem.
TAOP
2nd
Taoping
$110.60K
0.52
-7.14%
-82.78%
The company operates a cloud-based new media sharing platform that delivers advertisements to display terminals and vehicular terminals, providing big data analysis to optimize advertisement placement.
OCG
Oriental Culture Holding
$29.29K
1.46
-2.67%
-99.94%
The company operates the China International Assets and Equity of Artworks Exchange Limited platform, which connects buyers and sellers of collectibles, artwork, and commodities. It generates revenue primarily from fees charged on trades executed via this digital marketplace.
FRGT
Freight Technologies
$22.34K
0.33
-5.71%
-98.95%
The company operates a digital freight matching platform (FreightApp) that connects shippers with carriers, earning transaction-based fees when loads are matched and shipments completed. This matches the model of a marketplace for on-demand transport of goods.
YYAI
2nd
Airwa
$20.06K
0.86
+8.86%
-100.00%
The company operates a Social Networking segment that develops a vertical for TikTok users in the MENA region, focusing on influencer-driven user-generated content, live streaming, and voice chat rooms.
PICS
2nd
PicS
$1.66K
8.32
-4.26%
—
The company operates the PicPay Shop, an in-app marketplace that connects consumers with merchants for digital goods, travel, and entertainment.
BMTM
2nd
Bright Mountain Media
$0.00
0.00
—
-100.00%
The company has an Advertising Technology segment that uses a proprietary technology stack to facilitate the real-time exchange of advertisements between demand-side and supply-side platforms.
CLOW
2nd
Cloudweb
$0.00
0.00
—
-100.00%
The company intends to monetize its free hosting solutions by attracting advertisers and generating revenue based on impressions or clicks from users of those platforms.
CWNOF
Chineseworldnet Com
$0.00
0.00
—
-100.00%
The company operated a financial web portal under the ChineseWorldNet.com brand, which served as a platform for individual and institutional investors to access market information. This network-based delivery of financial content and user interaction aligns with the social and professional networking aspects of a digital platform.
EZOO
Ezagoo
$0.00
0.00
—
-100.00%
The company generates advertisement income from displaying ads on its Xindian mobile application, serving advertisers seeking to promote products to Chinese mobile users.
FRZT
Freeze Tag
$0.00
0.00
—
-100.00%
Freeze Tag develops and publishes free-to-play mobile social games like Munzee and WallaBee. Its primary revenue is generated through the sale of virtual goods and premium features within these interactive entertainment applications.
GBUX
2nd
Givbux
$0.00
0.00
—
-100.00%
The company integrates a social networking layer within its app, allowing users to chat and interact, which constitutes a distinct social interaction capability beyond simple payments.
GMER
Good Gaming
$0.00
0.00
—
-100.00%
Good Gaming sells pre-install game placements to developers and publishers to drive user acquisition, which is a form of digital advertising and distribution technology. Its revenue model is based on fees or revenue sharing from these placements, acting as the technology pipe between developers and device users.
IMTH
AnTix Holdings
$0.00
0.00
—
-100.00%
The company operates a ticketing platform for live events, such as concerts and sports, generating revenue from service fees and transaction charges paid by event organizers and ticket buyers. This matches the model of a digital marketplace connecting buyers and sellers of tickets.
NNAX
New Momentum
$0.00
0.00
—
—
The company operates Gagfare.com, an online ticketing platform that connects buyers (individual travelers and travel agencies) with flight inventory from global distribution systems, earning revenue through booking fees and margins on fares.
SEII
Sharing Economy International
$0.00
0.00
—
—
The company operates ECrent.com, an online rental classified platform that connects buyers and sellers of rental products and services worldwide. It functions as a digital marketplace enabling B2B, B2C, and C2C transactions by allowing users to list and search for rental items.
SOPAQ
Society Pass
$0.00
0.00
—
-100.00%
The company operates a digital ecosystem and loyalty platform that includes the Leflair online marketplace, where it connects buyers and sellers of high-end apparel and lifestyle products, earning margins on sales and promotional fees from vendors.
