2024 Digital Media M&A Report

FE Digital Media Deals 2023

FE is a leader in the digital media space and is an advisor on more transactions than any other firm. What we’ve seen so far this year is a trend matching the larger market: stabilizing multiples and increasing deal volume.

Digital Media Aggregate Deal Value

800%

56%

700%

600%

500%

400%

300%

200%

100%

0%

2022 H1

2022 H2

2023 H1

2023 H2

The aggregate transaction value of completed Digital Media transactions by FE has increased by nearly 56% compared to the same period in 2022. At the same time, FE has persistently moved up market expanding its view into a larger portion of the media landscape.

Average Deal Size

145%

140%

135%

130%

125%

120%

115%

110%

105%

100%

2021

2022

2023

The average expected deal size of FE listings has increased steadily even as the broader market saw setbacks in 2022. We expect this to continue into 2024 as market activity continues to rebound across the board.

FE International

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2024 Digital Media M&A Report

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