// SECTOR DOSSIER
Media Unicorns
Every Media unicorn we track — 22 private companies valued $1B or more, tiered by paper valuation. Combined balance sheet myth: $171B.
TIER 1 // APEX TARGETS
The Hectacorns $100B+ · 1
TIER 2 // PRIORITY TARGETS
The Decacorns $10B – $99B · 2
TIER 3 // STANDING HORDE
The Unicorn Herd $1B – $9.9B · 19
- Dailyhunt$5BINDIA
- Clubhouse$4BUNITED STATES
- Suno$2.5BUNITED STATES
- Roku, Inc.$2.1BUNITED STATES
- DouYu$1.5BCHINA
- Suning Sports$1.47BCHINA
- Deezer$1.4BFRANCE
- Epidemic Sound$1.4BSWEDEN
- RIDI$1.33BSOUTH KOREA
- DistroKid$1.3BUNITED STATES
- Insider$1.22BSINGAPORE
- SmartNews$1.1BJAPAN
- Substack$1.1BUNITED STATES
- JoyTunes$1BISRAEL
- DXY$1BCHINA
- Vox Media$1BUNITED STATES
- Yidian Zixun$1BCHINA
- Asia First Media$1B
- Shazam$0B