Report: Digital Commerce
Current Trends and Figures

Digital Commerce Report 2H2022

Between 2020 and 2022, we reported record after record transaction volumes in Digital Commerce. 

Our most recent analysis shows that Q1 2022 marked the last spike in deal volume, before digital commerce deal-making slowed down dramatically in Q2 and Q3 2022.

The year 2022 has seen huge changes in the Digital Commerce market. As Covid-19 restrictions loosened, spending patterns shifted away from online retail and back to brick-and-mortar stores and services. More broadly, Q1 2022 saw several geopolitical and macroeconomic events make the headlines.

These turbulent times have marred the value of digital commerce stocks and damaged fundraising valuations. 

How has this affected the Digital Commerce M&A market and what are the prospects for this sector in 2023 and beyond? 

Read the report for more details, including analysis of specific acquisitions, deal count, M&A value, revenue- and EBITDA-based valuations, trends, largest deals and top acquirers.

Hampleton’s Digital Commerce report focuses on subsectors such as Agencies & Service Providers; Digital Commerce Software; Internet Services & Portals; Online Retail; Media, Social & Gaming. The report includes:

  • Trends and analysis of deal activity
  • Deal geography
  • Top acquirers
  • Valuation metrics

Top Buyers

accenture-logo Klarna Microsoft

The above graph covers the period between January 2016 and September 2022. Throughout the M&A report, median “trailing 30-month” multiples plotted in the graphs refer to the 30-month period prior to and including the half year or quarter.


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To read more about current M&A activity in the Digital Commerce sector, download the latest report below.

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