Communication Services

73 companies in 6 industries · $1.50T combined revenue · $339B operating profit

4.6%Median revenue growth
-0.2%Median earnings growth
13%Median operating margin
8.4%Median ROCE
16%Companies with net cash

Growth engines: the 4 Cylinders

All four working: 7% of companies

A company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.

  • Sales growth · Revenue up 10% or more29%
  • Operating leverage · Operating income growing faster than a growing revenue50%
  • Margin expansion · Operating margin up 1 point or more53%
  • Debt reduction · Debt down 5% or more, or net cash42%

Industries in Communication Services

All 73 communication services companies

Median–4.6%-0.2%13%8.4%0.84x
GOOGLAlphabet · Internet content & information$403B15.1%▲32%▲32%▲26.2%▲0.12x▲
METAMeta Platforms · Internet content & information$201B22.2%▲-3.1%▼41.4%▲25.7%▲0.27x▲
NFLXNetflix · Entertainment$45.2B15.9%▲26.1%▲29.5%▲29.9%▲0.54x▲
DISWalt Disney · Entertainment$94.4B3.4%▼149%▲18.6%▲10.7%▲0.38x▲
VZVerizon Communications · Telecom services$138B2.5%▼-1.9%▼21.2%▲8.6%▲1.50x▼
TMUST-Mobile US · Telecom services$88.3B8.5%▲-3.1%▼20.7%▲9.4%▲1.46x▼
TAT&T · Telecom services$126B2.7%▼101%▲19.2%▲6.6%▼1.14x▼
SPOTSpotify Technology · EntertainmentEUR 17.2B9.7%▲94.4%▲12.8%▼24.6%▲0.18x▲
CMCSAComcast · Telecom services$124B-0%▼23.5%▲16.7%▲8.6%▲1.02x▼
AMXAmerica Movil Sab de CV/ · Telecom servicesMXN 944B8.6%▲219%▲20.3%▲14.7%▲1.45x▼
TRIThomson Reuters · Publishing$7.5B3%▼-31.9%▼28.5%▲14.7%▲0.18x▲
LYVLive Nation Entertainment · Entertainment$25.2B8.8%▲-44.7%▼5%▼10.5%▲28x▼
CHTChunghwa Telecom · Telecom servicesTWD 236B2.7%▼5.1%▲20.6%▲10.7%▲0.01x▲
VODVodafone Group Public · Telecom servicesEUR 37.4B2%▼-349%▼-1.1%▼–1.01x▼
SKYDSkydance · Broadcasting$29.2B-1.5%▼–-18%▼-14.4%▼0.89x▼
RDDTReddit · Internet content & information$2.2B69.4%▲–20.1%▲14.9%▲–
BIDUBaidu · Internet content & informationCNY 129B-3%▼-76.5%▼-4.5%▼-1.6%▼0.16x▲
FOXAFox · Broadcasting$17.1B5.1%▲-24.7%▼––0.57x▲
ECHOEchoStar · Telecom services$15.0B-5.2%▼–-118%▼-57.8%▼3.24x▼
ROKUROKU · Entertainment$4.7B15.2%▲–-0.1%▼-0.2%▼–
OMCOmnicom · Advertising agencies$17.3B10.1%▲-104%▼2.6%▼1.8%▼0.77x▲
FWONALiberty Media · Broadcasting$4.5B22.7%▲–12.9%▼4%▼0.66x▲
BCEBCE · Telecom servicesCAD 24.5B0.2%▼1637%▲38.8%▲14.1%▲1.78x▼
RCIRogers Communications · Telecom servicesCAD 21.7B5.4%▲298%▲45.2%▲13.2%▲2.25x▼
ASTSAST SpaceMobile · Telecom services$71M413%▲–––0.93x▼
NWSANEWS · Publishing$9.0B6.8%▲-51.4%▼––0.23x▲
TMETencent Music Entertainment · BroadcastingCNY 32.9B15.8%▲59.7%▲40.6%▲15.2%▲–
TIGOMillicom International Cellular · Telecom services$5.8B0.3%▼408%▲28.2%▲–1.89x▼
CHTRCharter Communications · Telecom services$54.8B-0.6%▼-1.9%▼23.6%▲9.2%▲5.90x▼
SKMSK Telecom · Telecom servicesKRW 17.10T-4.7%▼-73%▼6.1%▼4.4%▼0.00x▲
TUTELUS · Telecom servicesCAD 20.5B0.6%▼-17.2%▼11.5%▼4.7%▼1.80x▼
PINSPinterest · Internet content & information$4.2B15.8%▲-77.6%▼7.6%▼6.4%▼–
NYTNew York Times · Publishing$2.8B9.2%▲17.1%▲15.3%▲18.5%▲–
GSATGlobalstar · Telecom services$273M9%▲–2.7%▼0.4%▼1.36x▼
PSOPearson · PublishingGBP 3.6B0.7%▼-22.8%▼14.2%▲–0.41x▲
SNAPSnap · Internet content & information$5.9B10.6%▲–-9%▼-8.3%▼1.55x▼
MTCHMatch · Internet content & information$3.5B0.2%▼11.3%▲25%▲25.3%▲–
SIRISirius XM · Broadcasting$8.6B-1.6%▼–17.2%▲6.2%▼0.75x▲
TIMBTIM · Telecom servicesBRL 26.6B4.6%▲36.7%▲23.8%▲15.2%▲0.12x▲
KTKT · Telecom servicesKRW 28.25T7.1%▲349%▲8.9%▼8.1%▼0.61x▲
VSATViasat · Telecom services$4.6B2.7%▼–2.3%▼0.8%▼1.38x▼
BZKanzhun · Internet content & informationCNY 8.3B12.4%▲72.6%▲29.8%▲12.2%▲–
BILIBilibili · Internet content & informationCNY 30.3B13.1%▲–3.7%▼5.4%▼0.52x▲
WPPWPP · Advertising agenciesGBP 13.6B-8.1%▼-127%▼2.8%▼–1.94x▼
VEONVEON · Telecom services$4.4B9.9%▲21.4%▲32.7%▲24.9%▲2.35x▼
NXSTNexstar Media · Broadcasting$4.9B-8.5%▼-84.9%▼17.2%▲8.4%3.07x▼
IRDMIridium Communications · Telecom services$872M4.9%▲1.4%▲27.1%▲9.8%▲3.81x▼
LUMNLumen Technologies · Telecom services$11.3B-6.6%▼–-7.2%▼-2.7%▼–
CNKCinemark · Entertainment$3.1B2.1%▼-55.4%▼9.5%▼––
TKCTurkcell Iletisim Hizmetleri A S · Telecom servicesTRY 241B10.7%▲-42.8%▼15.9%▲9.4%▲0.61x▲
VSNTVersant Media · Broadcasting$6.7B-5.3%▼-31.8%▼19%▲10.9%▲0.10x▲
JOYYJOYY · Internet content & information$2.1B-5.1%▼–2.6%▼0.8%▼–
TDSTelephone & Data Systems · Telecom services$1.1B-9%▼–-9.1%▼-1.2%▼0.17x▲
SRADSportradar · Internet content & informationEUR 1.3B16.6%▲198%▲15.9%▲8.9%▲0.06x▲
LIONLionsgate Studios · Entertainment$2.6B1.8%▼–3.7%▼4.3%▼–
PPLIPeople · Internet content & information$2.4B-8.7%▼–-4.1%▼-1.5%▼0.30x▲
ADArray Digital Infrastructure · Telecom services$163M-95.6%▼–-56.8%▼-2.1%▼0.26x▲
IHSIHS · Telecom services$1.6B3.6%▼–51.9%▲25%▲–
LBTYALiberty Global · Telecom services$4.9B12.4%▲-550%▼-0.5%▼-0.1%▼0.88x▼
KYIVKyivstar · Telecom services$1.2B25.9%▲-56.2%▼23.7%▲16.9%▲–
CARGCarGurus · Internet content & information$907M13.7%▲643%▲27%▲43.5%▲0.00x▲
AMCAMC Entertainment · Entertainment$4.8B4.6%–-0.4%▼-0.3%▼–
GRNDGrindr · Internet content & information$440M27.6%▲–28.7%▲28.3%▲8.42x▼
WLYJohn Wiley & Sons · Publishing$1.7B-0.1%▼163%▲16.5%▲15.3%▲0.81x▲
MHMcGraw Hill · Publishing$2.1B0.1%▼–13.2%▲6.6%▼3.54x▼
RUMRUM · Internet content & information$101M5.4%▲–-126%▼-43.4%▼–
ATHMAutohome · Internet content & informationCNY 6.5B-8.3%▼-14.2%▼11.9%▼3.1%▼–
TSATTelesat · Telecom servicesCAD 418M-26.8%▼–-72.7%▼-9.2%▼6.58x▼
CALXCALIX · Telecom services$1.0B20.3%▲–2.1%▼2.3%▼–
STGWStagwell · Advertising agencies$2.9B2.4%▼1188%▲5.5%▼5.8%▼1.75x▼
DVDoubleVerify · Internet content & information$748M13.9%▲-9.9%▼10.6%▼6.4%▼–
IDTIDT · Telecom services$1.3B5.4%▲13.8%▲9.3%▼29.4%▲–
DJTTrump Media & Technology · Internet content & information$4M1.8%▼–-15561%▼-34.7%▼0.58x▲

▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).