Top Communication Services Stocks by Operating Margin
Top communication services companies ranked by operating margin, latest annual filings.
What Operating Margin Means for Communication Services Companies
Operating margin in communication services spans a very wide range because the sector pulls together two quite different business models. Digital advertising platforms and interactive entertainment firms, carrying asset-light cost structures, tend to post operating margins near the top of the listed universe. Legacy wireline and wireless carriers earn solid but noticeably thinner margins weighed down by network depreciation. Cable operators, streaming services, and film studios sit somewhere in between, depending on content amortization and subscriber economics.
Why It Matters in Communication Services
For ad-driven platforms, operating margin shows how much scale and network effect the business has extracted, once the bulk of product and infrastructure spend has been built. For telcos, it reflects pricing discipline against heavy depreciation on the network. Still, content amortization schedules and capitalized programming costs can swing reported operating margin meaningfully, and advertising cyclicality means digital platforms look structurally more profitable in a strong ad market than through a weak one.
What to Read Alongside
Pair operating margin with [Revenue](/financials/top-revenue-stocks/communication-services/) to separate scale from profitability, [EBITDA](/financials/top-ebitda-stocks/communication-services/) to strip out heavy network and content amortization, and [Free Cash Flow](/financials/top-free-cash-flow-stocks/communication-services/) to see whether reported operating profit converts into cash.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | APP | AppLovin Corporation | Communication Services | 75.75% | $187.75B |
| 2 | META | Meta Platforms, Inc. | Communication Services | 41.44% | $1593.04B |
| 3 | GOOG | Alphabet Inc. | Communication Services | 32.03% | $4473.87B |
| 4 | NTES | NetEase, Inc. | Communication Services | 31.82% | $78.64B |
| 5 | AREN | The Arena Group Holdings, Inc. | Communication Services | 30.25% | $0.07B |
| 6 | NFLX | Netflix, Inc. | Communication Services | 29.49% | $343.43B |
| 7 | MSGM | Motorsport Games Inc. | Communication Services | 28.76% | $0.02B |
| 8 | IRDM | Iridium Communications Inc. | Communication Services | 27.07% | $5.51B |
| 9 | WB | Weibo Corporation | Communication Services | 26.45% | $1.93B |
| 10 | CHTR | Charter Communications, Inc. | Communication Services | 23.57% | $15.87B |
| 11 | RSVR | Reservoir Media, Inc. | Communication Services | 21.76% | $0.67B |
| 12 | VZ | Verizon Communications Inc. | Communication Services | 21.17% | $187.36B |
| 13 | TMUS | T-Mobile US, Inc. | Communication Services | 20.70% | $191.57B |
| 14 | IMAX | IMAX Corporation | Communication Services | 20.53% | $2.15B |
| 15 | TTD | The Trade Desk, Inc. | Communication Services | 20.35% | $9.89B |
| 16 | RDDT | Reddit, Inc. | Communication Services | 20.07% | $35.40B |
| 17 | CCO | Clear Channel Outdoor Holdings, Inc. | Communication Services | 19.36% | $1.23B |
| 18 | T | AT&T Inc. | Communication Services | 19.23% | $158.21B |
| 19 | VSNT | Versant Media Group, Inc. | Communication Services | 19.02% | $5.69B |
| 20 | DIS | The Walt Disney Company | Communication Services | 18.59% | $172.51B |
| 21 | CHR | Cheer Holding, Inc. | Communication Services | 17.66% | $0.00B |
| 22 | TKO | TKO Group Holdings, Inc. | Communication Services | 17.63% | $15.18B |
| 23 | SIRI | Sirius XM Holdings Inc. | Communication Services | 17.19% | $9.35B |
| 24 | NXST | Nexstar Media Group, Inc. | Communication Services | 17.15% | $5.53B |
| 25 | CMCSA | Comcast Corporation | Communication Services | 16.71% | $83.34B |
| 26 | UPWK | Upwork Inc. | Communication Services | 16.41% | $1.08B |
| 27 | TGNA | Tegna Inc | Communication Services | 16.33% | $3.24B |
| 28 | EA | Electronic Arts Inc. | Communication Services | 15.43% | $51.00B |
| 29 | NYT | The New York Times Company | Communication Services | 15.28% | $12.18B |
| 30 | MGNI | Magnite, Inc. | Communication Services | 13.67% | $2.13B |
| 31 | WLYB | John Wiley & Sons, Inc. | Communication Services | 13.20% | $2.26B |
| 32 | MOMO | Hello Group Inc. | Communication Services | 13.07% | $0.84B |
| 33 | MSGE | Madison Square Garden Entertainment Corp. | Communication Services | 12.95% | $3.37B |
| 34 | FWONA | Formula One Group | Communication Services | 12.87% | $19.84B |
| 35 | GTN | Gray Media, Inc. | Communication Services | 12.67% | $0.41B |
| 36 | ZD | Ziff Davis, Inc. | Communication Services | 12.62% | $1.77B |
| 37 | YELP | Yelp Inc. | Communication Services | 12.60% | $1.30B |
| 38 | GOGO | Gogo Inc. | Communication Services | 12.53% | $0.56B |
| 39 | ATHM | Autohome Inc. | Communication Services | 11.92% | $2.02B |
| 40 | RDCM | RADCOM Ltd. | Communication Services | 11.61% | $0.24B |
| 41 | IAS | Integral Ad Science Holding Corp. | Communication Services | 11.39% | $1.74B |
| 42 | IPG | The Interpublic Group of Companies, Inc. | Communication Services | 11.25% | $8.93B |
| 43 | DV | DoubleVerify Holdings, Inc. | Communication Services | 10.58% | $1.62B |
| 44 | CRTO | Criteo S.A. | Communication Services | 10.43% | $0.87B |
| 45 | WMG | Warner Music Group Corp. | Communication Services | 10.35% | $15.65B |
| 46 | TSQ | Townsquare Media, Inc. | Communication Services | 10.34% | $0.12B |
| 47 | CNVS | Cineverse Corp. | Communication Services | 10.14% | $0.06B |
| 48 | UCL | uCloudlink Group Inc. | Communication Services | 9.78% | $0.04B |
| 49 | SSP | The E.W. Scripps Company | Communication Services | 8.56% | $0.31B |
| 50 | GETY | Getty Images Holdings, Inc. | Communication Services | 8.55% | $0.33B |
| 51 | EVER | EverQuote, Inc. | Communication Services | 8.42% | $0.68B |
| 52 | CARS | Cars.com Inc. | Communication Services | 8.33% | $0.52B |
| 53 | IDT | IDT Corporation | Communication Services | 8.15% | $1.38B |
| 54 | NRDS | NerdWallet, Inc. | Communication Services | 7.79% | $0.54B |
| 55 | PINS | Pinterest, Inc. | Communication Services | 7.58% | $12.09B |
| 56 | SSTK | Shutterstock, Inc. | Communication Services | 7.58% | $0.48B |
| 57 | TZOO | Travelzoo | Communication Services | 7.53% | $0.10B |
| 58 | SOGP | Sound Group Inc. | Communication Services | 6.99% | $0.05B |
| 59 | CXDO | Crexendo, Inc. | Communication Services | 6.88% | $0.29B |
| 60 | ANGI | Angi Inc. | Communication Services | 6.35% | $0.26B |
| 61 | FYBR | Frontier Communications Parent, Inc. | Communication Services | 5.95% | $9.64B |
| 62 | AMCX | AMC Global Media Inc. | Communication Services | 5.77% | $0.43B |
| 63 | STGW | Stagwell Inc. | Communication Services | 5.47% | $1.66B |
| 64 | SBGI | Sinclair, Inc. | Communication Services | 5.46% | $1.00B |
| 65 | LFS | Leifras Co., Ltd. | Communication Services | 5.35% | $0.05B |
| 66 | LYV | Live Nation Entertainment, Inc. | Communication Services | 4.96% | $37.47B |
| 67 | GRPN | Groupon, Inc. | Communication Services | 4.74% | $0.70B |
| 68 | PLAY | Dave & Buster's Entertainment, Inc. | Communication Services | 4.09% | $0.39B |
| 69 | ATNI | ATN International, Inc. | Communication Services | 3.91% | $0.40B |
| 70 | BILI | Bilibili Inc. | Communication Services | 3.71% | $7.50B |
| 71 | GMHS | Gamehaus Holdings Inc. | Communication Services | 2.87% | $0.06B |
| 72 | AENT | Alliance Entertainment Holding Corporation | Communication Services | 2.83% | $0.30B |
| 73 | GSAT | Globalstar, Inc. | Communication Services | 2.72% | $10.64B |
| 74 | JOYY | JOYY Inc. | Communication Services | 2.63% | $3.43B |
| 75 | OMC | Omnicom Group Inc. | Communication Services | 2.57% | $21.56B |
| 76 | LILAK | Liberty Latin America Ltd. | Communication Services | 2.44% | $1.52B |
| 77 | TBLA | Taboola.com Ltd. | Communication Services | 2.30% | $1.30B |
| 78 | GCL | GCL Global Holdings Ltd | Communication Services | 2.28% | $0.06B |
| 79 | MCS | The Marcus Corporation | Communication Services | 2.25% | $0.62B |
| 80 | BODI | The Beachbody Company, Inc. | Communication Services | 2.20% | $0.08B |
| 81 | MAX | MediaAlpha, Inc. | Communication Services | 1.99% | $0.47B |
| 82 | WBD | Warner Bros. Discovery, Inc. | Communication Services | 1.98% | $67.69B |
| 83 | MSGS | Madison Square Garden Sports Corp. | Communication Services | 1.42% | $9.27B |
| 84 | WOW | WideOpenWest, Inc. | Communication Services | 1.03% | $0.45B |
| 85 | SCHL | Scholastic Corporation | Communication Services | 0.97% | $0.80B |
| 86 | IQ | iQIYI, Inc. | Communication Services | 0.84% | $1.04B |
| 87 | DOYU | DouYu International Holdings Limited | Communication Services | 0.12% | $0.15B |
| 88 | DLPN | Dolphin Entertainment, Inc. | Communication Services | -0.07% | $0.01B |
| 89 | ROKU | Roku, Inc. | Communication Services | -0.12% | $18.55B |
| 90 | PLTK | Playtika Holding Corp. | Communication Services | -0.19% | $1.20B |
| 91 | FVRR | Fiverr International Ltd. | Communication Services | -0.27% | $0.37B |
| 92 | AMC | AMC Entertainment Holdings, Inc. | Communication Services | -0.36% | $1.48B |
| 93 | LBTYK | Liberty Global Ltd. | Communication Services | -0.48% | $3.80B |
| 94 | IHRT | iHeartMedia, Inc. | Communication Services | -0.53% | $0.64B |
| 95 | LEE | Lee Enterprises, Incorporated | Communication Services | -0.83% | $0.24B |
| 96 | CTW | CTW | Communication Services | -1.18% | $0.14B |
| 97 | ATUS | Altice USA, Inc. | Communication Services | -1.31% | $0.84B |
| 98 | ZG | Zillow Group, Inc. | Communication Services | -1.32% | $8.23B |
| 99 | IQST | iQSTEL Inc. | Communication Services | -1.34% | $0.01B |
| 100 | TTWO | Take-Two Interactive Software, Inc. | Communication Services | -1.57% | $40.22B |
No companies match this search.
How this ranking is built
Companies are ranked by operating margin as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.