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 to separate scale from profitability, EBITDA to strip out heavy network and content amortization, and Free Cash Flow to see whether reported operating profit converts into cash.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | APP | AppLovin Corporation | Communication Services | 75.75% | $110.49B |
| 2 | META | Meta Platforms, Inc. | Communication Services | 41.44% | $1888.33B |
| 3 | GOOG | Alphabet Inc. | Communication Services | 32.03% | $4291.12B |
| 4 | NTES | NetEase, Inc. | Communication Services | 31.82% | $75.21B |
| 5 | BZ | Kanzhun Limited | Communication Services | 29.80% | $6.36B |
| 6 | NFLX | Netflix, Inc. | Communication Services | 29.49% | $305.47B |
| 7 | WB | Weibo Corporation | Communication Services | 26.45% | $1.65B |
| 8 | MTCH | Match Group, Inc | Communication Services | 25.02% | $9.91B |
| 9 | CHTR | Charter Communications, Inc. | Communication Services | 23.57% | $14.12B |
| 10 | VZ | Verizon Communications Inc. | Communication Services | 21.17% | $198.10B |
| 11 | TMUS | T-Mobile US, Inc. | Communication Services | 20.70% | $177.28B |
| 12 | TTD | The Trade Desk, Inc. | Communication Services | 20.35% | $6.56B |
| 13 | RDDT | Reddit, Inc. | Communication Services | 20.07% | $30.54B |
| 14 | CCO | Clear Channel Outdoor Holdings, Inc. | Communication Services | 19.36% | $1.21B |
| 15 | T | AT&T Inc. | Communication Services | 19.23% | $174.39B |
| 16 | VSNT | Versant Media Group, Inc. | Communication Services | 19.02% | $4.83B |
| 17 | DIS | The Walt Disney Company | Communication Services | 18.59% | $181.91B |
| 18 | TKO | TKO Group Holdings, Inc. | Communication Services | 17.63% | $13.97B |
| 19 | SIRI | Sirius XM Holdings Inc. | Communication Services | 17.19% | $9.25B |
| 20 | NXST | Nexstar Media Group, Inc. | Communication Services | 17.15% | $5.12B |
| 21 | CMCSA | Comcast Corporation | Communication Services | 16.71% | $81.37B |
| 22 | WLY | John Wiley & Sons, Inc. | Communication Services | 16.51% | $2.40B |
| 23 | TGNA | Tegna Inc | Communication Services | 16.33% | $3.24B |
| 24 | EA | Electronic Arts Inc | Communication Services | 15.43% | $52.93B |
| 25 | NYT | The New York Times Company | Communication Services | 15.28% | $11.38B |
| 26 | MSGE | Madison Square Garden Entertainment Corp. | Communication Services | 13.34% | $3.84B |
| 27 | MOMO | Hello Group Inc. | Communication Services | 13.07% | $0.72B |
| 28 | FWONA | Formula One Group | Communication Services | 12.87% | $22.10B |
| 29 | GTN | Gray Media, Inc. | Communication Services | 12.67% | $0.48B |
| 30 | ZD | Ziff Davis, Inc. | Communication Services | 12.62% | $1.97B |
| 31 | YELP | Yelp Inc. | Communication Services | 12.60% | $1.05B |
| 32 | IPG | The Interpublic Group of Companies, Inc. | Communication Services | 11.25% | $8.93B |
| 33 | CRTO | Criteo S.A. | Communication Services | 10.43% | $0.82B |
| 34 | WMG | Warner Music Group Corp. | Communication Services | 10.35% | $14.48B |
| 35 | SSP | The E.W. Scripps Company | Communication Services | 8.56% | $0.29B |
| 36 | IDT | IDT Corporation | Communication Services | 8.15% | $1.71B |
| 37 | PINS | Pinterest, Inc. | Communication Services | 7.58% | $10.96B |
| 38 | ANGI | Angi Inc. | Communication Services | 6.35% | $0.22B |
| 39 | FYBR | Frontier Communications Parent, Inc. | Communication Services | 5.95% | $9.64B |
| 40 | AMCX | AMC Global Media Inc. | Communication Services | 5.77% | $0.49B |
| 41 | STGW | Stagwell Inc. | Communication Services | 5.47% | $2.04B |
| 42 | SBGI | Sinclair, Inc. | Communication Services | 5.46% | $0.96B |
| 43 | LYV | Live Nation Entertainment, Inc. | Communication Services | 4.96% | $39.41B |
| 44 | PLAY | Dave & Buster's Entertainment, Inc. | Communication Services | 4.09% | $0.24B |
| 45 | BILI | Bilibili Inc. | Communication Services | 3.71% | $6.25B |
| 46 | QNST | QuinStreet, Inc. | Communication Services | 2.74% | $0.99B |
| 47 | JOYY | JOYY Inc. | Communication Services | 2.63% | $3.90B |
| 48 | OMC | Omnicom Group Inc. | Communication Services | 2.57% | $20.74B |
| 49 | MSGS | Madison Square Garden Sports Corp. | Communication Services | 2.50% | $9.63B |
| 50 | LILA | Liberty Latin America Ltd. | Communication Services | 2.44% | $1.72B |
| 51 | AENT | Alliance Entertainment Holding Corporation | Communication Services | 2.37% | $0.26B |
| 52 | TBLA | Taboola.com Ltd. | Communication Services | 2.30% | $0.98B |
| 53 | MAX | MediaAlpha, Inc. | Communication Services | 1.99% | $0.57B |
| 54 | WBD | Warner Bros. Discovery, Inc. | Communication Services | 1.98% | $77.22B |
| 55 | SCHL | Scholastic Corporation | Communication Services | 0.96% | $0.65B |
| 56 | IQ | iQIYI, Inc. | Communication Services | 0.84% | $0.97B |
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.
- Size floor: A company qualifies at $1 billion in annual revenue or above, so a small filer with a freak ratio cannot top the list.
- Value range: Only figures above 0% and up to 100% qualify.
- 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.