STOCK TITAN

Top Communication Services Stocks by R&D Spending

Top communication services companies ranked by R&D spending, latest annual filings.

What R&D Spending Means for Communication Services Companies

R&D spending in communication services splits along a clear line. Platform and interactive media companies look much like technology firms, putting heavy resources into engineering, recommendation systems, and infrastructure. Traditional telecom and content businesses spend comparatively little on formal R&D because network capacity lives in capex and content investment flows through programming or content amortization rather than a research line on the income statement.

Why It Matters in Communication Services

For platforms, sustained R&D underwrites engagement economics and the machine-learning systems that compound user value. For telcos, the comparable lever is network spectrum and fiber capex, not research spending, which is why sector rankings mix dissimilar business models into one table. Reading a platform's R&D next to a telecom's R&D without context tends to misstate the investment intensity of both.

What to Read Alongside

Pair R&D with Revenue for scale context, Free Cash Flow to see cash generation after investment, and Capex since network and content spending in this sector often matters more than formal research activity.

Data as of FY 2025 48 companies Rhea AI
# Symbol Company Sector
1 GOOG Alphabet Inc. Communication Services $61.09B $4361.44B
2 META Meta Platforms, Inc. Communication Services $57.37B $1502.77B
3 NFLX Netflix, Inc. Communication Services $3.39B $306.84B
4 BIDU Baidu, Inc. Communication Services $2.92B $37.08B
5 NTES NetEase, Inc. Communication Services $2.53B $83.46B
6 SNAP Snap Inc. Communication Services $1.79B $8.83B
7 RBLX Roblox Corporation Communication Services $1.57B $25.75B
8 PINS Pinterest, Inc. Communication Services $1.43B $13.21B
9 RDDT Reddit, Inc. Communication Services $0.78B $29.03B
10 ROKU Roku, Inc. Communication Services $0.73B $22.26B
11 Z Zillow Group, Inc. Communication Services $0.61B $7.52B
12 TTD The Trade Desk, Inc. Communication Services $0.53B $8.31B
13 BILI Bilibili Inc. Communication Services $0.51B $7.81B
14 MTCH Match Group, Inc Communication Services $0.45B $8.40B
15 PLTK Playtika Holding Corp. Communication Services $0.43B $1.25B
16 WB Weibo Corporation Communication Services $0.32B $1.94B
17 YELP Yelp Inc. Communication Services $0.30B $1.38B
18 CRTO Criteo S.A. Communication Services $0.28B $0.88B
19 NYT New York Times Co. Communication Services $0.26B $10.45B
20 SIRI Sirius XM Holdings Inc. Communication Services $0.26B $10.07B
21 JOYY JOYY Inc. Communication Services $0.25B $3.77B
22 IQ iQIYI, Inc. Communication Services $0.24B $1.24B
23 BZ KANZHUN LIMITED Communication Services $0.24B $7.19B
24 APP AppLovin Corporation Communication Services $0.23B $112.33B
25 IAC People Inc Communication Services $0.20B $3.14B
26 UPWK Upwork Inc. Communication Services $0.19B $1.16B
27 DV DoubleVerify Holdings, Inc. Communication Services $0.18B $1.80B
28 NBIS Nebius Group N.V. Communication Services $0.18B $48.21B
29 ATHM Autohome Inc. Communication Services $0.15B $2.62B
30 TBLA Taboola.com Ltd. Communication Services $0.15B $1.09B
31 NXDR Nextdoor Holdings, Inc. Communication Services $0.14B $0.98B
32 MGNI Magnite, Inc. Communication Services $0.08B $3.49B
33 HUYA HUYA Inc. Communication Services $0.07B $0.55B
34 IAS Integral Ad Science Holding Corp. Communication Services $0.07B $1.74B
35 ECHO EchoStar Corporation Communication Services $0.07B $25.28B
36 NRDS NerdWallet, Inc. Communication Services $0.07B $0.58B
37 ZD Ziff Davis, Inc. Communication Services $0.06B $1.88B
38 IDT IDT Corporation Communication Services $0.05B $1.65B
39 DJT Trump Media & Technology Group Corp. Communication Services $0.04B $2.74B
40 EVER EverQuote, Inc. Communication Services $0.03B $0.84B
41 GENI Genius Sports Limited Communication Services $0.03B $2.17B
42 MAX MediaAlpha, Inc. Communication Services $0.02B $0.76B
43 IRDM Iridium Communications Inc. Communication Services $0.02B $5.12B
44 RUM RUM Group Inc. Communication Services $0.02B $1.71B
45 ANGX Angel Studios, Inc. Communication Services $0.02B $0.80B
46 GSAT Globalstar, Inc. Communication Services $0.01B $10.72B
47 IMAX IMAX Corporation Communication Services $0.01B $2.73B
48 ATEX Anterix Inc. Communication Services $0.00B $1.96B

How this ranking is built

Companies are ranked by R&D spending 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.