Equities / Sectors / Communication Services

Communication Services

#4 by market cap

Telecom carriers, media, entertainment and interactive content platforms. 113 US-listed equities across 7 industries; the sector accounts for 9.6% of tracked equity market cap and 6% of daily volume.

Market cap

$7.991T

-0.10%

-$7.941B · 1D

Sector weight

9.6%

of tracked market cap

Volume 24h

$42.476B

6% of market volume

Revenue TTM

$1.562T

Sum of constituents

Net income TTM

$357.171B

22.9% net margin

P/E (TTM)

21.8×

Market 30.4×

Dividend yield

0.6%

Market 1.3%

Employees

1.6M

Across 113 companies

Industry breakdown

Share of sector market cap · 7 industries

Concentration

Share of sector market cap by constituent

92.4%top 10
GOOGL53.3%
META23%
NFLX3.7%
Next 712.4%
Other 1037.6%

HHI index
3.4K

Mega caps
3

Median cap
$2.142B

Valuation vs. market

Sector totals valued as one company; marker is the all-equities median

P/E (TTM): 21.8× · market 20.1×

P/S: 5× · market 2.7×

EV / EBITDA: 15.2× · market 12.9×

Operating margin: 23.8% · market 8.5%

Dividend yield: 0.6% · market 2.3%

Trading at a 28.3% P/E discount to the all-equities market.

Returns vs. market

Cap-weighted price return · spread in percentage points

PeriodSectorMarketSpread
1 day-0.10%-0.49%+0.39%
1 week+2.03%+1.37%+0.66%
1 month+3.89%+0.52%+3.37%
3 months+0.19%+1.79%-1.59%
Year to date+3.62%+12.39%-8.77%
1 year+11.40%+13.52%-2.12%

Constituents

113 equities

Internet Content & Information$4.26T53.3%$348.29-0.63%+2.97%+2.94%$8.171B17.5×
Internet Content & Information$1.837T23%$720.89-0.06%-0.69%+17.51%$11.54B27×
Netflix Inc.

NFLX · US

Entertainment$298.013B3.7%$71.57+2.68%+5.48%-6.77%$3.297B21.8×
Telecom Services$193.537B2.4%$46.35+1.27%+0.80%-8.05%$1.027B11.2×
Entertainment$187.499B2.3%$107.02+2.17%+5.62%+1.87%$1.527B21.8×
Telecom Services$184.127B2.3%$171.31+2.18%+5.92%-5.71%$743.18M17.4×
AT&T Inc.

T · US

Telecom Services$175.023B2.2%$24.87+1.64%+2.35%-2.85%$1.314B—
Advertising Agencies$94.203B1.2%$280.12-0.42%-0.42%-10.22%$1.716B23.8×
Entertainment$77.584B1%$30.950%+0.32%+10.06%$0-44.7×
Telecom Services$75.219B0.9%$21.21+1.29%-2.26%-19.45%$948.08M6.7×
Internet Content & Information$59.729B0.7%$219.71-7.35%-5.41%-9.91%$4.801B1,408.7×
Entertainment$40.013B0.5%$171.34+0.29%+2.69%+0.52%$340.11M-155.1×
Electronic Gaming & Multimedia$38.817B0.5%$209.37+2.63%+2.82%-1.84%$567.39M-130.2×
Electronic Gaming & Multimedia$32.515B0.4%$45.52-1.92%+5.86%+1.56%$662.79M-32.5×
Internet Content & Information$30.093B0.4%$156.47+2.46%+4.64%+4.75%$715.63M34.6×
Telecom Services$27.007B0.3%$93.36-4.43%-0.94%+2.23%$451.9M-1.9×
Entertainment$26.673B0.3%$63.57+1.39%+3.74%-2.55%$163.18M15.8×
Entertainment$22.7B0.3%$153.81+0.71%+1.69%-0.98%$158.49M63.9×
Entertainment$21.955B0.3%$87.57-0.74%+4.64%+0.37%$12.29M103.1×
Advertising Agencies$21.773B0.3%$76.45+2.11%+2.34%-5.77%$160M345.6×
Entertainment$15.74B0.2%$28.97+1.26%+1.15%-2.85%$125.27M27.5×
Entertainment$15.08B0.2%$28.91+2.66%+6.88%+3.14%$85.76M33.8×
Telecom Services$14.75B0.2%$87.95-3.11%+2.73%-8.36%$69.18M22.2×
Entertainment$13.5B0.2%$181.63+1.67%+3.18%-7.01%$155.78M58.8×
Telecom Services$13.081B0.2%$109.67+2.53%-1.53%-24.75%$374.12M2.7×
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