SECTOR SYSTEM / 8 COVERED ISSUERS
Advertising, subscriptions and connectivity produce very different revenue and cash-flow models.
Advertising exposure, subscription economics, network investment and cash conversion.
Audience migration, content costs, competition, capital intensity and privacy regulation.
Sector medians are descriptive, not fair-value estimates. Dated company ratios use annual denominators and differ in fiscal year end. Historical-multiple series are unavailable. Sources and exclusions are visible on company profiles.
Across 6 eligible communication services companies, the equal-weight median capital expenditure as a share of revenue was 10.35% for the prior selected annual periods.
Across 6 eligible communication services companies, the equal-weight median capital expenditure as a share of revenue was 10.39% for the latest selected annual periods.
Across 8 eligible communication services companies, the equal-weight median operating cash-flow margin was 27.39% for the prior selected annual periods.
Across 8 eligible communication services companies, the equal-weight median operating cash-flow margin was 29.42% for the latest selected annual periods.
Across 6 eligible communication services companies, the equal-weight median equity as a share of assets was 48.73% for the prior selected annual periods.
Across 6 eligible communication services companies, the equal-weight median equity as a share of assets was 51.75% for the latest selected annual periods.
Across 8 eligible communication services companies, the equal-weight median net margin was 13.51% for the prior selected annual periods.
Across 8 eligible communication services companies, the equal-weight median net margin was 16.82% for the latest selected annual periods.
Across 8 eligible communication services companies, the equal-weight median revenue growth was 3.19% for the prior selected annual periods.
Across 8 eligible communication services companies, the equal-weight median revenue growth was 5.92% for the latest selected annual periods.
COMCAST CORP
Annual revenue of USD 123.707 billion and net income of USD 19.998 billion for the period ended 2025-12-31.
Sector research
A research framework for 8 covered communication services issuers, with explicit attention to financial comparability.
Walt Disney Co
Annual revenue of USD 94.425 billion and net income of USD 12.404 billion for the period ended 2025-09-27.
Alphabet Inc.
A two-period review of GOOGL revenue, profitability and cash conversion; reported revenue growth was 15.09%.
Alphabet Inc.
Annual revenue of USD 402.836 billion and net income of USD 132.170 billion for the period ended 2025-12-31.
Meta Platforms, Inc.
A two-period review of META revenue, profitability and cash conversion; reported revenue growth was 22.17%.