S&P 500 Communication Services stocks: today's ranking and data
The S&P 500 has 21 companies in Communication Services today (24 tickers: some companies trade with two share classes). It accounts for 9.6% of the market value of the index companies. Its median P/E is 16.3, against 23.7 for the index as a whole.
What Communication Services is and what drives its earnings
What it includes. Telecom carriers (wireless, fiber and cable), media and entertainment (studios, television, streaming platforms, live events), search and social media (Alphabet and Meta are here, not in Technology), video games and advertising. GICS created this sector in 2018, when Alphabet and Meta were moved out of Technology to sit with media and telecom.
What drives its earnings. Advertising, digital above all, which gets cut when the economy slows; subscriptions (how many subscribers and how much they pay) in streaming and telecom; and, for carriers, price competition and the cost of building and running networks.
How it behaves. It is a very uneven mix: slow-growing, dividend-paying carriers sit next to internet platforms worth trillions of dollars. In a sector like that, the median and the largest companies tell different stories, and both are below.
The classification is the one used by this site's data provider, similar to but not the same as GICS, S&P's standard: this sector roughly matches "Communication Services". Counts may therefore differ from other sources.
All 24 stocks in the sector, by today's multi-factor rank
The rank is the order produced by a quantitative model on data as of Nov 3, 2026: the average of four factors (momentum, value, quality and growth) computed from public data, against the 461 index companies that score. It is a calculation, not a recommendation to buy or sell: it knows nothing about anyone's situation, horizon or risk, and the returns of portfolios built with it are simulated. How it is computed: see the methodology.
| In sector | Index rank | Company | P/E | Market cap |
|---|---|---|---|---|
| 1 | 24 of 461 | RDDT Reddit | 21.0 | $19.86B |
| 2 | 54 of 461 | GOOGL Alphabet | 15.1 | $3.57T |
| 3 | 71 of 461 | APP AppLovin | 20.8 | $90.70B |
| 4 | 80 of 461 | TKO TKO | 67.0 | $36.13B |
| 5 | 116 of 461 | META Meta Platforms | 21.5 | $1.61T |
| 6 | 142 of 461 | CHTR Charter Communications | 3.1 | $15.65B |
| 7 | 179 of 461 | CMCSA Comcast | 7.8 | $87.84B |
| 8 | 190 of 461 | VZ Verizon Communications | 11.9 | $192.58B |
| 9 | 234 of 461 | T AT&T | 11.9 | $148.14B |
| 10 | 235 of 461 | SATS EchoStar | 3.6 | $28.41B |
| 11 | 237 of 461 | FOXA Fox | 14.6 | $29.01B |
| 12 | 251 of 461 | NWSA News | 29.3 | $16.21B |
| 13 | 273 of 461 | OMC Omnicom | 84.1 | $23.78B |
| 14 | 288 of 461 | LYV Live Nation Entertainment | — | $42.74B |
| 15 | 325 of 461 | NFLX Netflix | 19.1 | $275.34B |
| 16 | 336 of 461 | DIS Walt Disney | 24.6 | $206.36B |
| 17 | 340 of 461 | TTWO Take-Two Interactive Software | — | $38.97B |
| 18 | 392 of 461 | TMUS T-Mobile US | 15.5 | $170.09B |
| 19 | 405 of 461 | TTD Trade Desk | 16.3 | $6.40B |
| — | not scored today | FOX Fox | 13.0 | $25.68B |
| — | not scored today | GOOG Alphabet | 15.1 | $3.55T |
| — | not scored today | NWS News | 31.9 | $17.67B |
| — | not scored today | PSKY Paramount Skydance | — | $10.99B |
| — | not scored today | WBD Warner Bros. Discovery | — | $77.60B |
"—" under P/E: no positive P/E (negative trailing earnings or missing at the source). 5 stocks do not get a multi-factor score today because a factor is missing; they go last, alphabetically. The full S&P 500 ranking →
Communication Services P/E against the index
| Median P/E | Companies with a positive P/E | |
|---|---|---|
| Communication Services | 16.3 | 17 of 21 |
| S&P 500 | 23.7 | 474 of 500 |
The median is the company in the middle: a few firms with near-zero earnings and huge P/Es do not move it, which is what happens to the average. Loss-making companies have no P/E and are left out.
Guide: P/E ratio explained · all guides
The 10 largest in the sector by market cap
| # | Company | Market cap | Weight in sector | Rank today |
|---|---|---|---|---|
| 1 | GOOGL (and GOOG) Alphabet | $3.57T | 53.3% | 54 |
| 2 | META Meta Platforms | $1.61T | 24.0% | 116 |
| 3 | NFLX Netflix | $275.34B | 4.1% | 325 |
| 4 | DIS Walt Disney | $206.36B | 3.1% | 336 |
| 5 | VZ Verizon Communications | $192.58B | 2.9% | 190 |
| 6 | TMUS T-Mobile US | $170.09B | 2.5% | 392 |
| 7 | T AT&T | $148.14B | 2.2% | 234 |
| 8 | APP AppLovin | $90.70B | 1.4% | 71 |
| 9 | CMCSA Comcast | $87.84B | 1.3% | 179 |
| 10 | WBD Warner Bros. Discovery | $77.60B | 1.2% | not scored |
Total market value (price times shares outstanding), without the float adjustment S&P applies: the weight is indicative. Companies with two share classes count once.
Insider buying and selling in the last 30 days
From Oct 4, 2026 to Nov 3, 2026, no open-market purchases and 20 sales ($21.0M), filed on SEC Form 4 by directors, officers and 10% owners of 9 companies in the sector. Counted by trade date; grants, option exercises and transfers between the same insider's accounts are left out.
| Company | Buys | Amount | Sales | Amount |
|---|---|---|---|---|
| RDDT Reddit | 0 | — | 2 | $11.8M |
| META Meta Platforms | 0 | — | 5 | $4.7M |
| TKO TKO | 0 | — | 2 | $1.7M |
| DIS Walt Disney | 0 | — | 3 | $1.4M |
| NFLX Netflix | 0 | — | 1 | $1.2M |
| VZ Verizon Communications | 0 | — | 4 | $194k |
| TTWO Take-Two Interactive Software | 0 | — | 1 | $68k |
| GOOGL Alphabet | 0 | — | 1 | $23k |
| TMUS T-Mobile US | 0 | — | 1 | $17k |
Upcoming earnings dates
Dates announced by the companies themselves, from Nasdaq's public calendar (between Nov 4, 2026 and Dec 8, 2026). They are announcements, not measured dates: each company's SEC history is on its earnings page.
| Date | Company | When |
|---|---|---|
| Nov 4, 2026 | APP AppLovin | after the close |
| Nov 4, 2026 | NWSA News | after the close |
| Nov 4, 2026 | TKO TKO | after the close |
| Nov 5, 2026 | LYV Live Nation Entertainment | after the close |
| Nov 6, 2026 | CHTR Charter Communications | before the open |
| Nov 9, 2026 | TTD Trade Desk | after the close |
| Nov 9, 2026 | TTWO Take-Two Interactive Software | after the close |
| Nov 17, 2026 | DIS Walt Disney | before the open |
Who reports this week across the S&P 500 →
The other S&P 500 sectors
- Basic Materials
- Consumer Cyclical
- Consumer Defensive
- Energy
- Financial Services
- Healthcare
- Industrials
- Real Estate
- Technology
- Utilities
Dividend yields in Communication Services and across the S&P 500 →
Sources: sector classification, market cap and P/E from the market-data provider (Yahoo Finance), as of the latest close downloaded; Quant500 multi-factor ranking of Nov 3, 2026; SEC Form 4 (EDGAR); Nasdaq public calendar. P/E is trailing twelve months and the median is taken per company, not per share class. Not investment advice.