Which has grown faster, SPOT or WBD?

Over the past five years, WBD grew revenue faster — SPOT at a 15.47% CAGR versus WBD at 26.16%.

Is SPOT or WBD more profitable?

SPOT runs the higher net margin — SPOT at 18.50% versus WBD at -8.77%.

How have SPOT and WBD total returns compared?

Over the past 5 years, SPOT delivered 16.23% and WBD delivered 0.82% annualized total return. Past performance doesn't predict future results.

Spotify Technology S.A. (SPOT) vs Warner Bros. Discovery, Inc. (WBD)

A side-by-side comparison of Spotify Technology S.A. and Warner Bros. Discovery, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

SPOT

Spotify Technology S.A.

$104.93B

$510.40Communication ServicesDelayed quote: Sep 23, 2026, 4:00 PM EDT

WBD

Warner Bros. Discovery, Inc.

$77.12B

$30.76Communication ServicesDelayed quote: Sep 23, 2026, 4:00 PM EDT

Total return — SPOT vs WBD

growth of $100 · dividends reinvested · last 8y

SPOT +264.0% (+17.5%/yr)WBD +31.8% (+3.5%/yr)SPOT compounded faster over this window

SPOT WBD

SPOT vs WBD: by the numbers

•SPOT is the larger company ($104.93B vs $77.12B market cap).
•SPOT is profitable (18.50% net margin) while WBD runs a net loss (-8.77%).
•WBD grew revenue faster over the past five years (26.16% vs 15.47% CAGR).

Metrics side by side

Valuation

Metric	SPOT	WBD
P/E ratio	31.84	N/A
P/S ratio	4.99	2.14
P/B ratio	10.96	2.35
EV / EBITDA	30.83	11.13
FCF yield	3.63%	2.83%

Profitability

Metric	SPOT	WBD
Gross margin	32.79%	28.18%
Operating margin	14.65%	5.35%
Net margin	18.50%	-8.77%
ROE	40.61%	-9.64%
ROIC	29.14%	2.34%

Growth (annualized)

Metric	SPOT	WBD
Revenue CAGR (5Y)	15.47%	26.16%
EPS CAGR (5Y)	N/A	-30.75%
FCF CAGR (5Y)	66.33%	0.15%
Total return CAGR (5Y)	16.23%	0.82%

Frequently asked

Which has grown faster, SPOT or WBD?: Over the past five years, WBD grew revenue faster — SPOT at a 15.47% CAGR versus WBD at 26.16%.
Is SPOT or WBD more profitable?: SPOT runs the higher net margin — SPOT at 18.50% versus WBD at -8.77%.
How have SPOT and WBD total returns compared?: Over the past 5 years, SPOT delivered 16.23% and WBD delivered 0.82% annualized total return. Past performance doesn't predict future results.

Go deeper

Full SPOT analysis Full WBD analysis Interactive comparison tool

Dig into the metrics

Spotify Technology P/E ratio Spotify Technology ROE Warner Bros. Discovery ROE Spotify Technology operating margin Warner Bros. Discovery operating margin Spotify Technology revenue growth Warner Bros. Discovery revenue growth Spotify Technology free cash flow Warner Bros. Discovery free cash flow

Spotify Technology & Warner Bros. Discovery appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.