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 August 9, 2026. Differences are shown without an overall score or investment verdict.
SPOT
Spotify Technology S.A.
$488.14Communication ServicesAt close: Aug 7, 2026, 4:00 PM ET
WBD
Warner Bros. Discovery, Inc.
$26.78Communication ServicesAt close: Aug 7, 2026, 4:00 PM ET
Total return — SPOT vs WBD
growth of $100 · dividends reinvested · last 8ySPOT +227.6%WBD +26.5%SPOT compounded faster
SPOT WBD
SPOT vs WBD: by the numbers
- •SPOT is the larger company ($100.35B vs $67.14B market cap).
- •SPOT is profitable (15.43% net margin) while WBD runs a net loss (-8.77%).
- •WBD grew revenue faster over the past five years (26.16% vs 16.40% CAGR).
Metrics side by side
Valuation
| Metric | SPOT | WBD |
|---|---|---|
| P/E ratio | 38.88 | N/A |
| Forward P/E | 39.19 | N/A |
| P/S ratio | 4.98 | 1.91 |
| P/B ratio | 11.03 | 2.10 |
| PEG ratio | 0.51 | N/A |
| EV / EBITDA | 32.99 | 7.06 |
| FCF yield | 3.65% | 3.16% |
Profitability
| Metric | SPOT | WBD |
|---|---|---|
| Gross margin | 32.31% | 28.18% |
| Operating margin | 13.70% | 5.35% |
| Net margin | 15.43% | -8.77% |
| ROE | 34.17% | -9.64% |
| ROIC | 21.05% | 0.68% |
Growth (annualized)
| Metric | SPOT | WBD |
|---|---|---|
| Revenue CAGR (5Y) | 16.40% | 26.16% |
| EPS CAGR (5Y) | N/A | -30.75% |
| FCF CAGR (5Y) | 66.97% | 0.15% |
| Total return CAGR (5Y) | 17.06% | -1.61% |
Frequently asked
- Which has grown faster, SPOT or WBD?
- Over the past five years, WBD grew revenue faster — SPOT at a 16.40% CAGR versus WBD at 26.16%.
- Is SPOT or WBD more profitable?
- SPOT runs the higher net margin — SPOT at 15.43% versus WBD at -8.77%.
- How have SPOT and WBD total returns compared?
- Over the past 5 years, SPOT delivered 17.06% and WBD delivered 0.17% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Spotify Technology P/E ratioWarner Bros. Discovery P/E ratioSpotify Technology dividend yieldWarner Bros. Discovery dividend yieldSpotify Technology ROEWarner Bros. Discovery ROESpotify Technology operating marginWarner Bros. Discovery operating marginSpotify Technology revenue growthWarner Bros. Discovery revenue growthSpotify Technology free cash flowWarner Bros. Discovery free cash flow
Spotify Technology & Warner Bros. Discovery appear in these rankings
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 August 9, 2026.