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 28.12%.

Is SPOT or WBD more profitable?

SPOT runs the higher net margin — SPOT at 15.43% versus WBD at -4.67%.

Which has been the better investment, SPOT or WBD?

Over the past 5-year, SPOT delivered the higher annualized total return — SPOT at 12.16% versus WBD at 1.07%. Past performance doesn't predict future results.

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

SPOT leads on 7 of 12 compared metrics.

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 June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

SPOT

Spotify Technology S.A.

$93.66B

$455.50Communication Services

WBD

Warner Bros. Discovery, Inc.

$68.19B

$27.20Communication Services

Total return — SPOT vs WBD

growth of $100 · last 8y

SPOT +205.7%WBD +24.9%SPOT compounded faster

SPOT WBD

SPOT vs WBD: by the numbers

•SPOT is the larger company ($93.66B vs $68.19B market cap).
•SPOT is profitable (15.43% net margin) while WBD runs a net loss (-4.67%).
•WBD grew revenue faster over the past five years (28.12% vs 16.40% CAGR).

Which is better, SPOT or WBD?

Metric tally: SPOT 7 · WBD 5

It depends on what you're optimizing for:

GrowthWBD(faster 5Y revenue CAGR)

QualitySPOT(higher ROIC)

Metrics side by side

Valuation

Metric	SPOT	WBD
P/E ratio	36.28	—
Forward P/E	28.85	—
P/S ratio	4.65	1.82●
P/B ratio	10.29	2.08●
PEG ratio	0.51	—
EV / EBITDA	25.94	7.66●
FCF yield	3.91%●	3.41%

Profitability

Metric	SPOT	WBD
Gross margin	32.31%	41.48%●
Operating margin	13.70%●	4.06%
Net margin	15.43%●	-4.67%
ROE	34.17%●	-5.33%
ROIC	21.05%●	0.68%

Growth (annualized)

Metric	SPOT	WBD
Revenue CAGR (5Y)	16.40%	28.12%●
EPS CAGR (5Y)	—	-30.75%
FCF CAGR (5Y)	66.97%●	0.21%
Total return CAGR (5Y)	12.16%●	-2.15%

Frequently asked

Which is better, SPOT or WBD?: It depends on your goal. growth: WBD (faster 5Y revenue CAGR); quality: SPOT (higher ROIC). Across all compared metrics, SPOT leads 7 to 5.
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 28.12%.
Is SPOT or WBD more profitable?: SPOT runs the higher net margin — SPOT at 15.43% versus WBD at -4.67%.
Which has been the better investment, SPOT or WBD?: Over the past 5-year, SPOT delivered the higher annualized total return — SPOT at 12.16% versus WBD at 1.07%. 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 Warner Bros. Discovery P/E ratio Spotify Technology dividend yield Warner Bros. Discovery dividend yield 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 June 24, 2026.