NWS vs. SPOT: News vs. Spotify Stock Comparison

November 11, 2026

How do News (NWS) and Spotify (SPOT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

News (NWS) and Spotify (SPOT) both fall under the Media & Entertainment industry group, but NWS is classified in Media while SPOT is classified in Entertainment.

Company profile comparison for News (NWS) and Spotify (SPOT)
Profile Item	NWS	SPOT
Name	News Corp Class B	Spotify Technology S.A.
Country/Region	United States	Sweden
GICS Sector	Communication Services	Communication Services
GICS Industry Group	Media & Entertainment	Media & Entertainment
GICS Industry	Media	Entertainment
GICS Sub-Industry	Publishing	Movies & Entertainment
Market Capitalization	15.55 billion USD	123.97 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 19, 2013	April 3, 2018
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NWS

SPOT

GSPC

News (NWS) vs. Spotify (SPOT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for News (NWS) and Spotify (SPOT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for News (NWS) and Spotify (SPOT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for News (NWS) and Spotify (SPOT)
Metric	NWS	SPOT
Total Return (1Y)	-3.65%	-2.62%
Total Return (3Y, Annualized)	10.18%	52.24%
Total Return (5Y, Annualized)	4.98%	16.60%

Risk Profile

Drawdown History

NWS

SPOT

GSPC

News (NWS) vs. Spotify (SPOT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for News (NWS) and Spotify (SPOT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for News (NWS) and Spotify (SPOT)
Metric	NWS	SPOT
Volatility (1Y, Annualized)	29.25%	47.29%
Beta (5Y)	1.02	1.45
Max Drawdown (5Y)	-35.61%	-74.68%
Avg. Volume (3M)	1.11M	1.66M

Risk-Adjusted Performance

Risk-Return Positioning

NWS and SPOT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for News (NWS) and Spotify (SPOT)
Metric	NWS	SPOT
Sharpe Ratio (1Y)	-0.27	-0.15
Sortino Ratio (1Y)	-0.35	-0.22

Profitability

ROE (TTM)

Spotify (SPOT) at 35.81% sits in the top ROE quartile, while News (NWS) at 8.72% is closer to the peer norm — stronger capital efficiency for SPOT.

NWS

Media & Entertainment industry group

8.72%

Max: 49.92%
Q3: 17.95%
NWS: 8.72%
Median: 7.20%
Q1: -4.53%
Min: -26.31%

SPOT

Media & Entertainment industry group

35.81%

Max: 49.92%
SPOT: 35.81%
Q3: 17.95%
Median: 7.20%
Q1: -4.53%
Min: -26.31%

News (NWS) vs. Spotify (SPOT): A comparison of their ROE against the Media & Entertainment industry group benchmark.

Net Margin (TTM)

Spotify (SPOT) at 15.73% retains a top-quartile share of revenue as profit, ahead of News (NWS) at 6.77%, which keeps about the industry-typical share.

NWS

Media & Entertainment industry group

6.77%

Max: 32.91%
Q3: 11.75%
NWS: 6.77%
Median: 5.04%
Q1: -4.17%
Min: -25.14%

SPOT

Media & Entertainment industry group

15.73%

Max: 32.91%
SPOT: 15.73%
Q3: 11.75%
Median: 5.04%
Q1: -4.17%
Min: -25.14%

News (NWS) vs. Spotify (SPOT): A comparison of their net margin against the Media & Entertainment industry group benchmark.

Operating Margin (TTM)

Both News (NWS) at 12.14% and Spotify (SPOT) at 13.52% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

NWS

Media & Entertainment industry group

12.14%

Max: 40.16%
Q3: 18.72%
NWS: 12.14%
Median: 8.63%
Q1: 1.90%
Min: -22.08%

SPOT

Media & Entertainment industry group

13.52%

Max: 40.16%
Q3: 18.72%
SPOT: 13.52%
Median: 8.63%
Q1: 1.90%
Min: -22.08%

News (NWS) vs. Spotify (SPOT): A comparison of their operating margin against the Media & Entertainment industry group benchmark.

Profitability Metrics

Profitability metrics for News (NWS) and Spotify (SPOT)
Metric	NWS	SPOT
ROE (TTM)	8.72%	35.81%
ROA (TTM)	4.91%	11.82%
Net Margin (TTM)	6.77%	15.73%
Operating Margin (TTM)	12.14%	13.52%
Gross Margin (TTM)	57.29%	33.12%

Growth

Revenue Growth

Both News (NWS) at 6.82% and Spotify (SPOT) at 9.65% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

News (NWS) vs. Spotify (SPOT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Spotify (SPOT) at 91.09% sits in the top EPS growth quartile, while News (NWS) at -50.24% is closer to the peer norm — faster per-share earnings growth for SPOT.

News (NWS) vs. Spotify (SPOT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for News (NWS) and Spotify (SPOT)
Metric	NWS	SPOT
Revenue Growth (YoY)	6.82%	9.65%
Revenue Growth (3Y CAGR)	4.06%	13.59%
EPS Growth (YoY)	-50.24%	91.09%
EPS Growth (3Y CAGR)	58.23%	--

Financial Strength

Current Ratio (MRQ)

Both News (NWS) at 1.62 and Spotify (SPOT) at 2.13 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

NWS

Media & Entertainment industry group

1.62

Max: 4.69
Q3: 2.53
NWS: 1.62
Median: 1.52
Q1: 0.95
Min: 0.28

SPOT

Media & Entertainment industry group

2.13

Max: 4.69
Q3: 2.53
SPOT: 2.13
Median: 1.52
Q1: 0.95
Min: 0.28

News (NWS) vs. Spotify (SPOT): A comparison of their current ratio against the Media & Entertainment industry group benchmark.

Debt / Equity (MRQ)

Spotify (SPOT) at 0.05 keeps leverage in the lower industry quartile, while News (NWS) at 0.32 runs a more typical debt-to-equity mix.

NWS

Media & Entertainment industry group

0.32

Max: 3.65
Q3: 1.69
Median: 0.46
NWS: 0.32
Q1: 0.17
Min: 0.00

SPOT

Media & Entertainment industry group

0.05

Max: 3.65
Q3: 1.69
Median: 0.46
Q1: 0.17
SPOT: 0.05
Min: 0.00

News (NWS) vs. Spotify (SPOT): A comparison of their debt-to-equity ratio against the Media & Entertainment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for News (NWS) and Spotify (SPOT)
Metric	NWS	SPOT
Current Ratio (MRQ)	1.62	2.13
Debt / Equity (MRQ)	0.32	0.05
Net Debt / EBITDA	0.82	-2.40

Dividends

Dividend Yield (TTM)

Spotify (SPOT) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile News (NWS) reports a yield of 0.69%, ranking against industry peers normally.

NWS

Media & Entertainment industry group

0.69%

Max: 1.33%
NWS: 0.69%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

SPOT

Media & Entertainment industry group

0.00%

Max: 1.33%
Q3: 0.65%
SPOT: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

News (NWS) vs. Spotify (SPOT): A comparison of their dividend yield against the Media & Entertainment industry group benchmark.

Dividend Payout Ratio (TTM)

Spotify (SPOT) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile News (NWS) reports a payout of 17.86%, ranking against industry peers normally.

NWS

Media & Entertainment industry group

17.86%

Max: 71.43%
Q3: 28.98%
NWS: 17.86%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

SPOT

Media & Entertainment industry group

0.00%

Max: 71.43%
Q3: 28.98%
SPOT: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

News (NWS) vs. Spotify (SPOT): A comparison of their payout ratio against the Media & Entertainment industry group benchmark.

Dividend Metrics

Dividend metrics for News (NWS) and Spotify (SPOT)
Metric	NWS	SPOT
Dividend Yield (TTM)	0.69%	0.00%
Dividend Payout Ratio (TTM)	17.86%	0.00%

Valuation

P/E Ratio (TTM)

News (NWS) at 25.86 is near its industry’s usual P/E ratio, while Spotify (SPOT) at 36.75 sits in the richer quartile — SPOT needs stronger growth or earnings quality to justify the premium.

NWS

Media & Entertainment industry group

25.86

Max: 51.21
Q3: 28.90
NWS: 25.86
Median: 17.98
Q1: 11.53
Min: 1.64

SPOT

Media & Entertainment industry group

36.75

Max: 51.21
SPOT: 36.75
Q3: 28.90
Median: 17.98
Q1: 11.53
Min: 1.64

News (NWS) vs. Spotify (SPOT): A comparison of their P/E ratio against the Media & Entertainment industry group benchmark.

P/S Ratio (TTM)

News (NWS) at 1.70 is priced about in line with its industry on P/S ratio, while Spotify (SPOT) at 6.59 sits in the pricier quartile — SPOT costs more per dollar of sales.

NWS

Media & Entertainment industry group

1.70

Max: 7.43
Q3: 3.82
NWS: 1.70
Median: 1.40
Q1: 0.70
Min: 0.00

SPOT

Media & Entertainment industry group

6.59

Max: 7.43
SPOT: 6.59
Q3: 3.82
Median: 1.40
Q1: 0.70
Min: 0.00

News (NWS) vs. Spotify (SPOT): A comparison of their P/S ratio against the Media & Entertainment industry group benchmark.

P/B Ratio (MRQ)

News (NWS) at 1.84 sits near its industry’s typical P/B ratio, while Spotify (SPOT) at 12.62 prices above its benchmark range — SPOT looks rich relative to book.

NWS

Media & Entertainment industry group

1.84

Max: 11.45
Q3: 5.30
NWS: 1.84
Median: 1.84
Q1: 0.77
Min: -2.61

SPOT

Media & Entertainment industry group

12.62

SPOT: 12.62
Max: 11.45
Q3: 5.30
Median: 1.84
Q1: 0.77
Min: -2.61

News (NWS) vs. Spotify (SPOT): A comparison of their P/B ratio against the Media & Entertainment industry group benchmark.

Valuation Metrics

Valuation metrics for News (NWS) and Spotify (SPOT)
Metric	NWS	SPOT
P/E Ratio (TTM)	25.86	36.75
P/S Ratio (TTM)	1.70	6.59
P/B Ratio (MRQ)	1.84	12.62
Free Cash Flow Yield (TTM)	4.85%	1.15%