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SPOT vs. WBD: Spotify Technology vs. Warner Bros. Discovery Stock Comparison

How do Spotify Technology (SPOT) and Warner Bros. Discovery (WBD) 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

Spotify Technology (SPOT) and Warner Bros. Discovery (WBD) are both classified in the Movies & Entertainment sub-industry within the broader Entertainment industry, placing them in the closest GICS peer bucket.

Company profile comparison for Spotify Technology (SPOT) and Warner Bros. Discovery (WBD)
Profile ItemSPOTWBD
NameSpotify Technology S.A.Warner Bros. Discovery, Inc.
Country/RegionSwedenUnited States
GICS SectorCommunication ServicesCommunication Services
GICS Industry GroupMedia & EntertainmentMedia & Entertainment
GICS IndustryEntertainmentEntertainment
GICS Sub-IndustryMovies & EntertainmentMovies & Entertainment
Market Capitalization108.09 billion USD70.30 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateApril 3, 2018July 8, 2005
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

SPOT
WBD
GSPC
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD), 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 Spotify Technology (SPOT) and Warner Bros. Discovery (WBD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Spotify Technology (SPOT) and Warner Bros. Discovery (WBD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Spotify Technology (SPOT) and Warner Bros. Discovery (WBD)
MetricSPOTWBD
Total Return (1Y)-23.84%73.41%
Total Return (3Y, Annualized)49.40%34.28%
Total Return (5Y, Annualized)16.24%1.41%

Risk Profile

Drawdown History

SPOT
WBD
GSPC
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD), 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 Spotify Technology (SPOT) and Warner Bros. Discovery (WBD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Spotify Technology (SPOT) and Warner Bros. Discovery (WBD)
MetricSPOTWBD
Volatility (1Y, Annualized)44.32%31.66%
Beta (5Y)1.601.55
Max Drawdown (5Y)-76.39%-78.48%
Avg. Volume (3M)1.77M21.28M

Risk-Adjusted Performance

Risk-Return Positioning

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SPOT and WBD 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 Spotify Technology (SPOT) and Warner Bros. Discovery (WBD)
MetricSPOTWBD
Sharpe Ratio (1Y)-0.632.19
Sortino Ratio (1Y)-0.904.62

Profitability

ROE (TTM)

Warner Bros. Discovery (WBD) reports a negative ROE of -8.79%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Spotify Technology (SPOT) reports 44.48%, ranking against industry peers normally.

SPOT

Media & Entertainment industry group

44.48%

Max
45.82%
SPOT
44.48%
Q3
16.48%
Median
6.89%
Q1
-3.55%
Min
-26.31%

WBD

Media & Entertainment industry group

-8.79%

Max
45.82%
Q3
16.48%
Median
6.89%
Q1
-3.55%
WBD
-8.79%
Min
-26.31%
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their ROE against the Media & Entertainment industry group benchmark.

Net Margin (TTM)

Warner Bros. Discovery (WBD) reports a negative net margin of -8.77%, usually indicating a net loss over the period. Meanwhile Spotify Technology (SPOT) reports 18.43%, ranking against industry peers normally.

SPOT

Media & Entertainment industry group

18.43%

Max
29.84%
SPOT
18.43%
Q3
10.43%
Median
4.53%
Q1
-3.40%
Min
-17.61%

WBD

Media & Entertainment industry group

-8.77%

Max
29.84%
Q3
10.43%
Median
4.53%
Q1
-3.40%
WBD
-8.77%
Min
-17.61%
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their net margin against the Media & Entertainment industry group benchmark.

Operating Margin (TTM)

Both Spotify Technology (SPOT) at 13.71% and Warner Bros. Discovery (WBD) at 5.11% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

SPOT

Media & Entertainment industry group

13.71%

Max
40.16%
Q3
18.59%
SPOT
13.71%
Median
10.04%
Q1
0.82%
Min
-19.55%

WBD

Media & Entertainment industry group

5.11%

Max
40.16%
Q3
18.59%
Median
10.04%
WBD
5.11%
Q1
0.82%
Min
-19.55%
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their operating margin against the Media & Entertainment industry group benchmark.

Profitability Metrics

Profitability metrics for Spotify Technology (SPOT) and Warner Bros. Discovery (WBD)
MetricSPOTWBD
ROE (TTM)44.48%-8.79%
ROA (TTM)12.19%1.71%
Net Margin (TTM)18.43%-8.77%
Operating Margin (TTM)13.71%5.11%
Gross Margin (TTM)32.77%47.81%

Growth

Revenue Growth

Spotify Technology (SPOT) at 9.65% is around its peer norm for revenue growth, while Warner Bros. Discovery (WBD) at -5.15% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Spotify Technology (SPOT) reports EPS growth of 91.09%, ranked against its industry; Warner Bros. Discovery (WBD) has no EPS growth figure this period.

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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Spotify Technology (SPOT) and Warner Bros. Discovery (WBD)
MetricSPOTWBD
Revenue Growth (YoY)9.65%-5.15%
Revenue Growth (3Y CAGR)13.59%3.32%
EPS Growth (YoY)91.09%--
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Spotify Technology (SPOT) at 2.11 keeps current ratio within its industry’s typical mid-range, while Warner Bros. Discovery (WBD) at 0.78 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WBD.

SPOT

Media & Entertainment industry group

2.11

Max
4.50
Q3
2.38
SPOT
2.11
Median
1.45
Q1
0.86
Min
0.23

WBD

Media & Entertainment industry group

0.78

Max
4.50
Q3
2.38
Median
1.45
Q1
0.86
WBD
0.78
Min
0.23
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their current ratio against the Media & Entertainment industry group benchmark.

Debt / Equity (MRQ)

Spotify Technology (SPOT) at 0.06 keeps leverage in the lower industry quartile, while Warner Bros. Discovery (WBD) at 0.94 runs a more typical debt-to-equity mix.

SPOT

Media & Entertainment industry group

0.06

Max
2.66
Q3
1.44
Median
0.51
Q1
0.17
SPOT
0.06
Min
0.00

WBD

Media & Entertainment industry group

0.94

Max
2.66
Q3
1.44
WBD
0.94
Median
0.51
Q1
0.17
Min
0.00
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their debt-to-equity ratio against the Media & Entertainment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Spotify Technology (SPOT) and Warner Bros. Discovery (WBD)
MetricSPOTWBD
Current Ratio (MRQ)2.110.78
Debt / Equity (MRQ)0.060.94
Net Debt / EBITDA-2.433.67

Dividends

Dividend Yield (TTM)

Neither Spotify Technology (SPOT) nor Warner Bros. Discovery (WBD) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

SPOT

Media & Entertainment industry group

0.00%

Max
1.42%
Q3
0.61%
SPOT
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

WBD

Media & Entertainment industry group

0.00%

Max
1.42%
Q3
0.61%
WBD
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their dividend yield against the Media & Entertainment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Spotify Technology (SPOT) nor Warner Bros. Discovery (WBD) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

SPOT

Media & Entertainment industry group

0.00%

Max
43.37%
Q3
19.42%
SPOT
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

WBD

Media & Entertainment industry group

0.00%

Max
43.37%
Q3
19.42%
WBD
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their payout ratio against the Media & Entertainment industry group benchmark.

Dividend Metrics

Dividend metrics for Spotify Technology (SPOT) and Warner Bros. Discovery (WBD)
MetricSPOTWBD
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Spotify Technology (SPOT) trades at 28.40 times trailing earnings, ranked against its peers, while Warner Bros. Discovery (WBD) has no P/E ratio this period.

SPOT

Media & Entertainment industry group

28.40

Max
71.36
Q3
37.90
SPOT
28.40
Median
18.95
Q1
10.54
Min
1.77

WBD

Media & Entertainment industry group

--

Max
71.36
Q3
37.90
Median
18.95
Q1
10.54
Min
1.77
WBD
--
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): WBD does not report P/E ratio, so it has no value marker; SPOT is benchmarked against the Media & Entertainment industry group.

P/S Ratio (TTM)

Warner Bros. Discovery (WBD) at 1.95 is priced about in line with its industry on P/S ratio, while Spotify Technology (SPOT) at 5.97 sits in the pricier quartile — SPOT costs more per dollar of sales.

SPOT

Media & Entertainment industry group

5.97

Max
7.24
SPOT
5.97
Q3
3.54
Median
1.43
Q1
0.55
Min
0.00

WBD

Media & Entertainment industry group

1.95

Max
7.24
Q3
3.54
WBD
1.95
Median
1.43
Q1
0.55
Min
0.00
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their P/S ratio against the Media & Entertainment industry group benchmark.

P/B Ratio (MRQ)

Warner Bros. Discovery (WBD) at 2.14 is valued about in line with its industry on P/B ratio, while Spotify Technology (SPOT) at 11.04 carries an above-peer premium to book — SPOT is pricier on assets.

SPOT

Media & Entertainment industry group

11.04

Max
11.38
SPOT
11.04
Q3
5.03
Median
1.89
Q1
0.75
Min
-3.64

WBD

Media & Entertainment industry group

2.14

Max
11.38
Q3
5.03
WBD
2.14
Median
1.89
Q1
0.75
Min
-3.64
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Spotify Technology (SPOT) vs. Warner Bros. Discovery (WBD): A comparison of their P/B ratio against the Media & Entertainment industry group benchmark.

Valuation Metrics

Valuation metrics for Spotify Technology (SPOT) and Warner Bros. Discovery (WBD)
MetricSPOTWBD
P/E Ratio (TTM)28.40--
P/S Ratio (TTM)5.971.95
P/B Ratio (MRQ)11.042.14
Free Cash Flow Yield (TTM)1.43%23.00%