Communication Services

Interactive Media & Services · 14

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
A Alphabet GOOGL	$3.94T	$402.8B	15.1%	32.0%	36.7%	16.1x	1.2%
M Meta Platforms META	$1.65T	$201.0B	22.2%	41.4%	35.5%	21.9x	1.0%
R Reddit RDDT	$29.1B	$2.2B	69.4%	20.1%	119.1%	33.5x	4.0%
M Match Group MTCH	$11.3B	$3.5B	0.2%	25.0%	28.3%	16.2x	0.4%
S Snap SNAP	$10.5B	$5.9B	10.6%	−9.0%	−14.8%	—	0.2%
P People Inc. PPLI	$2.9B	$2.4B	−8.7%	−4.1%	−1.3%	8.5x	2.7%
C CarGurus CARG	$2.9B	$907M	13.7%	27.0%	90.3%	17.1x	3.7%
G Grindr GRND	$2.4B	$440M	27.6%	28.7%	44.3%	27.4x	3.0%
T Trump Media & Technology Group DJT	$1.8B	$3.7M	1.8%	−15,560.9%	−39.4%	—	3.2%
R Rumble RUM	$1.6B	$101M	5.4%	−125.9%	—	—	1.8%
Z ZoomInfo GTM	$1.3B	$1.2B	2.9%	18.1%	5.3%	—	0.9%
Y Yelp YELP	$1.1B	$1.5B	3.8%	12.6%	—	9.6x	3.4%
T Tripadvisor TRIP	$1.1B	$1.9B	3.1%	4.2%	8.9%	156.8x	2.7%
Q QuinStreet QNST	$961M	$1.3B	18.3%	2.7%	17.4%	—	2.1%

Services-Advertising · 13

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
I Ibotta, Inc. IBTA	$1.1B	$342M	−6.8%	−0.2%	−0.5%	—	0.6%
M MNTN, Inc. MNTN	$761M	$290M	28.6%	8.3%	—	4.5x	1.8%
A Angi Inc. ANGI	$268M	$1.0B	−13.0%	6.3%	4.1%	—	1.6%
N National CineMedia, Inc. NCMI	$177M	$243M	1.0%	−5.7%	−3.1%	—	2.6%
F Fluent, Inc. FLNT	$86.7M	$209M	−18.0%	−9.7%	−40.3%	—	0.0%
T Thryv Holdings, Inc. THRY	$52.8M	$785M	−4.7%	7.2%	8.0%	—	0.8%
T Travelzoo TZOO	$52.3M	$91.7M	9.3%	7.5%	—	101.4x	0.4%
I IZEA Worldwide, Inc. IZEA	$40.0M	$31.2M	−12.9%	−6.0%	—	—	2.6%
P PSQ Holdings, Inc. PSQH	$10.6M	$18.2M	81.1%	−175.4%	—	7.1x	0.7%
I Inuvo, Inc. INUV	$6.4M	$86.2M	2.9%	−7.8%	—	—	1.3%
S Star Fashion Culture Holdings Ltd STFS	—	$30.0M	79.5%	−16.2%	−25.1%	—	��
E Everbright Digital Holding Ltd. EDHL	—	$1.9M	−32.6%	—	—	—	��
C Clear Channel Outdoor Holdings, Inc. CCO	—	$1.6B	6.6%	19.4%	16.2%	—	��

Services-Amusement & Recreation Services · 12

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
L Liberty Live Holdings, Inc. LLYVA	$8.9B	$382M	12.2%	−13.5%	−3.8%	—	0.9%
A Atlanta Braves Holdings, Inc. BATRA	$3.5B	$732M	10.5%	−1.8%	−0.9%	—	0.1%
A Accel Entertainment, Inc. ACEL	$918M	$1.3B	8.1%	8.1%	13.2%	16.4x	0.3%
R Reservoir Media, Inc. RSVR	$629M	$176M	10.7%	21.8%	3.3%	73.6x	0.3%
L Lucky Strike Entertainment Corp LUCK	$571M	$1.2B	3.7%	11.0%	8.1%	—	6.9%
G GameSquare Holdings, Inc. GAME	$219M	$45.0M	63.4%	−56.1%	—	—	4.9%
V Venu Holding Corp VENU	$78.5M	$17.9M	0.4%	−257.8%	−30.5%	—	2.3%
H High Roller Technologies, Inc. ROLR	$55.6M	$20.5M	−11.9%	−30.2%	—	13.4x	0.4%
A All In FutureTech Alliance, Inc. AIFA	$28.3M	$8.0M	−12.2%	−489.7%	—	—	9.4%
N Nomadar Corp. NOMA	$26.0M	$0.0M	−20.0%	−42,054.7%	—	—	3.5%
B BUUU Group Ltd BUUU	—	$6.3M	8.9%	16.3%	60.6%	—	12.5%
A Ambitions Enterprise Management Co. L.l.c AHMA	—	$20.2M	9.1%	6.4%	—	—	��

Movies & Entertainment · 11

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
N Netflix NFLX	$276.2B	$45.2B	15.9%	29.5%	36.7%	19.0x	1.8%
D Disney DIS	$196.1B	$94.4B	3.4%	18.6%	11.8%	23.2x	0.5%
L Live Nation Entertainment LYV	$42.3B	$25.2B	8.8%	5.0%	—	—	0.6%
R Roku ROKU	$24.1B	$4.7B	15.2%	−0.1%	—	67.5x	0.9%
T TKO Group TKO	$13.1B	$4.7B	−3.1%	17.6%	5.9%	—	2.6%
M Madison Square Garden Sports MSGS	$9.4B	$1.2B	11.0%	2.5%	—	—	0.2%
S Sphere Entertainment SPHR	$3.9B	$1.2B	18.8%	−18.8%	−4.8%	—	2.4%
L Lionsgate Studios LION	$3.6B	$2.6B	1.8%	3.7%	8.3%	—	1.7%
I IMAX IMAX	$3.0B	$410M	16.5%	20.5%	—	74.1x	2.0%
A AMC Entertainment AMC	$2.1B	$4.8B	4.6%	−0.4%	−0.8%	—	1.0%
W Warner Music Group WMG	—	$6.7B	4.4%	10.4%	12.2%	—	2.6%

Communications Services, Nec · 10

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
G Globalstar, Inc. GSAT	$10.7B	$273M	9.0%	2.7%	1.5%	—	0.2%
C Calix, Inc CALX	$2.4B	$1.0B	20.3%	2.1%	—	48.6x	1.2%
S Spire Global, Inc. SPIR	$347M	$71.6M	−35.2%	−134.1%	−287.9%	—	3.4%
G Gogo Inc. GOGO	$296M	$910M	104.7%	12.5%	9.1%	—	2.8%
K Kvh Industries Inc \De\ KVHI	$134M	$111M	−2.5%	−10.1%	—	—	3.2%
B BuzzFeed, Inc. BZFD	$53.1M	$185M	−2.4%	−25.8%	−38.1%	—	0.6%
E Elauwit Connection, Inc. ELWT	$35.6M	$21.6M	154.5%	−17.1%	−1,134.8%	—	0.4%
F Fabric.AI, Inc. FABC	$8.2M	$0.1M	98.4%	−8,259.0%	—	—	3.4%
O Our Bond, Inc. OBAI	$0.1M	$10.0M	2.4%	−92.8%	—	—	13.5%
A Anghami Inc ANGH	—	$99.3M	27.2%	−88.0%	—	—	��

Telephone Communications (No Radiotelephone) · 8

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
I Idt Corp IDT	$2.1B	$1.3B	5.4%	9.3%	—	23.8x	1.5%
A Anterix Inc. ATEX	$1.5B	$6.5M	7.8%	1,444.9%	—	21.5x	2.4%
A ATN International, Inc. ATNI	$401M	$728M	−0.2%	3.9%	2.5%	2.5x	1.2%
C Crexendo, Inc. CXDO	$197M	$68.2M	12.0%	6.9%	13.6%	41.1x	0.5%
N NextPlat Corp NXPL	$23.0M	$54.3M	−17.8%	−16.6%	−145.4%	—	1.7%
S SurgePays, Inc. SURG	$3.4M	$57.0M	−6.4%	−59.9%	−178.3%	—	5.7%
i iQSTEL Inc IQST	—	$317M	11.9%	−1.3%	−18.5%	—	2.7%
Q Qwest Corp CTGG	—	$4.7B	−13.8%	−21.3%	−6.3%	—	0.0%

Television Broadcasting Stations · 8

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
N Newsmax Inc. NMAX	$1.0B	$189M	10.7%	−52.8%	—	66.1x	2.9%
S Sinclair, Inc. SBGI	$894M	$3.2B	−10.7%	5.5%	3.5%	15.1x	3.2%
E Entravision Communications Corp EVC	$641M	$448M	22.6%	−18.6%	−41.2%	—	0.5%
G Gray Media, Inc GTN	$458M	$3.1B	−15.1%	12.7%	4.1%	—	2.6%
E E.W. SCRIPPS Co SSP	$199M	$2.2B	−14.3%	8.6%	3.8%	—	13.3%
L Liberty Media Corp FWONA	—	$4.5B	22.7%	12.9%	4.0%	—	1.8%
G Grupo Televisa, S.a.b. TV	—	$3.1B	−9.8%	7.2%	4.5%	—	1.3%
P Phoenix New Media Ltd FENG	—	$107M	8.9%	−4.5%	—	—	��

Radio Broadcasting Stations · 7

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
S Spotify Technology S.A. SPOT	$123.0B	$19.4B	14.3%	12.8%	68.3%	49.3x	0.1%
i iHeartMedia, Inc. IHRT	$295M	$3.9B	0.3%	−0.5%	−0.6%	—	8.7%
M Mediaco Holding Inc. MDIA	$90.8M	$133M	39.5%	−18.6%	−17.1%	—	1.8%
T Townsquare Media, Inc. TSQ	$68.2M	$427M	−5.2%	10.3%	9.0%	—	0.3%
S Saga Communications Inc SGA	$50.0M	$107M	−5.1%	−10.3%	−7.0%	—	2.4%
U Urban One, Inc. UONE	$18.4M	$374M	−16.7%	−45.4%	−30.6%	—	1.1%
B Beasley Broadcast Group Inc BBGI	$14.0M	$206M	−14.3%	−111.5%	−101.5%	—	4.4%

Cable & Other Pay Television Services · 7

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
A Adeia Inc. ADEA	$2.4B	$443M	17.9%	39.5%	18.1%	19.5x	0.3%
L Liberty Latin America Ltd. LILA	$1.6B	$4.4B	−0.1%	2.4%	1.1%	—	1.2%
L Liberty Capital Corp/NV GLIBA	$854M	$1.0B	3.0%	−33.2%	−12.2%	—	1.0%
A AMC Global Media Inc. AMCX	$395M	$2.3B	−4.5%	5.8%	4.1%	—	1.6%
O Optimum Communications, Inc. OPTU	$294M	$8.6B	−4.1%	−1.3%	−0.4%	—	9.9%
P Paradium.AI, Inc. PAAI	$34.8M	$135M	698.2%	30.3%	48.6%	3.7x	0.2%
C Cable One, Inc. CABO	$27.5M	$1.5B	−4.9%	−13.8%	−3.6%	—	13.9%

Advertising · 5

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
A AppLovin APP	$87.7B	$5.5B	70.0%	75.8%	98.2%	20.0x	1.5%
O Omnicom Group OMC	$22.8B	$17.3B	10.1%	2.6%	2.0%	80.3x	0.1%
T The Trade Desk TTD	$6.1B	$2.9B	18.5%	20.4%	—	15.7x	1.2%
D DoubleVerify DV	$2.1B	$748M	13.9%	10.6%	—	38.7x	0.1%
Z Ziff Davis ZD	$2.1B	$1.5B	3.5%	12.6%	6.0%	3.3x	0.1%

Services-Advertising Agencies · 5

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
S Stagwell Inc STGW	$2.2B	$2.9B	2.4%	5.5%	5.2%	—	0.1%
C Criteo S.A. CRTO	$752M	$1.9B	0.6%	10.4%	—	5.6x	0.1%
G Groupon, Inc. GRPN	$628M	$498M	1.2%	4.7%	444.2%	—	0.7%
S Stran & Company, Inc. SWAGW	$0.1M	$116M	40.6%	−1.7%	—	0.5x	74.2%
T TJGC GROUP Ltd TJGC	—	$3.7M	−5.9%	−78.1%	−62.4%	—	��

Wireless Telecommunication Services · 4

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
T T-Mobile US TMUS	$158.6B	$88.3B	8.5%	20.7%	9.8%	15.3x	7.7%
E EchoStar ECHO	$31.3B	$15.0B	−5.2%	−118.1%	−39.9%	—	3.8%
A AST SpaceMobile ASTS	$11.9B	$70.9M	1,511.8%	—	—	—	2.6%
S Shenandoah Telecommunications SHEN	$575M	$358M	9.1%	−6.5%	−1.3%	—	0.5%

Cable & Satellite · 4

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
C Comcast CMCSA	$80.8B	$123.7B	−0.0%	16.7%	8.9%	7.2x	0.7%
C Charter Communications CHTR	$13.2B	$54.8B	−0.6%	23.6%	8.7%	2.8x	2.8%
V Versant Media Group VSNT	$4.4B	$6.7B	−5.3%	19.0%	8.7%	—	2.7%
L Liberty Global LBTYA	$2.7B	$4.9B	12.4%	−0.5%	−0.1%	—	3.4%

Broadcasting · 4

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
W Warner Bros. Discovery WBD	$79.7B	$37.3B	−5.2%	2.0%	0.6%	—	��
F Fox FOXA	$29.2B	$17.1B	5.1%	—	14.8%	—	2.4%
S SiriusXM SIRI	$9.4B	$8.6B	−1.6%	17.2%	5.3%	11.1x	0.3%
N Nexstar Media Group NXST	$5.2B	$4.9B	−8.5%	17.2%	5.6%	31.8x	0.8%

Alternative Carriers · 4

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
I Iridium Communications IRDM	$4.8B	$872M	4.9%	27.1%	8.7%	29.4x	1.4%
L Lumen Technologies LUMN	$4.6B	$12.4B	−5.4%	−6.6%	−3.9%	—	2.5%
U Uniti Group UNIT	$1.3B	$2.2B	91.5%	11.7%	4.0%	—	2.3%
C Cogent Communications CCOI	$362M	$976M	−5.8%	−10.4%	−3.8%	—	2.5%

Commercial Printing · 4

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
C CIMPRESS plc CMPR	$2.0B	$3.7B	9.8%	6.7%	18.8%	21.2x	2.3%
Q Quad/Graphics, Inc. QUAD	$468M	$2.4B	−9.4%	4.0%	18.5%	16.9x	3.1%
C CPI Card Group Inc. PMTS	$324M	$544M	13.1%	10.1%	15.4%	23.4x	1.8%
M Millennium Group International Holdings Ltd MGIH	—	$25.3M	−34.2%	−23.7%	−18.0%	—	��

Services-Motion Picture & Video Tape Production · 4

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
A Angel Studios, Inc. ANGX	$643M	$322M	233.2%	−51.0%	—	—	0.3%
C CuriosityStream Inc. CURI	$173M	$71.7M	40.1%	−10.2%	—	—	1.0%
K Kartoon Studios, Inc. TOON	$36.7M	$39.4M	20.7%	−32.8%	—	8.6x	3.1%
G Gaia, Inc GAIA	$35.7M	$4.5M	55.2%	−113.4%	−5.0%	—	0.7%

Integrated Telecommunication Services · 3

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
V Verizon VZ	$186.3B	$138.2B	2.5%	21.2%	9.4%	11.6x	1.2%
A AT&T T	$143.2B	$125.6B	2.7%	19.2%	8.7%	11.3x	8.0%
T Telephone and Data Systems TDS	$4.1B	$1.2B	−5.3%	−7.9%	−1.5%	11.7x	1.6%

Interactive Home Entertainment · 3

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
T Take-Two Interactive TTWO	$37.9B	$6.7B	18.2%	−1.6%	−2.0%	—	2.0%
R Roblox RBLX	$37.9B	$4.9B	35.8%	−25.2%	—	—	2.0%
P Pinterest PINS	$12.6B	$4.2B	15.8%	7.6%	13.2%	65.6x	2.7%

Publishing · 3

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
N News NWSA	$17.2B	$9.0B	6.8%	—	8.9%	—	1.1%
N New York Times NYT	$11.3B	$2.8B	9.2%	15.3%	23.8%	29.0x	0.2%
J John Wiley & Sons WLY	$2.7B	$1.7B	−0.1%	16.5%	19.0%	14.5x	0.3%

Services-Motion Picture Theaters · 3

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
C Cinemark Holdings, Inc. CNK	$4.5B	$3.1B	2.1%	—	—	30.5x	0.1%
M Marcus Corp MCS	$868M	$758M	3.1%	2.2%	2.9%	—	1.2%
R Reading International Inc RDI	$42.7M	$203M	−3.6%	−2.6%	−2.2%	—	4.7%

Radiotelephone Communications · 3

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
A Array Digital Infrastructure, Inc. AD	$2.9B	$163M	58.3%	−56.8%	−3.0%	5.4x	0.7%
S Spok Holdings, Inc SPOK	$217M	$140M	1.5%	14.1%	—	18.1x	3.8%
S Sidus Space Inc. SIDU	$98.9M	$3.4M	−27.6%	−827.7%	—	—	3.6%

Newspapers: Publishing Or Publishing & Printing · 3

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
U USA TODAY Co., Inc. TDAY	$1.3B	$2.3B	−8.3%	—	—	—	2.6%
D Daily Journal Corp DJCO	$817M	$87.7M	25.4%	10.9%	—	—	3.4%
L LEE ENTERPRISES, Inc LEE	$141M	$562M	−8.0%	−0.8%	−0.9%	—	2.3%

Miscellaneous Publishing · 2

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
M McGraw Hill, Inc. MH	$2.8B	$2.1B	0.1%	13.2%	7.4%	29.8x	1.2%
W WEBTOON Entertainment Inc. WBTN	$1.3B	$1.4B	2.5%	−4.6%	—	—	0.5%

Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work · 2

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
D Deluxe Corp DLX	$1.1B	$2.1B	0.5%	10.9%	7.7%	10.7x	2.3%
A ACCO BRANDS Corp ACCO	$437M	$1.5B	−8.5%	6.1%	5.3%	7.4x	2.4%

Telegraph & Other Message Communications · 2

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
T TechTarget, Inc. TTGT	$268M	$487M	70.9%	−210.7%	—	—	2.1%
M Myseum.AI, Inc. MYSE	$6.9M	$0.0M	50.0%	−915,016.7%	—	—	0.7%

Services-Video Tape Rental · 2

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
C Cineverse Corp. CNVS	$31.2M	$65.7M	−15.9%	−23.1%	—	—	1.9%
i iQIYI, Inc. IQ	—	$3.8B	−6.5%	0.8%	1.5%	—	1.8%

Manifold Business Forms · 1

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
E Ennis, Inc. EBF	$573M	$392M	−0.6%	13.4%	—	14.8x	1.2%

Services-Racing, Including Track Operation · 1

Company	Market cap	Revenue	Growth	Op. margin	ROIC	P/E	Day
C Canterbury Park Holding Corp CPHC	$81.3M	$59.6M	−3.2%	4.1%	—	—	0.9%