CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Largest communication services companies by shareholders' equity

Shareholders' equity is what remains after subtracting liabilities from assets — the accounting book value of the company, not its market value. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 104 · Fiscal year 2025 · Data as of September 25, 2026

AT&T (T) tops the list with $126B in shareholders' equity for fiscal 2025, ahead of Walt Disney ($108B) and Verizon Communications ($106B). The top 10 together report $605B in shareholders' equity; the gap between #1 and #10 is ×9.76. 104 companies in Communication services report shareholders' equity, 4.0% of the 2599-filer universe. The last place on the list, Mediaco Holding, comes in at $46.3M.

Shareholders' equity
#CompanyShareholders' equityYoY15-year trend
1AT&TTUS$126B+7.0%
2Walt DisneyDISUS$108B+6.4%
3Verizon CommunicationsVZUS$106B+5.1%
4ComcastCMCSAUS$96.9B+13.3%
5T-Mobile USTMUSUS$59.2B−4.1%
6Warner Bros. DiscoveryWBDUS$35.9B+5.5%
7NetflixNFLXUS$26.6B+7.6%
8BceBCECA$16.8B+41.7%
9Charter CommunicationsCHTRUS$16.1B+3.0%
10Rogers CommunicationsRCICA$13.0B+79.3%
11Omnicom GroupOMCUS$12.0B+187.2%
12Thomson ReutersTRICA$11.9B−0.8%
13Sirius XMSIRIUS$11.6B+4.4%
14TelusTUCA$11.5B+6.1%
15FoxFOXAUS$10.9B−4.9%
16Versant MediaVSNTUS$10.3B−4.7%
17Spotify TechnologySPOTLU$9.8B+70.5%
18Liberty GlobalLBTYABM$9.7B−21.3%
19NewsNWSAUS$8.8B+7.9%
20Liberty MediaFWONAUS$7.8B+10.4%
21EchostarECHOUS$5.8B−71.4%
22Sunrise CommunicationsSNNRFCH$5.1B+6.1%
23PearsonPSOGB$4.9B−2.9%
24Telephone & Data SystemsTDSUS$4.8B−5.7%
25ViasatVSATUS$4.6B−4.0%
26TimTIMBBR$4.4B+2.5%
27Tko GroupTKOUS$3.7B−8.6%
28Millicom International CellularTIGOLU$3.6B+0.3%
29WPPWPPGB$3.4B−21.4%
30Life Time GroupLTHUS$3.1B+19.8%
31SESSGBAFLU$3.1B−13.3%
32RokuROKUUS$2.7B+6.6%
33Array Digital InfrastructureADUS$2.6B−43.9%
34Sphere EntertainmentSPHRUS$2.2B+1.4%
35Gray MediaGTNUS$2.2B−5.6%
36Nexstar MediaNXSTUS$2.1B−8.6%
37New York TimesNYTUS$2.0B+5.9%
38IqiyiIQCN$1.9B+3.9%
39Ziff DavisZDUS$1.8B−3.2%
40Liberty CapitalGLIBAUS$1.7B+19.4%
41Cable OneCABOUS$1.4B−20.2%
42VeonVEONAE$1.3B+21.9%
43Kyivstar GroupKYIVAE$1.3B+20.3%
44E.W. ScrippsSSPUS$1.2B−5.5%
45Stubhub HoldingsSTUBUS$1.2B+34.4%
46Webtoon EntertainmentWBTNUS$1.2B−20.5%
47CriteoCRTOLU$1.1B+9.5%
48Churchill DownsCHDNUS$1.0B−6.8%
49Amc Global MediaAMCXUS$982M+14.8%
50ScholasticSCHLUS$931M−5.6%
51AngiANGIUS$927M−12.7%
52Shenandoah TelecommunicationsSHENUS$881M−4.1%
53Brightstar LotteryBRSLGB$875M−47.0%
54CalixCALXUS$859M+10.0%
55Mcgraw HillMHUS$775M+77.6%
56StagwellSTGWUS$758M+128.6%
57John Wiley & SonsWLYUS$750M+9.4%
58Genius SportsGENIGB$724M+26.6%
59Warner MusicWMGUS$720M+32.1%
60DeluxeDLXUS$681M+9.6%
61Acco BrandsACCOUS$665M+9.7%
62DraftkingsDKNGUS$631M−37.5%
63TechtargetTTGTUS$595M−62.2%
64Pursuit Attractions & HospitalityPRSUUS$582M+10.7%
65Liberty Latin AmericaLILAUS$556M−49.0%
66Six Flags EntertainmentFUNUS$550M−73.1%
67Onespaworld HoldingsOSW$543M−2.1%
68Atlanta BravesBATRAUS$526M+0.4%
69AdeiaADEAUS$481M+21.2%
70Iridium CommunicationsIRDMUS$463M−19.8%
71MarcusMCSUS$457M−1.6%
72Seaport EntertainmentSEGUS$457M−18.7%
73Atn InternationalATNIUS$444M−9.2%
74SinclairSBGIUS$443M−24.0%
75New Royal Holdco IGDENUS$421M−11.2%
76TelesatTSATCA$388M−21.5%
77Uniti GroupUNITUS$380M+$2.8B
78National CinemediaNCMIUS$375M−8.7%
79Reservoir MediaRSVRUS$374M+3.9%
80GlobalstarGSATUS$356M−0.9%
81IdtIDTUS$340M+25.1%
82Cinemark HoldingsCNKUS$323M−59.0%
83MNTNMNTNUS$306M+$413M
84EnnisEBFUS$305M+2.4%
85Vail ResortsMTNUS$302M−41.5%
86IbottaIBTAUS$288M−37.1%
87Live Nation EntertainmentLYVUS$271M+56.4%
88Accel EntertainmentACELUS$270M+5.7%
89Manchester UnitedMANUGB$257M+4.2%
90Thryv HoldingsTHRYUS$218M+10.8%
91USA TodayTDAYUS$155M+1.3%
92Rush Street InteractiveRSIUS$147M+87.1%
93Spok HoldingsSPOKUS$146M−5.4%
94Quad/GraphicsQUADUS$129M+157.7%
95GrandstandGRSD$108M−12.4%
96NewsmaxNMAXUS$106M+$244M
97GogoGOGOUS$101M+45.9%
98Entravision CommunicationsEVCUS$55.4M−62.0%
99BuzzfeedBZFDUS$49.4M−52.9%
100Mediaco HoldingMDIAUS$46.3M−25.4%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Largest communication services companies by shareholders' equity |url=https://companiesranked.com/en/largest-communication-services-companies-by-shareholders-equity |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-largest-communication-services-companies-by-shareholders-equity-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest communication services companies by shareholders' equity}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-communication-services-companies-by-shareholders-equity}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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