undamentalytics Newsletter

Advertising stocks

30 US-listed companies in advertising, with $49.7bn of combined revenue in their latest fiscal years. WPP plc is the largest ($17.9bn). The fastest grower with at least $100m of revenue in both years is Teads Holding Co., up 46.1%. The median company grew 1.0% with a net margin of −0.6%.

Companies30
Combined revenue$49.7bn
Median revenue growth1.0%
Median net margin−0.6%
Median return on equity−0.9%
#CompanyRevenueGrowthNet marginROEFiscal year
1 WPP plcWPP $17.9bn −5.1% −1.6% −7.3% 2025
2 Omnicom GroupOMC $17.3bn 10.1% −0.3% −0.7% 2025
3 Advantage Solutions Inc.ADV $3.5bn −0.7% −6.4% −35.0% 2025
4 Stagwell IncSTGW $2.9bn 2.4% 1.0% 5.3% 2025
5 Taboola.com Ltd.TBLA $1.9bn 8.3% 2.2% 4.3% 2025
6 Teads Holding Co.TEAD $1.3bn 46.1% −39.8% — 2025
7 Thryv Holdings, Inc.THRY $785m −4.7% 0.0% 0.1% 2025
8 Doubleverify Holdings, Inc.DV $748m 13.9% 6.8% 4.6% 2025
9 Magnite, Inc.MGNI $714m 6.9% 20.3% 17.1% 2025
10 Perion Network Ltd.PERI $440m −11.7% −1.8% −1.1% 2025
11 Nexxen International Ltd.NEXN $365m −0.2% 6.9% 5.0% 2025
12 Viant Technology Inc.DSP $344m 19.0% 2.4% 12.3% 2025
13 Mntn, Inc.MNTN $290m 28.6% −2.2% −6.5% 2025
14 National Cinemedia, Inc.NCMI $243m 1.0% −4.4% −2.7% 2025
15 Cardlytics, Inc.CDLX $233m −16.2% −44.4% — 2025
16 Fluent, Inc.FLNT $209m −18.0% −13.0% −125.9% 2025
17 Harte Hanks IncHHS $160m −13.9% −0.5% −3.8% 2025
18 Stran & Company, Inc.SWAG $116m 40.6% −0.6% −2.4% 2025
19 Inuvo, Inc.INUV $86m 2.9% −5.9% −43.4% 2025
20 Wimi Hologram Cloud Inc.WIMI $59m −22.0% 73.2% 19.0% 2025
21 36kr Holdings Inc.KRKR $32m −1.2% 4.9% 9.0% 2025
22 Izea Worldwide, Inc.IZEA $31m −12.9% 0.1% 0.1% 2025
23 Star Fashion Culture Holdings LtdSTFS $30m 79.5% −13.7% −38.7% 2026
24 Forcendra Holding LtdVSME $8m −8.8% −114.5% — 2025
25 Dreamland LtdTDIC $6m 10.5% −146.1% — 2026
26 Knorex LTD.KNRX $6m −44.2% −191.2% — 2025
27 Tjgc Group LtdTJGC $4m −5.9% −81.8% −130.8% 2026
28 Everbright Digital Holding Ltd.EDHL $2m −32.6% −120.6% −70.8% 2025
29 Token Cat LtdTC $823,751 −87.9% 38.3% — 2025
30 Baosheng Media Group Holdings LtdBAOS $568,993 −8.8% −2112.8% −132.8% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other communication services industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.