The Largest Communication Services Companies by Market Cap in October 2025

Alphabet, Meta Platforms, and Tencent dominate the communications sector.

By Lyle Daly – Updated Oct 7, 2025 at 10:20 PM | Fact-checked by Frank Bass

Key Points

Alphabet, most famous for owning the Google search engine, leads the communications sector by market cap.
Top communications companies, like Alphabet and Meta, drive the sector's value through innovation in media services.
Investors can choose between growth-oriented IT firms and stable dividend-paying telecoms.

Alphabet (GOOG +0.46%) (GOOGL +0.54%) is the top communications company by market cap, followed by Meta Platforms (META +0.10%) and Tencent (TCEHY +2.34%). This is a valuable market sector, mainly due to a few of the largest communications companies at the very top.

Loading paragraph...

Communication network around Earth. — Image source: Getty Images.

Loading image...

Loading paragraph...

Ticker Information Table
Name and ticker	Market cap	Current price	Industry
Alphabet (NASDAQ:GOOG)	$3.1 trillion	$253.69	Interactive Media and Services
Meta Platforms (NASDAQ:META)	$1.8 trillion	$734.15	Interactive Media and Services
Tencent (OTC:TCEHY)	$742.0 billion	$81.82	Interactive Media and Services
Netflix (NASDAQ:NFLX)	$473.2 billion	$1,113.89	Entertainment
T-Mobile US (NASDAQ:TMUS)	$247.6 billion	$219.79	Wireless Telecommunication Services
Walt Disney (NYSE:DIS)	$203.2 billion	$113.04	Entertainment
AT&T (NYSE:T)	$176.0 billion	$24.62	Diversified Telecommunication Services
Verizon Communications (NYSE:VZ)	$161.9 billion	$38.40	Diversified Telecommunication Services
Deutsche Telekom Ag (OTC:DTEGF)	$162.6 billion	$33.73	Diversified Telecommunication Services

Data as of Oct 24, 2025.

Loading ticker_table...

Loading paragraph...

NASDAQ: GOOG

Alphabet

Today's Change

(0.46%) $1.16

Current Price

$253.69

Key Data Points

Market Cap

$3069B

Day's Range

$252.77 - $255.85

52wk Range

$142.66 - $257.88

Volume

513K

Avg Vol

22M

Gross Margin

58.92%

Dividend Yield

0.00%

Loading company_card...

Market cap: $2.98 trillion (as of Oct. 3)
Revenue (TTM): $371.4 billion
Gross profit (TTM): $218.9 billion
Five-year annualized return: 27.90%
Year founded: 1998 (Google), 2015 (Alphabet)

TTM = trailing 12 months.

Alphabet is the parent company of Google, the world's most widely used search engine. Other products and services offered through Google include its Chrome web browser, Gmail, the Pixel line of smartphones, and artificial intelligence (AI) assistant Gemini. Alphabet owns several other major companies, including YouTube, Waymo, Waze, Nest, and Fitbit.

In 2024, a judge ruled that Google's search business is an illegal monopoly. In September 2025, another judge ruled against the harshest penalties proposed by the U.S. Department of Justice, including breaking up Google through the sale of Chrome or Android. Google can also still pay partners to preload its search engine onto their products, but it can no longer demand exclusivity as part of those deals.

2. Meta Platforms

Loading paragraph...

NASDAQ: META

Meta Platforms

Today's Change

(0.10%) $0.74

Current Price

$734.15

Key Data Points

Market Cap

$1844B

Day's Range

$733.10 - $742.36

52wk Range

$479.80 - $796.25

Volume

680K

Avg Vol

12M

Gross Margin

81.95%

Dividend Yield

0.00%

Loading company_card...

Market cap: $1.83 trillion (as of Oct. 3)
Revenue (TTM): $178.8 billion
Gross profit (TTM): $146.5 billion
Five-year annualized return: 22.98%
Year founded: 2004

Meta Platforms aims to connect people through technology. It's the parent company of Facebook, Instagram, Messenger, and WhatsApp, and it develops virtual reality (VR) and augmented reality (AR) devices, including the Meta Quest.

Originally known as Facebook, the company rebranded to Meta Platforms in 2021. Since then, it has invested in building the metaverse and has made a heavy push into AI technology. It plans to use AI to automate ad creation and is helping to develop AI-powered military products. Meta also launched an AI superintelligence unit, Meta Superintelligence Labs, in June 2025. And it entered into a $14.2 billion AI cloud infrastructure agreement with Coreweave (CRWV +1.49%) in September 2025.

Loading paragraph...

Loading pitch...

3. Tencent

Loading paragraph...

OTC: TCEHY

Tencent

Today's Change

(2.34%) $1.87

Current Price

$81.82

Key Data Points

Market Cap

$742B

Day's Range

$81.19 - $82.50

52wk Range

$46.76 - $87.68

Volume

1.9M

Avg Vol

1.8M

Gross Margin

53.46%

Dividend Yield

0.01%

Loading company_card...

Loading paragraph...

NASDAQ: NFLX

Netflix

Today's Change

(-0.22%) $-2.48

Current Price

$1113.89

Key Data Points

Market Cap

$473B

Day's Range

$1099.79 - $1127.94

52wk Range

$747.77 - $1341.15

Volume

353K

Avg Vol

3.3M

Gross Margin

48.02%

Dividend Yield

N/A

Loading company_card...

Market cap: $493.99 billion (as of Oct. 3)
Revenue (TTM): $41.7 billion
Gross profit (TTM): $20.2 billion
Five-year annualized return: 18.23%
Year founded: 1997

With more than 300 million subscribers, Netflix is the world's most popular streaming service. It started as a mail-based DVD rental service before launching its streaming service in 2007. Netflix boasts a massive content library of movies, TV shows, and games, with more than half of its content in the U.S. being Netflix Originals.

In 2024, Netflix began a push toward live sports. It streamed the boxing match between Mike Tyson and Jake Paul, which Netflix claims was the most-streamed sporting event ever, and aired multiple NFL games.

5. T-Mobile US

Loading paragraph...

NASDAQ: TMUS

T-Mobile US

Today's Change

(-3.35%) $-7.61

Current Price

$219.79

Key Data Points

Market Cap

$248B

Day's Range

$215.88 - $225.56

52wk Range

$208.39 - $276.49

Volume

388K

Avg Vol

4.3M

Gross Margin

48.53%

Dividend Yield

0.02%

Loading company_card...

Loading paragraph...

NYSE: DIS

Walt Disney

Today's Change

(-0.04%) $-0.04

Current Price

$113.04

Key Data Points

Market Cap

$203B

Day's Range

$111.91 - $113.83

52wk Range

$80.10 - $124.69

Volume

203K

Avg Vol

8.1M

Gross Margin

31.80%

Dividend Yield

0.01%

Loading company_card...

Market cap: $201.62 billion (as of Oct. 3)
Revenue (TTM): $94.5 billion
Gross profit (TTM): $35.6 billion
Five-year annualized return: -1.43%
Year founded: 1923

Walt Disney is one of the world's most iconic media and entertainment companies. Its entertainment division includes film production, multiple streaming services, and TV channels. The experiences division has theme parks, resorts, cruises, and vacation packages. Disney also has a sports division led by ESPN.

Disney will undergo a leadership change when current CEO Bob Iger's contract expires at the end of 2026. The company plans to name a successor early in 2026.

8. AT&T

Loading paragraph...

NYSE: T

AT&T

Today's Change

(-3.64%) $-0.93

Current Price

$24.62

Key Data Points

Market Cap

$176B

Day's Range

$24.48 - $25.75

52wk Range

$21.38 - $29.79

Volume

5.2K

Avg Vol

37M

Gross Margin

42.70%

Dividend Yield

0.05%

Loading company_card...

Market cap: $193.13 billion (as of Oct. 3)
Revenue (TTM): $124.0 billion
Gross profit (TTM): $74.0 billion
Five-year annualized return: 11.26%
Year founded: 1983

With 118 million subscribers as of the second quarter of 2025, AT&T is the third-largest U.S. wireless carrier. It offers postpaid and prepaid wireless plans, home internet, and phone and device sales.

AT&T has streamlined its services in recent years. The wireless company used to own DirecTV but spun that off into a new company in 2021. It also previously owned WarnerMedia, which it sold in 2021.

Loading paragraph...

Loading pitch...

9. Verizon Communications

Loading paragraph...

NYSE: VZ

Verizon Communications

Today's Change

(-3.52%) $-1.40

Current Price

$38.40

Key Data Points

Market Cap

$162B

Day's Range

$38.39 - $39.86

52wk Range

$37.59 - $47.35

Volume

14K

Avg Vol

21M

Gross Margin

46.08%

Dividend Yield

0.07%

Loading company_card...

Market cap: $182.99 billion (as of Oct. 3)
Revenue (TTM): $137.0 billion
Gross profit (TTM): $81.3 billion
Five-year annualized return: -0.36%
Year founded: 1983

While it's not the largest by market cap, Verizon Communications is the No. 1 U.S. wireless carrier in terms of subscribers -- 146 million as of the second quarter of 2025. Like other major wireless companies, Verizon also offers home internet service.

10. Deutsche Telekom

Loading paragraph...

OTC: DTEGF

Deutsche Telekom Ag

Today's Change

(-3.27%) $-1.14

Current Price

$33.73

Key Data Points

Market Cap

$163B

Day's Range

$33.73 - $35.21

52wk Range

$28.90 - $39.70

Volume

1.2K

Avg Vol

27K

Gross Margin

25.00%

Dividend Yield

N/A

Loading company_card...

Market cap: $164.69 billion (as of Oct. 3)
Revenue (TTM): $137.6 billion*
Gross profit (TTM): $84.3 billion*
Five-year annualized return: 18.95%
Year founded: 1995

*Converted from euros.

Deutsche Telekom is a German telecommunications company. It's partially state-owned, with the German government holding a direct stake. Deutsche Telekom has more than a dozen subsidiaries, including T-Mobile.

The Largest Communications Services Companies by Market Cap in October 2025

Alphabet, Meta Platforms, and Tencent dominate the communications sector.

Key Points

Key Data Points

2. Meta Platforms

Key Data Points

3. Tencent

Key Data Points

Key Data Points

5. T-Mobile US

Key Data Points

Key Data Points

8. AT&T

Key Data Points

9. Verizon Communications

Key Data Points

10. Deutsche Telekom

Key Data Points

Related investing topics

What Is ChatGPT and How to Invest in It

How to Invest in SoundHound AI (SOUN)

How to Invest in IonQ (IONQ)

How to Buy HBO Stock

About the Author

Premium Investing Services

What Is ChatGPT and How to Invest in It

How to Invest in SoundHound AI (SOUN)

How to Invest in IonQ (IONQ)

How to Buy HBO Stock

Key Data Points

Key Data Points

Key Data Points

Key Data Points

Key Data Points

Key Data Points

Largest companies by market cap in the communications sector

1. Alphabet

2. Meta Platforms

3. Tencent

5. T-Mobile US

6. China Mobile

7. Walt Disney

8. AT&T

9. Verizon Communications

10. Deutsche Telekom

Related investing topics

Communications sector takeaways for investors

Key Data Points

Key Data Points

Key Data Points

4. Netflix