VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Stock Comparison

The Walt Disney Company vs Spotify Technology S.A.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

The Walt Disney Company

DIS · New York Stock Exchange

Market cap (USD)$187.2B
Gross margin (TTM)37.3%
Operating margin (TTM)14.2%
Net margin (TTM)12.8%
SectorCommunication Services
IndustryEntertainment
CountryUS
Data as of2025-12-27
Moat score
78/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into The Walt Disney Company's moat claims, evidence, and risks.

View DIS analysis

Spotify Technology S.A.

SPOT · New York Stock Exchange

Market cap (USD)$101B
Gross margin (TTM)32%
Operating margin (TTM)12.8%
Net margin (TTM)12.8%
SectorCommunication Services
IndustryInternet Content & Information
CountryLU
Data as of2026-01-06
Moat score
65/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Spotify Technology S.A.'s moat claims, evidence, and risks.

View SPOT analysis

Comparison highlights

  • Moat score gap: The Walt Disney Company leads (78 / 100 vs 65 / 100 for Spotify Technology S.A.).
  • Segment focus: The Walt Disney Company has 3 segments (44.1% in Entertainment (Streaming, Linear Networks, Studio & Licensing)); Spotify Technology S.A. has 2 segments (88.2% in Premium (subscription)).
  • Moat breadth: The Walt Disney Company has 6 moat types across 4 domains; Spotify Technology S.A. has 6 across 4.

Primary market context

The Walt Disney Company

Entertainment (Streaming, Linear Networks, Studio & Licensing)

Market

Global video entertainment content and distribution (streaming, TV networks, film/TV studios)

Geography

Global

Customer

Consumers, advertisers, distributors (MVPDs/vMVPDs)

Role

Content owner/producer and distributor

Revenue share

44.1%

Spotify Technology S.A.

Premium (subscription)

Market

Paid music and audio streaming subscriptions

Geography

Global

Customer

Consumers (end-users) and distribution partners (e.g., telcos)

Role

Streaming platform operator

Revenue share

88.2%

Side-by-side metrics

The Walt Disney Company
Spotify Technology S.A.
Ticker / Exchange
DIS - New York Stock Exchange
SPOT - New York Stock Exchange
Market cap (USD)
$187.2B
$101B
Gross margin (TTM)
37.3%
32%
Operating margin (TTM)
14.2%
12.8%
Net margin (TTM)
12.8%
12.8%
Sector
Communication Services
Communication Services
Industry
Entertainment
Internet Content & Information
HQ country
US
LU
Primary segment
Entertainment (Streaming, Linear Networks, Studio & Licensing)
Premium (subscription)
Market structure
Oligopoly
Oligopoly
Market share
n/a
31%-33% (reported)
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
78 / 100
65 / 100
Moat domains
Legal, Demand, Supply, Network
Network, Demand, Legal, Supply
Last update
2025-12-27
2026-01-06

Moat coverage

Shared moat types

Content Rights CurrencyBrand Trust

The Walt Disney Company strengths

Suite BundlingProcurement InertiaCapex Knowhow ScaleEcosystem Complements

Spotify Technology S.A. strengths

Data Network EffectsInteroperability HubTwo Sided NetworkScale Economies Unit Cost

Segment mix

The Walt Disney Company segments

Full profile >

Entertainment (Streaming, Linear Networks, Studio & Licensing)

Oligopoly

44.1%

Sports (ESPN and sports content)

Oligopoly

18.4%

Experiences (Theme parks, resorts, cruises, consumer products)

Oligopoly

37.5%

Spotify Technology S.A. segments

Full profile >

Premium (subscription)

Oligopoly

88.2%

Ad-Supported (advertising)

Competitive

11.8%

Want the full wide moat stocks list?

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Proven models entering the expansion stage with unit economics that work.

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.