VOL. XCIV, NO. 247

* WIDE MOAT STOCKS COMPARISON *

NO ADVICE

Sunday, December 28, 2025

Stock Comparison

Alphabet Inc. vs Universal Music Group N.V.

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

Alphabet Inc.

GOOGL · The Nasdaq Stock Market

Market cap (USD)$3.7T
SectorCommunication Services
CountryUS
Data as of2025-12-21
Moat score
86/ 100

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

View full moat analysis >

Universal Music Group N.V.

UMG · Euronext Amsterdam

Market cap (USD)
SectorCommunication Services
CountryNL
Data as of2025-12-28
Moat score
77/ 100

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

View full moat analysis >

Side-by-side metrics

Alphabet Inc.
Universal Music Group N.V.
Ticker / Exchange
GOOGL - The Nasdaq Stock Market
UMG - Euronext Amsterdam
Market cap (USD)
$3.7T
n/a
Sector
Communication Services
Communication Services
HQ country
US
NL
Primary segment
Google Search & other (Advertising)
Recorded Music
Market structure
Quasi-Monopoly
Oligopoly
Market share
88%-91% (reported)
31%-33% (estimated)
HHI estimate
8,115
n/a
Pricing power
Strong
Moderate
Moat score
86 / 100
77 / 100
Moat domains
Network, Demand, Legal, Supply
Legal, Supply, Demand
Last update
2025-12-21
2025-12-28

Moat coverage

Shared moat types

Content Rights Currency

Alphabet Inc. strengths

Data Network EffectsHabit DefaultTwo Sided NetworkOperational ExcellenceDefault OS GatewaySwitching Costs GeneralCapex Knowhow ScaleEcosystem ComplementsIncubation & patient capital

Universal Music Group N.V. strengths

Scale Economies Unit CostBrand TrustLong Term ContractsService Field Network

Segment mix

Alphabet Inc. segments

Full profile >

Google Search & other (Advertising)

Quasi-Monopoly

56.6%

YouTube (Advertising)

Oligopoly

10.3%

Google Network (Advertising)

Competitive

8.7%

Google Subscriptions, Platforms & Devices

Quasi-Monopoly

11.5%

Google Cloud

Oligopoly

12.4%

Other Bets

Competitive

0.5%

Universal Music Group N.V. segments

Full profile >

Recorded Music

Oligopoly

75.2%

Music Publishing

Oligopoly

17.9%

Merchandising and Other

Competitive

7.1%

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.