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The communication services sector includes classic telecommunications companies, media and entertainment, as well as big internet companies. Though it is a strong sector, it is likely to face a few challenges this year, including a semiconductor chip shortage and antitrust investigations.

On the positive side, analysts believe peaking inflation could support moderate outperformance of this sector. Let’s take a look at the five best and worst performing communication services stocks in Q4 2022.

Five Best Performing Communication Services Stocks in Q4 2022

We have used the fourth quarter return data of communication services stocks from finviz.com to develop this list of the five best and worst performing communication services stocks in Q4 2022.

For our list, we have only considered large-cap stocks. First, let's start with the five best performing communication services stocks in Q4 2022.

5. News Corporation (NWSA) (20%)

Founded in 1979 and headquartered in New York City, this is a media and information services company. News Corporation shares are up by over 3% in the last month but are down by almost 17% in the last year.

As of this writing, News Corporation shares were recently seen trading above $19 with a 52-week range of around $14.87 to $23.73, giving the company a market capitalization of more than $10.90 billion.

4. Netflix, Inc. (NFLX) (25%)

Founded in 1977 and headquartered in Los Gatos, Calif., this is a streaming entertainment service company. Netflix, Inc. shares are down by over 3% in the last month and down almost 43% in the last year.

Netflix shares were recently seen trading above $315 with a 52-week range of around $162.71 to $553.43, giving the company a market cap of more than $140 billion.

3. Omnicom Group Inc. (OMC) (29%)

Founded in 1944 and headquartered in New York City, this company offers advertising, marketing, and corporate communications services. Omnicom Group Inc. shares are up by almost 13% in the last month and up over 8% in the last year.

Omnicom Group shares were recently seen trading above $86 with a 52-week range of around $61.31 to $91.61, giving the company a market cap of more than $17.5 billion.

2. The Interpublic Group of Companies, Inc. (IPG) (30%)

Founded in 1930 and headquartered in New York City, this company offers advertising and marketing services. Interpublic Group of Companies, Inc. shares are up by almost 10% in the last month but are down by over 6% in the last year.

Interpublic Group of Companies shares were recently seen trading above $35 with a 52-week range of around $25.14 to $39.98, giving the company a market cap of more than $13.8 billion.

1. Warner Music Group Corp. (WMG) (51%)

Founded in 2003 and headquartered in New York City, this is an entertainment and record label conglomerate. Warner Music Group Corp. shares are up by over 11% in the last month but are down by over 7% in the last year.

Warner Music Group shares were recently seen trading above $37 with a 52-week range of around $21.57 to $44.64, giving the company a market capitalization of more than $19 billion.

Five Worst Performing Communication Services Stocks in Q4 2022

Now, let's move on to the five worst performing communication services stocks in Q4 2022.

5. Snap Inc. (SNAP) (-9%)

Founded in 2010 and headquartered in Santa Monica, Calif., this company operates Snapchat, which is a camera app that helps users communicate visually with friends. Snap Inc. shares are down by over 3% in the last month and down almost 78% in the last year.

As of this writing, Snap shares were recently seen trading above $9 with a 52-week range of around $7.33 to $44.34, giving the company a market capitalization of more than $14 billion.

4. Match Group, Inc. (MTCH) (-13%)

Founded in 1995 and headquartered in Dallas, Texas, this company offers dating products through several of its brands. Match Group, Inc. shares are down by over 2% in the last month and down over 66% in the last year.

Match Group shares were recently seen trading above $42 with a 52-week range of around $38.64 to $129.51, giving the company a market cap of more than $11.8 billion.

3. Warner Bros. Discovery, Inc. (WBD) (-18%)

Founded in 2022 and headquartered in New York City, this is a media and entertainment company. Warner Bros Discovery, Inc. shares are down by over 2% in the last month and down almost 64% in the last year.

Warner Bros. Discovery shares were recently seen trading above $11 with a 52-week range of around $8.82 to $31.55, giving the company a market cap of more than $27 billion.

2. Paramount Global (PARA) (-20%)

Founded in 1986 and headquartered in New York City, this is a mass media company that creates and distributes content. Paramount Global shares are down by over 6% in the last month and down over 53% in the last year.

Paramount Global shares were recently seen trading above $19 with a 52-week range of around $15.29 to $39.21, giving the company a market capitalization of more than $12 billion.

1. Roblox Corporation (RBLX) (-21%)

Founded in 2004 and headquartered in San Mateo, Calif., this company offers online gaming services. Roblox Corporation shares are down by over 5% in the last month and down over 64% in the last year.

Roblox shares were recently seen trading above $28 with a 52-week range of around $21.65 to $90.31, giving the company a market capitalization of more than $17.3 billion.

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