Strategy Analytics' Digital Media Index (DMI) analyzes quarterly revenue trends for 38 publicly traded digital media companies across games, advertising, video, music, and social media. The Digital Media Index measures growth on both a quarterly and trailing twelve month (TTM) basis.

Quarter-over-quarter, global digital media revenue saw a significant decline in Q1 2020 as a result of a sharp decline in digital advertising revenues due to the COVID-19 pandemic.. Among companies tracked, digital media revenue was $128.5 billion in Q1 202, down 7.7% from $138.8 billion in Q4 2019. In terms of absolute revenues, Google remains the DMI leader, generating $41.1 billion in revenues during Q1 2020, followed by Facebook with $17.7 billion, and Apple with $13.3 billion. The fastest growing companies in Q1 2020 were Warner Music Group, which grew 99.2% QoQ, NC Soft (35.6%), and Tencent (8.6%).