Strategy Analytics' Digital Media Index (DMI) analyzes quarterly revenue trends for 44 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.

After a steep decline in Q1 2020 and modest improvement in Q2 2020 global digital media revenue saw significant growth in Q3 2020 as the global economy continued to recover from the COVID-19 pandemic. Among companies tracked, digital media revenue was $162.4B in Q3 2020, up 11.6% QoQ.

Google ($7.8B), Facebook ($2.7B) and Amazon ($1.6B) combined to account for nearly 64% of the net gain in digital media revenue in Q3 2020, among companies tracked. While Sony alone accounted for nearly 40% of the net loss in digital media revenue.

In terms of absolute revenues, Google remains the DMI leader, generating $46.1B in revenues during Q3 2020, followed by Facebook with $21.4B, and Apple with $14.5B