Back to News
Market Impact: 0.55

Streaming overtakes cable and broadcast as the most-watched form of TV

NFLXGOOGGOOGLDISAMZNROKUPARAFOX
Technology & InnovationMedia & EntertainmentConsumer Demand & Retail

Nielsen data indicates that streaming services have overtaken broadcast and cable TV in viewership for the first time, capturing 44.8% of total television consumption in May, compared to 44.2% for broadcast and cable combined. YouTube led individual streaming platforms with a 12.5% share, followed by Netflix, Disney (including ESPN and Hulu), Amazon Prime Video, and Roku Channel. Free ad-supported streaming services are also gaining traction, collectively exceeding the viewership of individual broadcast networks, though Nielsen anticipates a continued close competition between streaming and traditional TV before a permanent shift.

Analysis

Nielsen data for May signifies a pivotal moment in media consumption, with streaming services capturing 44.8% of total television viewing, narrowly surpassing the combined 44.2% share of broadcast (20.1%) and cable (24.1%). This shift, while anticipated, underscores a consistent trend despite the resilience of traditional TV driven by sports, news, and new seasonal content. Notably, Alphabet's YouTube has emerged as a dominant force, securing the highest individual streaming share at 12.5% in May and marking four consecutive months of TV share growth, while Netflix maintained its long-standing position of most overall TV usage. Other significant players in the top five include Disney-owned platforms, Amazon Prime Video, and the Roku Channel. Furthermore, the collective strength of Free Ad-Supported Streaming TV (FAST) channels, such as Paramount's Pluto TV, the Roku Channel, and Fox's Tubi, is highlighted by their combined 5.7% share, exceeding that of any single broadcast network. Nielsen anticipates that streaming and traditional TV viewership will likely remain closely contested in the immediate term before streaming establishes a permanent lead.

AllMind AI Terminal

AI-powered research, real-time alerts, and portfolio analytics for institutional investors.

Request a Demo

Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25

Ticker Sentiment

AMZN0.10
DIS0.10
FOX0.40
GOOG0.70
GOOGL0.70
NFLX0.20
PARA0.40
ROKU0.40

Key Decisions for Investors

  • Given YouTube's (GOOG/GOOGL) leading 12.5% streaming share and consistent growth, investors should assess its monetization strategies and impact on Alphabet's advertising revenue.