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44.8%! Streaming Overtakes Broadcast and Cable TV for the First Time Ever

Streaming has achieved a historic milestone, surpassing the combined viewership of broadcast and cable TV for the first time. According to Nielsen’s latest report, streaming captured 44.8% of total TV viewership in May. In contrast, broadcast and cable TV together accounted for 44.2%, with broadcast at 20.1% and cable at 24.1%. Over the past four years, streaming has surged by 71%, while broadcast and cable have declined by 21% and 39%, respectively. The growth in streaming is attributed to free ad-supported streaming TV (FAST) channels, the rise of YouTube, and shifts by legacy media companies towards streaming. YouTube alone represented 12.5% of TV viewing in May, marking its highest share to date and a 120% increase since 2021. Additionally, 11 streaming platforms now exceed 1% of total TV viewing, up from five in May 2021. Free channels like Pluto TV, Roku Channel, and Tubi have gained popularity, collectively accounting for 5.7% of TV viewing in May.

Source: www.cnbc.com

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