Nielsen: Netflix Upped Streamer Market Share in March

Netflix may have lost 200,000 subscribers in the most-recent fiscal period ended March 31, but the subscription streaming VOD behemoth increased its market share to 6.6% among streamers in March from 6.4% in February, according to new data from Nielsen.

YouTube followed Netflix at 6% share, with Hulu (3.3%), Amazon Prime Video (2.3%) and Disney+ (1.8%) in succession.

Nielsen said March marked a new milestone for streaming, as users spent nearly 30% of their total TV time watching over-the-top video content. Gaining a full share point over February, streaming services benefited from the transition away from the NFL playoffs and the Winter Olympics, which bolstered fall and winter TV viewing across broadcast networks.

Despite a slight 0.7% decrease in total streaming, viewing share across all of the streaming providers was either flat or gained slightly in March, with the “other streaming” category grabbing an additional 0.3% share as new services steadily gain traction in an ever-expanding field.

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The slight dip in streaming usage was much less than the 4.2% drop in total TV usage, which tracks with historical norms as consumers begin to ease into warmer weather. Despite the dip in total usage, audiences spent more TV time with cable, as the ongoing war in Ukraine fueled an increase of 1.6 share points on a slight increase in total volume.

Broadcast programming lost more than a full share point, with sports viewing down 53% on a month-over-month basis. NASCAR and the NCAA basketball tournaments helped satiate some viewers, but not enough to account for the draw of the Olympics and the Super Bowl, causing the “sports event programming” share of viewing to fall from almost 25% to 12% in March. Dramas provided some upside for broadcast, as a 17% increase in viewing helped it account for one-third of total broadcast viewing.