Goldman Sachs
May 20, 2026
TV Viewership Tracker
Market ReportEquitiesMacro Economic IndicatorsCommunication Services
This report tracks Nielsen TV ratings and the 'Gauge' for US media, highlighting streaming's 47.6% market share and company-specific viewership trends for firms like DIS, FOXA, and WBD.
Key Takeaways
- 1.Streaming maintained its market-leading position with a 47.6% share of total TV usage in March 2026.
- 2.Cable was the only category to see monthly viewing increases, driven by NCAA basketball and a heavy news cycle.
- 3.YouTube and Disney remain the top distributors in total TV viewing share at 13.5% and 10.5% respectively.
Table of Contents
- TV Viewership Tracker: L3 through week ending May 17th, 2026 and March Gauge
- L3 Total Day Cable - Week ending May 17th, 2026
- March 2026 - the Gauge review
- C3 - Week ending May 3rd, 2026
- Broadcast primetime: -1% yoy 2Q26-to-date
- Broadcast primetime (ex-sports): -8% yoy 2Q26-to-date
- Cable primetime: -7% yoy 2Q26-to-date
- Valuation, price targets, and key risks
- Disclosure Appendix
- Ratings, coverage universe and related definitions
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Authors
Michael Ng, CFAYash Goenka, CFA
Securities
DISFOXACMCSAVSNTWBDPSKYAMCX
Themes
Cord-cutting and Linear DecayLive Event ResilienceStreaming Market Consolidation
Regions
North AmericaUnited States
