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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