Bryant Veney - Copywriter, CableCompare
Date Modified: September 16, 2026
Something important changed in streaming measurement this year, and most statistics roundups have not caught up to it. Netflix, Disney, and Warner Bros. Discovery have all stopped disclosing quarterly subscriber counts. There is no longer a live subscriber leaderboard to publish. What remains current is viewing share, and by that measure streaming reached 48.6% of all U.S. television watch-time in May 2026, with YouTube alone at a platform-record 13.8%. Here we'll go over the last reported subscriber figures with dates attached, the viewing data that is still live, and an ownership map that changed substantially in the past twelve months.
For a decade the streaming wars were scored in subscribers. Every quarter produced a number, the number moved a stock price, and the press wrote the standings. That era has ended, deliberately and quickly.
Netflix went first, ending quarterly membership disclosure after 2024 on the reasoning that revenue and margin better reflect the health of a business no longer defined by land-grab growth. Disney followed: beginning with the first quarter of 2026 it stopped reporting subscriber totals for Disney+, Hulu, and ESPN+, and its most recent quarterly results disclose streaming revenue and operating income with no subscriber figure at all. Warner Bros. Discovery joined them in 2026.
The stated rationale is that the metric stopped being meaningful. Bundles, ad tiers, promotional giveaways, and wholesale distribution deals mean a "subscriber" at one company is not comparable to a subscriber at another, and a household counted three times through three bundles is not three households. The unstated rationale is that growth has slowed and profit is a better story. Both things can be true.
What this means: any 2026 article presenting a tidy current subscriber ranking is either using stale figures or estimating without saying so. The table below gives the last figure each company actually published, with the date attached to every row. Treat these as historical markers, not a live scoreboard.
Platform | Last reported figure | As of | Reporting status |
Netflix | 325+ million global | End of 2025 | No longer reports quarterly membership; discloses revenue and margin |
Disney+ | 131.6 million global | Q4 2025 | Discontinued subscriber reporting from Q1 2026 |
Hulu | 64 million | Q4 2025 | Discontinued; app being folded into Disney+ |
HBO Max (WBD direct-to-consumer) | ~117 million global | Late 2024, with a 150 million target for end of 2026 | Discontinued quarterly disclosure in 2026 |
Paramount+ | ~77 million global | 2025 | Reporting expected to change after the WBD combination |
Peacock | ~41 million paid | Q3 2025 | Still reported by Comcast; approaching profitability |
Amazon Prime Video | Not separately disclosed | — | Bundled into Prime membership; no standalone video figure has ever been published |
Apple TV | Never disclosed | — | Apple has never published a subscriber number for the service |
Sources: company earnings disclosures as compiled by Streaming Media and TheWrap. Figures are the most recent each company published before ending or changing disclosure and should not be read as current.
Two rows deserve a closer look: Amazon has never separated Prime Video from Prime membership, so any figure you see attributed to Prime Video is an estimate of Prime households, not video subscribers — a meaningfully different thing, since many Prime members never open the app. And Apple has never disclosed a number at all; every published figure for Apple TV is a third-party model.
With subscriber disclosure receding, Nielsen's monthly Gauge has become the closest thing the industry has to a common scoreboard. It measures share of time spent on television screens rather than accounts held, which is probably the better question anyway. A subscription nobody opens is worth less than one that runs every night.
Category | Share of U.S. TV watch-time | Notes |
Streaming | 48.6% | Up 1.0 point month over month; the December 2025 record was 47.5% |
Cable | 20.4% | Typical seasonal decline; cable news viewing fell 16% |
Broadcast | 19.2% | Broadcast sports rose 3% while dramas and sitcoms fell with the season's end |
Other | Remainder | Gaming, physical media, and non-measured device usage |
Source: Nielsen The Gauge, May 2026, released July 28, 2026. Nielsen publishes on roughly a two-month lag, so the most recent report available always describes a month already past.
Distributor | Share of TV watch-time | Notes |
YouTube | 13.8% | Platform record; largest share of TV of any distributor for a third straight month |
Disney | Second largest | Combines Disney+, Hulu, ESPN, ABC, and cable networks |
NBCUniversal + Versant | 8.4% | Reflects the post-spinoff structure of Comcast's networks |
Netflix | 8.0% | Fourth position; peaked at 9.0% in December 2025 during Stranger Things |
Prime Video | 4.5% | Platform best, driven by The Boys finale and 20 live sports events |
The Roku Channel | 3.1% | Platform best; free ad-supported, no subscription at all |
Paramount Streaming | 2.3% | Largest monthly gain among streaming platforms in May |
The most useful takeaway here is one that subscriber tables structurally cannot show: the biggest force in American television is a free platform nobody subscribes to. YouTube's 13.8% is larger than Netflix and Prime Video combined. The Roku Channel, also free, out-rates Paramount's entire streaming operation. Any measurement built on paid accounts misses roughly a fifth of what people actually watch, which is why our streaming versus cable statistics hub tracks viewing share alongside subscriptions.
Most confusion in streaming statistics comes from comparing numbers that were never comparable. There are three distinct products here, and each is measured on a different basis.
The practical consequence: a household with Netflix, YouTube TV, and Tubi appears in three different tables using three different units, and cannot be summed. When a statistics page adds SVOD subscribers to FAST monthly active users to produce a total, that total means nothing. Our guides to live TV streaming apps and the best movie streaming services treat the categories separately for this reason.
One structural note on FAST worth carrying forward: Amazon retired the standalone Freevee brand and folded its free catalog into Prime Video, so any table still listing Freevee as a separate platform is out of date.
Ownership shifted more in the last twelve months than in the previous five years, and several widely circulated ownership tables are now wrong. Here is where things stand as of August 2026.
Platform | Owner | What changed |
Netflix | Independent (NASDAQ: NFLX) | Bid for WBD's studio and streaming assets, then withdrew in February 2026 |
Disney+, Hulu, ESPN+ | The Walt Disney Company | Disney bought out Comcast's remaining Hulu stake and is folding the Hulu app into Disney+ |
HBO Max | Warner Bros. Discovery, pending sale | Being acquired by Paramount Skydance; a merger of HBO Max and Paramount+ has been signaled |
Paramount+, Pluto TV | Paramount Skydance (NASDAQ: PSKY) | Skydance completed its acquisition of Paramount Global in August 2025 |
Peacock | Comcast / NBCUniversal | Comcast spun most cable networks into Versant Media Group, retaining NBC, Bravo, and Peacock |
Prime Video | Amazon | Freevee retired and folded into Prime Video |
YouTube, YouTube TV | Alphabet | Became an official live NFL broadcaster in September 2025 |
Tubi | Fox Corporation | Passed 100 million monthly active users |
The pending combination: Paramount Skydance's $110.9 billion acquisition of Warner Bros. Discovery has cleared regulators in the U.S., EU, UK, and more than 65 other jurisdictions, but a lawsuit from a coalition of state attorneys general has pushed the closing date out. Paramount originally targeted late September 2026; it has since agreed to a delay until June 2027, with a federal trial on the states' antitrust claims set for March 2027.
Regulatory clearance has since arrived in sequence: the U.S. Department of Justice approved without conditions in June 2026, the European Commission cleared it subject to commitments on July 22, and the UK Competition and Markets Authority cleared it in early August. Australia, Brazil, Canada, China, South Korea, and a dozen other jurisdictions have also signed off.
What is still outstanding is domestic litigation. A group of state attorneys general, including California and New York, has sued to block the transaction, and a temporary restraining order pushed the intended closing from late July into mid-August. Paramount has told investors it expects to complete the deal by September, after which a per-share ticking fee raises the price. Until it closes, HBO Max and Paramount+ operate as separate services with separate subscriptions, and any article describing them as merged is ahead of the facts.
Streaming has won the viewing-share argument decisively and stopped keeping score in the currency it used to. The subscriber tables that defined a decade of coverage are becoming historical documents, and the metric that replaced them (share of time spent) tells a different and more useful story: that the largest distributor on American television is a free platform, that a free channel outranks a major studio's streaming service, and that a household's four subscriptions capture only part of what it actually watches.
For anyone deciding what to pay for, the practical implication is that platform size is a poor guide. What matters is whether a service carries the specific programming your household watches — which is usually a question about live sports or a handful of returning series, not about market position. Our guides to bundling and setting up streaming on your TV cover the parts of that decision the subscriber counts never addressed.
And because streaming still runs on a broadband connection you have to buy from somewhere, compare the internet and TV providers available at your address on CableCompare before you build a stack around them.
Netflix, according to the last figures anyone published: more than 325 million paid subscribers globally at the end of 2025. The honest caveat is that Netflix, Disney, and Warner Bros. Discovery have all stopped reporting quarterly subscriber counts, so there is no current, verifiable ranking. Anyone presenting one is estimating.
Officially, because the metric stopped being comparable: bundles, ad tiers, promotional distribution, and wholesale deals mean one company's subscriber is not another's. Practically, because subscriber growth slowed while revenue and profit improved, and companies prefer to be measured on the number that is going up.
48.6% of U.S. television watch-time in May 2026, against 20.4% for cable and 19.2% for broadcast, per Nielsen. Streaming passed cable for the first time in July 2022 and has not trailed since. Nielsen reports on a lag of roughly two months, so the newest figure available always describes a month already gone.
On American television screens, yes, and not narrowly. YouTube held 13.8% of TV watch time in May 2026 compared with Netflix's 8.0% — more than Netflix and Prime Video combined. That is time spent, not subscriptions, and it counts free viewing on a TV set, which is precisely the activity subscriber tables were never designed to capture.
SVOD is an on-demand library you pay for, like Netflix or Disney+. A vMVPD is a live channel lineup delivered over the internet (cable without the cable) like YouTube TV or Hulu + Live TV. FAST is free and ad-supported, like Tubi or Pluto TV. They are measured in different units and serve different needs, which is why comparing their headline numbers directly produces nonsense.
Four, at about $69 per month combined, per Deloitte's 2026 Digital Media Trends survey. That total has been flat for two years despite widespread price increases, because households have offset them by moving to ad-supported tiers and dropping marginal services. Our look at streaming price inflation tracks the increases they have been absorbing.
That has been signaled but hasn't happened, and it won't happen soon. Paramount Skydance's acquisition of Warner Bros. Discovery has cleared regulators in the U.S., EU, and UK, but a dozen state attorneys general sued to block it on antitrust grounds. Paramount has since agreed to delay closing to as late as June 2027, with a trial on the states' claims scheduled for March 2027. Until the deal closes, HBO Max and Paramount+ remain separate subscriptions, and any app consolidation would follow, not precede, a final close that's now well past its original September 2026 target.