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TikTok Is Now More Popular than Netflix Among Younger Americans; Will Ad-Supported Tier Help Netflix Rebound?

TikTok Is Now More Popular than Netflix Among Younger Americans; Will Ad-Supported Tier Help Netflix Rebound?

Netflix lost subscribers in both the first and second quarters of 2022, and is set to announce its third-quarter numbers on Tuesday. However, even before the streaming giant releases its latest earnings report, there wa sa bit of bad news released this week as according to research firm Omdia, Netflix has fallen to the third most popular app among younger Americans.

According to the report, TikTok has overtaken Netflix to become the second-most-popular video app among Americans under the age of 35; YouTube remains the top platform among that demographic. After YouTube, TikTok, and Netflix, the top five are rounded out by Facebook Watch and Twitch.

Most Popular Apps Among Americans Under 35 (Per Omdia)

Rank App
1. YouTube
2. TikTok
3. Netflix
4. Facebook Watch
5. Twitch
6. Prime Video
7. Roku Channel
8. Peacock (free)
9. Hulu
10. Tubi

“For broadcasters, commercial or otherwise keen to engage younger viewers, the increasing importance of TikTok to reach and grow new audiences should not be understated,” Omdia Senior Director Maria Rua Aguete said.

When it comes to those over 35, the list is a bit different with TikTok ranking much longer, even behind “local antenna TV”:

Most Popular Apps Among Americans Over 35 (Per Omdia)

Rank App
1. YouTube
2. Netflix
3. Prime Video
4. Local Antenna TV
5. NBC (app or online)
6. TikTok
7. CBS (app or online)
8. Hulu
9. ABC (app or online)
10. Roku Channel

YouTube is also the top app in both the U.K. and France, with Netflix still in second in both of those territories. The survey also found that in the U.K., U.S., Spain, Italy, France, Germany, Netherlands, Sweden, and Australia, time spent viewing video content rose by nine minutes last year to come in at over an hour per person per day; however, viewers in the U.S. averaged significantly higher totals.

Across all nine countries, Facebook remained “the leading platform for social media video viewing time,” with an average of 18.7 minutes, although TikTok is closing the gap, having reached 18.1 minutes.

Despite Netflix’s slide down the rankings among younger video viewers, it still remains by far the most popular premium streaming platform in that demo, a fact that is even more impressive considering that seven of the top 10 services are free, and even Netflix’s Basic plan costs $9.99 per month. With the streamer preparing to launch its ad-supported tier on Nov. 3, it will be interesting to track if the new, lower-priced option offers a bump in popularity to users under 35 years of age.

With the new AVOD (ad-supported video-on-demand) option costing just $6.99 per month, the hope from Netflix is undoubtedly that it can further widen its customer pool to include young and/or more cost-conscious consumers who might otherwise be drawn to free services like TikTok, YouTube, Twitch, and others.

Netflix

Netflix is a leading subscription-based video streaming service that offers on-demand access to an extensive library of over 3,000 movies, 2,000+ TV shows, and a growing collection of acclaimed Netflix originals. Renowned for producing groundbreaking content, Netflix has become a cultural powerhouse with hit originals like “Stranger Things,” “Wednesday,” “Squid Game,” “The Crown,” “Tiger King,” “Bridgerton,” “The Witcher,” and “Black Mirror.”

…

The platform constantly updates its catalog, introducing fresh content alongside timeless classics and international hits. Netflix’s commitment to storytelling has also earned critical acclaim, with award-winning exclusives such as “Roma,” “Marriage Story,” “The Power of the Dog,” “Mank,” and “Ma Rainey’s Black Bottom.” In 2023, their animated film “Guillermo del Toro’s Pinocchio” won an Academy Award for Best Animated Feature, further solidifying Netflix’s reputation for high-quality content.

Recently, Netflix has expanded beyond standard movies and TV titles with the addition of video podcasts, and is also exploring a digital store that would offer third-party streamers within the app.

Netflix offers three plans – stream on 2 devices in HD with the “Standard with Ads” ($8.99) plan, on 2 devices in HD with the “Standard” ($19.99) plan, and 4 devices in up to 4K on the “Premium” ($26.99) plan.



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