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Mid-Year Nielsen Data Show Netflix’s Share of Top-Ranked Streaming Shows Drops Below 50%

Apple TV+ scored its first top-five streaming hit in Nielsen’s mid-year rankings

Lee Jung-jae and the cast of Squid Game
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Overview

  • Squid Game led U.S. streaming in the first half of 2025 with 15,074 million minutes viewed
  • Netflix accounted for fewer than half of Nielsen’s top ten streaming series, down from more than 80% in 2021
  • Severance season 2 propelled Apple TV+ into its first top-five slot with 9,275 million minutes viewed
  • Reacher on Amazon Prime Video, The Pitt on HBO Max, The Handmaid’s Tale on Hulu and two Paramount+ series each placed in the top ten
  • U.S. streaming consumption rose 6% year-over-year while Netflix’s share of that growth stagnated and ad-supported platforms gained viewers