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YouTube passes Netflix as top video source for teens

October 12, 2023
Source: cnbc.com cnbc.com
News Snapshot:
Teenagers in the U.S. say they watch more videos on YouTube than Netflix , according to a new survey from investment bank Piper Sandler. Teens polled by the bank said they spent 29.1% of their daily video consumption time on Google-owned YouTube, beating out Netflix for the first time at 28.7%. Time on YouTube rose since the spring, adding nearly a percentage point, while Netflix fell more than two percentage points. The data point shows that the streaming business is getting more competitive, and highlights YouTube's strong position as a free provider of online video, especially among young people. "We...
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