Netflix to Reveal More Viewership Data as Streamer Changes its Internal Metrics

in September, compared to 6% for YouTube, 3% for Hulu, 1% for Disney Plus and 9% for a group dubbed "other streaming." The letter noted as an aside that Netflix engagement spiked 14% on Oct. The shareholder letter cited Nielsen's estimate that Netflix accounts for about 6% of total TV watching time in the U.S. 4, the day Facebook experienced a massive outage for hours.
But Netflix has forged its own path on ratings even as it has become a point of frustration for talent that it's hard to know what the total audience for a show is compared to the readily available Nielsen numbers for broadcast and cable content.
Netflix is making a major shift in how the company reports viewership data for its content, shifting to a metric that is more closely aligned with traditional TV metrics.
 ” />
Netflix does not carry advertising — and its leaders have vociferously pledged to keep it that way — which means that it does not need Nielsen ratings to serve as the currency for ad sales. Nielsen has started to report ratings for Netflix and other streamers. Netflix executives have consistently said that Nielsen's estimates are off base because they don't have full access to the proprietary platform.
But a source cautioned that despite the movement, there's no chance of Netflix releasing anything like overnight ratings any time soon. Netflix co-CEOs Reed Hastings and Ted Sarandos also surprised the industry by noting that it will report viewership statistics more frequently than it has in the past. Netflix noted that the shift to hours viewed would also make it easier in some cases to compare viewership of programs on rival streaming platforms.
That is a big leap from the way traditional TV ratings are calculated on the basis of viewership in the average minute of a program. The previous statistic for the number of members who watched counted any subscriber who watched at least two minutes of an episode or program. Netflix's approach to reporting viewership data has been vexing for the traditional TV industry since the streamer began its foray into original content with drama "House of Cards" in 2013.
The third season of "Stranger Things" racked up 582 million hours viewed. "The Witcher" Season 1 (541 million) and "13 Reasons Why" Season 2 (496 million) rounded out the top five among series. According to hours-viewed numbers that Netflix's revealed Tuesday, Season 4 of Spanish-language thriller "Money Heist" is the second-most popular Netflix series with 619 million hours viewed.
For years, Netflix has only reported the number of households who watched at least a small portion of a program. As part of its third-quarter earnings release on Tuesday, the streaming giant disclosed it will soon begin reporting viewership stats measured as the total number of hours viewed of a program during its first 28 days on the platform.
As for Netflix's original movies, the title holder in the hours-viewed derby remains the offbeat 2018 Sandra Bulluck thriller "Bird Box" (282 million). Last year's sleeper disaster hit "Extraction" comes in No. 2 with 231 million, followed by 2019's "The Irishman" (215 million), 2020's "The Kissing Booth 2" (209 million) and 2019's "6 Underground" (205 million).
Our approach as always is to improve our service as quickly as we can so that we can earn a greater share of people's time," Netflix wrote. "We are still quite small, with a lot of opportunity for growth; in our largest and most penetrated market, according to Nielsen, we are still less than 10% of US television screen time.
In addition, we will start to release title metrics more regularly outside of our earnings report so our members and the industry can better measure success in the streaming world." "We think engagement as measured by hours viewed is a slightly better indicator of the overall success of our titles and member satisfaction," the CEOs wrote in the quarterly letter to shareholders. "It also matches how outside services measure TV viewing and gives proper credit to rewatching.
25, 2020. In Tuesday's shareholders letter, Netflix notes that the "Squid Game" phenomenon has been sampled by some 142 million member households. Netflix ended the third quarter with 213 million global subscribers. That compares to 82 million member households sampling some portion of the show, as Netflix revealed in January. In Netflix's new measure, its global hit "Bridgerton" generated 625 million hours of viewing across the platform in its first month on Netflix, a run that began Dec.

Leave a Comment

Your email address will not be published. Required fields are marked *