Netflix vs Prime Video Lead Narrows as Disney+ and Apple TV+ Gain Share in U.S. Streaming Market – Q1 2026 Report

The U.S. subscription video on demand (SVOD) market is undergoing a noticeable shift, with traditional leaders losing ground while mid-tier platforms accelerate growth, according to the latest JustWatch report for Q1 2026. US video streaming market share Q1 2026 Based on more than 35 million streaming interactions in the United States, the report highlights changing viewer preferences and intensifying competition among over 300 streaming platforms. Netflix remains the top streaming platform with a 19 percent market share, followed by Amazon Prime Video at 17 percent. However, both platforms recorded declines, with Netflix slipping by 1 percentage point quarter-on-quarter and Prime Video dropping more sharply by 4 percentage points. On an annual basis, both also lost momentum, signaling increased competitive pressure. Disney+ has emerged as the strongest challenger, reaching a 16 percent share after gaining 2 percentage points in Q1 2026 and 4 percentage points year-on-year. This growth positions Disney+ as a clear number three player, steadily closing the gap with the market leaders. Apple TV+ delivered one of the most significant gains in the quarter, rising to 12 percent market share after adding 4 percentage points. This surge allowed it to tie with HBO Max, which declined by 1 percentage point during the same period. Apple TV+ also posted a 4 percentage point annual increase, reflecting growing mainstream adoption. Hulu maintained a stable position at 11 percent, with a modest annual increase of 1 percentage point. Meanwhile, Peacock Premium expanded its share to 4 percent with a 2 percentage point quarterly gain, driven by strong content performance. In contrast, Paramount+ experienced a sharp decline, dropping to 3 percent after losing 3 percentage points in Q1 2026 and 4 percentage points year-on-year. PBS remained stable at 2 percent, while other platforms collectively accounted for 4 percent of the market. The data indicates a broader trend where mid-tier streaming services such as Disney+, Apple TV+, and Peacock Premium are capturing audience attention through strong content pipelines and platform engagement, while dominant players face gradual erosion in share. Overall, the Q1 2026 SVOD market reflects a more competitive landscape, with narrowing gaps among top players and rising fragmentation in viewer preferences across the U.S. streaming ecosystem. BABURAJAN KIZHAKEDATH The post Netflix vs Prime Video Lead Narrows as Disney+ and Apple TV+ Gai