Should Netflix Be Afraid of YouTube?
YouTube is slowly but surely becoming a key entertainment venue on TV sets in people's homes rather than just on computers and mobile devices.
To be clear, it's still far from being the king of television. Even with pandemic lockdowns in place, viewership numbers from Nielsen show streaming accounted for only 25% of TV usage time in the second quarter of last year, with Netflix (NASDAQ: NFLX) being the most-watched streaming service. But a preponderance of evidence suggests that an unlikely YouTube is actually making inroads where it seemingly shouldn't.
Shareholders of YouTube parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) should be thrilled, particularly after last quarter's earnings report. And yes, Netflix investors should be at least a little concerned -- as should owners of other streaming stocks.
Source Fool.com
