Video streaming services see downloads, active users drop in April, BofA report shows

FILE PHOTO: Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/File Photo

(Reuters) - Video streaming services saw a drop in downloads and active users during April, a research note by Bank of America showed on Monday, citing data from Sensor Tower, likely pressured by heated competition in the segment and an uncertain economic outlook.

Across all video streaming services, including Netflix, Paramount and Walt Disney, downloads and monthly active users (MAU) declined 4% in aggregate, according to the note.