Media

Streaming: Prime Video ahead, Netflix trailing and Hbo Max tiptoeing in

Market stable but under pressure in Q1 2026: leaders close, growth slowing. The entry of HBO Max signals that the competition is far from closed

by Andrea Biondi

 Adobe Stock

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

The image of the streaming market in Italia at the beginning of 2026 is not one of revolution, but of constant pressure. No earthquake. Rather a fault line that continues to move under the feet of the big operators. Prime Video remains in the lead with 24%, Netflix is right next door at 23%, Disney+ holds firm on the third step of the podium at 19%. All very close, all very compressed.

The methodology

The data released by JustWatch covers the first three months of the year. The methodology measures user interest through watchlists, searches, clicks on streaming offers, filters and platform choices on the site and app. It is therefore not a snapshot of subscriptions in the strict sense, but of the level of attention and intention to use.

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QUOTE DI MERCATO

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The streamers' podium

Against this backdrop, the numbers reveal the features of a market in Italia that has now entered a phase of competitive maturity. Prime Video retains the leadership, but the distance from Netflix is only one percentage point. A whisker. All the more so since both lost one point compared to the previous quarter. This is a sign of an industry in which growth does not only mean gaining new users, but above all taking attention away from others. And attention, in the digital economy, is the scarcest raw material. Disney+ appears solid in its third position: 19% remains unchanged and confirms a now structural base.

TENDENZE DELLE DIVERSE PIATTAFORME

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The chasers

Further back Apple TV+ is stationary at 8%, while NOW/Sky rises from 6% to 7% and noses ahead of Infinity+, stable at 6%. Paramount+ remains at 5%. Then, in the undergrowth that often anticipates the most interesting movements, Discovery+ grows from 2% to 3%, Mubi remains at 1% and, above all, Hbo Max appears, which landed in Italia on 13 January and is already credited with a 1% share.

The Hbo Max Bet

It is precisely here that photography stops being a mere ranking and becomes a clue. Because the real issue is not so much who is winning today, but who and how is preparing the ground for tomorrow. "This is still early data, but it will help outline the scenario of 2027," comments Andrea Cuneo, Country Manager Italia at JustWatch. "It will be interesting to observe how Hbo Max will evolve in the coming quarters and what impact it will have on the viewing habits of Italian users. Certainly its arrival and the other movements we are seeing in the market right now will put us in front of a very different landscape in the coming year."

The entry of Hbo Max effectively adds a new global brand to an already crowded arena, where no one can now think of living on catalogue alone. What is needed is exclusivity, intelligent distribution, the ability to cover more screens and more audience segments. But above all, resistance is needed in a war that is no longer fought only on price or the number of subscribers, but on the continuity of the relationship with the user.

The international comparison

The international comparison, reported by JustWatch, also helps to read the Italian trajectory. In the United States Netflix is first at 19%, in the United Kingdom it is paired with Disney+ at 23%, in France it leads with 24%, in Germany it is tied with Prime Video at 24%. Italia thus confirms itself as one of the most balanced markets, almost a European laboratory of fragmentation: three major platforms close together, several pursuers and a new entrant asking for space.

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