Netflix's share of the most-watched shows in streaming dropped from over 80% to about 50% due to increased competition from other streaming services.
Among the top 10 most popular streaming shows in 2021, Netflix had four entries, with Squid Game ranking first.
Paramount Plus was the only other platform besides Netflix with more than one show in the top 10.
In addition to paid competitors, free streaming services like YouTube and Roku are gaining viewership, posing a challenge to traditional streaming platforms.