In another sign of the reshaped TV landscape, ratings for NBC's telecasts of the 2020 Olympic Games in Tokyo are down significantly from 2016 but still among the most-watched TV events of the year.
The first night of competition on Saturday averaged 15.9 million viewers, down 32% from the comparable night of the Rio Summer Games in 2016. NBC's audience rose to 20 million viewers on Sunday, which was down 36% compared to five years ago. Monday's competition scored 16.8 million viewers, off 46% from the 31.5 million who watched on the comparable night in 2016.
The 2021 figures include the average number of people watching on streaming platforms, which hit a new record Monday for an Olympics with 746,000 viewers.
NBC Sports pointed out that with television viewers alone, the first three nights of Olympic competition rank in the top 15 most-watched prime-time programs of 2021, with Sunday's coverage ranking eighth, according to Nielsen data.
But the overall decline from 2016 shows the Olympics facing the same downward pressure experienced by other major TV events that reliably attracted massive audiences for decades, as online streaming provides more choices and competition for viewers' attention.
"The TV ratings are down more than anticipated," said Lee Berke, president of LHB Sports, Media and Entertainment. "Between the lack of a live audience, the move to streaming and the ongoing dropouts of key competitors due to COVID, all of it seems to have a negative impact."
The slow ratings start for the Olympics will have a financial impact on NBCUniversal — which has the rights to the Games through 2032 — if the situation doesn't improve.
Advertisers who reportedly spent more than $1.2 billion for commercials during the Games are guaranteed a specific number of viewers for their buys. If the rating falls below the guarantee, which varies by advertiser, NBC has to supply commercials to make up the difference.
One advertising executive not authorized to speak publicly on the matter said NBC's sales department was mindful of overall declining TV viewing when it was selling Olympic ad time this year. The network has put aside a significant amount of unsold commercial inventory in order to make up for any ratings shortfall, the executive said.
Mark Marshall, president of advertising and partnerships for NBCUniversal, said in a statement that the company is working with advertisers to make sure they get full value on their ad investments.