Facebook becomes third most popular video site

Facebook Stats

YouTube might still reign supreme in online video, but the big surprise coming out of Nielsen’s VideoCensus release on Thursday is that Facebook is now the world’s third most popular place to view video online.

According to Nielsen’s latest VideoCensus numbers, which look at the number of video views in October, YouTube serviced over 6.6 billion streams. In a distant second, Hulu offered up over 632 million video streams. But it was Facebook with over 217 million streams in October that easily beat out Bing, Yahoo, and several other online sites. In September, Facebook was ranked tenth in total streams.

In October, Facebook placed second in total number of unique viewers: over 31.5 million. YouTube had almost 106 million unique viewers during October. Hulu placed fifth with 13.4 million viewers.

According to Nielsen, the amount of time Web users spent viewing videos on social-networking sites increased 98 percent year over year. In October 2008, users watched 503.8 million minutes of video; they watched 999.4

Facebook’s rapid growth in online video during the last year illustrates the site’s evolution from simply a communications focused tool to a media portal

Social networking sites are evolving from a venue for catching up with friends to a platform for personal expression, allowing consumers to share their experiences in the full variety of content formats available online.