Based on when the last two seasons of Cobra Kai were released, there should have been the release of the third season by now, and according to Deadline, it seems that the reason for the delay has to do with the series moving to a new streaming platform. The outlet states that YouTube is in the process of releasing the third season to Sony Pictures TV, who are shopping the series to other streamers, with Netflix and Hulu at the top of the short-list of potential homes. The streaming service which does win Cobra Kai will also have access to the first two seasons of the series on a non-exclusive basis. As for why YouTube is letting one of its most-watched series go, the company has begun to move away from original scripted programming in recent years, and while they were eager to debut the third season, they told their partners at Sony Pictures TV that they wouldn't be renewing it for the fourth season, which led to Sony asking permission to shop the series around in order to guarantee its future.