diff --git a/yt_dlp/YoutubeDL.py b/yt_dlp/YoutubeDL.py
index 73834b70f..496b0e22d 100644
--- a/yt_dlp/YoutubeDL.py
+++ b/yt_dlp/YoutubeDL.py
@@ -849,24 +849,24 @@ class Styles(Enum):
         WARNING = 'yellow'
         SUPPRESS = 'light black'
 
-    def __format_text(self, out, text, f, fallback=None, *, test_encoding=False):
-        assert out in ('screen', 'err')
+    def _format_text(self, handle, allow_colors, text, f, fallback=None, *, test_encoding=False):
         if test_encoding:
             original_text = text
-            handle = self._screen_file if out == 'screen' else self._err_file
             encoding = self.params.get('encoding') or getattr(handle, 'encoding', 'ascii')
             text = text.encode(encoding, 'ignore').decode(encoding)
             if fallback is not None and text != original_text:
                 text = fallback
         if isinstance(f, self.Styles):
             f = f._value_
-        return format_text(text, f) if self._allow_colors[out] else text if fallback is None else fallback
+        return format_text(text, f) if allow_colors else text if fallback is None else fallback
 
     def _format_screen(self, *args, **kwargs):
-        return self.__format_text('screen', *args, **kwargs)
+        return self._format_text(
+            self._screen_file, self._allow_colors['screen'], *args, **kwargs)
 
     def _format_err(self, *args, **kwargs):
-        return self.__format_text('err', *args, **kwargs)
+        return self._format_text(
+            self._err_file, self._allow_colors['err'], *args, **kwargs)
 
     def report_warning(self, message, only_once=False):
         '''
diff --git a/yt_dlp/downloader/common.py b/yt_dlp/downloader/common.py
index 4528f3be5..64a450d38 100644
--- a/yt_dlp/downloader/common.py
+++ b/yt_dlp/downloader/common.py
@@ -247,11 +247,29 @@ def _prepare_multiline_status(self, lines=1):
             self._multiline = BreaklineStatusPrinter(self.ydl._screen_file, lines)
         else:
             self._multiline = MultilinePrinter(self.ydl._screen_file, lines, not self.params.get('quiet'))
+        self._multiline.allow_colors = self._multiline._HAVE_FULLCAP and not self.params.get('no_color')
 
     def _finish_multiline_status(self):
         self._multiline.end()
 
-    def _report_progress_status(self, s):
+    _progress_styles = {
+        'downloaded_bytes': 'light blue',
+        'percent': 'light blue',
+        'eta': 'yellow',
+        'speed': 'green',
+        'elapsed': 'bold white',
+        'total_bytes': '',
+        'total_bytes_estimate': '',
+    }
+
+    def _report_progress_status(self, s, default_template):
+        for name, style in self._progress_styles.items():
+            name = f'_{name}_str'
+            if name not in s:
+                continue
+            s[name] = self._format_progress(s[name], style)
+        s['_default_template'] = default_template % s
+
         progress_dict = s.copy()
         progress_dict.pop('info_dict')
         progress_dict = {'info': s['info_dict'], 'progress': progress_dict}
@@ -264,6 +282,10 @@ def _report_progress_status(self, s):
             progress_template.get('download-title') or 'yt-dlp %(progress._default_template)s',
             progress_dict))
 
+    def _format_progress(self, *args, **kwargs):
+        return self.ydl._format_text(
+            self._multiline.stream, self._multiline.allow_colors, *args, **kwargs)
+
     def report_progress(self, s):
         if s['status'] == 'finished':
             if self.params.get('noprogress'):
@@ -276,7 +298,6 @@ def report_progress(self, s):
                 s['_elapsed_str'] = self.format_seconds(s['elapsed'])
                 msg_template += ' in %(_elapsed_str)s'
             s['_percent_str'] = self.format_percent(100)
-            s['_default_template'] = msg_template % s
             self._report_progress_status(s)
             return
 
@@ -323,8 +344,7 @@ def report_progress(self, s):
             msg_template += ' (frag %(fragment_index)s/%(fragment_count)s)'
         elif s.get('fragment_index'):
             msg_template += ' (frag %(fragment_index)s)'
-        s['_default_template'] = msg_template % s
-        self._report_progress_status(s)
+        self._report_progress_status(s, msg_template)
 
     def report_resuming_byte(self, resume_len):
         """Report attempt to resume at given byte."""
diff --git a/yt_dlp/minicurses.py b/yt_dlp/minicurses.py
index 699b1158a..c81153c1e 100644
--- a/yt_dlp/minicurses.py
+++ b/yt_dlp/minicurses.py
@@ -78,6 +78,7 @@ class MultilinePrinterBase:
     def __init__(self, stream=None, lines=1):
         self.stream = stream
         self.maximum = lines - 1
+        self._HAVE_FULLCAP = supports_terminal_sequences(stream)
 
     def __enter__(self):
         return self
@@ -124,7 +125,6 @@ def __init__(self, stream=None, lines=1, preserve_output=True):
         self.preserve_output = preserve_output
         self._lastline = self._lastlength = 0
         self._movelock = Lock()
-        self._HAVE_FULLCAP = supports_terminal_sequences(self.stream)
 
     def lock(func):
         @functools.wraps(func)