Netflix Co-CEOs Earn Over $60M Amid Q1 2025 Gains

Netflix co-CEOs Ted Sarandos and Greg Peters received total compensation of $61.9 million and $60.3 million, respectively, in 2024, reflecting substantial year-over-year increases. Their pay packages included a $3 million base salary each, significant stock awards of $42.7 million, $12 million cash bonuses, and additional option awards, with Sarandos earning slightly more in other compensation. These increases followed shareholder-driven changes to Netflix's executive pay structure in 2023, introducing more performance-based elements. The compensation announcement coincided with strong first-quarter 2025 financial results and positive stock market momentum attributed to subscriber growth, password-sharing crackdowns, and the success of Netflix's ad-supported tier. Netflix's content slate for late 2024, featuring high-profile releases and sporting events, contributed to optimistic forecasts for further subscriber additions. Founder Reed Hastings, now Board Chairman, earned $1.7 million in 2024 after stepping down as Executive Chairman.