Particle.news
Download on the App Store

Netflix Co-CEOs' 2025 Pay Falls to About $53 Million Each

The SEC filing highlights stock-heavy pay with no cash bonuses or options.

Overview

  • Netflix disclosed the 2025 packages Thursday in an SEC filing as executives took analyst questions during a live-streamed first-quarter 2026 earnings interview.
  • Ted Sarandos earned $53.9 million and Greg Peters earned $53.2 million for 2025, down from about $62 million and $60 million in 2024.
  • Each co-CEO received a $3 million base salary that matched 2023 and 2024, plus more than $7 million in non-equity incentive pay and no bonus or option awards.
  • Stock grants made up the largest share, reported at roughly $41 million to $41.4 million by different outlets citing the same filing.
  • The filing also listed other leaders’ pay, including CFO Spencer Neumann at $20.8 million, and disclosed co-founder Reed Hastings’ total at $1.24 million.