Netflix co-CEOs Ted Sarandos and Greg Peters saw total compensation of, respectively, to about $61.9 million and $60.3 million in 2024, up sharply from the year before.
In 2023, Sarandos had a package worth $49.8 million while Peters was at $40.1 million.
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For last year, Sarandos saw base pay of $3 million, unchanged, but received stock awards valued at $42.7 million, option awards worth $2.25 million and non-equity incentive plan compensation (like a cash bonus) of $12 million, according to a proxy statement filed with the SEC.
Peters base salary of $3 million also included stock awards for $42.7 million, option awards. for $1.95 million and non-equity incentive plan pay of $12 million.
Neither executive received stock awards in 2023.
Proxies list the annual compensation of the top five highest paid executives at a public company.
The numbers hit as the duo were wrapping up an earnings call after Netflix posted strong 2025 first quarter financials. The company has been among the best performing stocks in the media and entertainment space with strong growth and steady financials.
CFO Spencer Neumann’s pay package totaled $22.9 million and chief legal office David Hyman saw $17.3 million in total comp — up, respectively, from $17 million and $13.7 million.
Netflix founder and executive chairman Reed Hastings, whose title will shift chairman and non-executive director, the company announced today, saw total compensation of $1.78 million, down from $11.3 million.
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