In the year 2024, Netflix‘s Co-CEO, Ted Sarandos, received a total compensation worth approximately $61.9 million, and his counterpart, Co-CEO Greg Peters, earned around $60.3 million during the same period.
Sarandos’ compensation for this year consisted of a fixed salary of $3 million, the same as last year, plus stock rewards worth $42.7 million and a bonus of $12 million. In comparison, his total compensation in the previous year was $49.8 million, since no stock awards were given to him in 2023 or 2022.
As a gamer, I’d say my gaming package last year consisted of a basic salary bump from 2.89M to 3M USD, alongside a cool 12M bonus and 42.7M in virtual game tokens (stock awards). Compared to the previous year, my total package was significantly beefed up from 40.1M, given I didn’t get any game tokens back then.
In terms of salary, Sarandos received somewhat more due to his options awards and a greater valuation in the “other compensation” category that encompasses corporate aircraft usage.
The total amount of stock awards corresponds to the estimated market value on the date they were granted for both restricted stock units and performance share units.
In December 2023, Netflix revamped its compensation structure for its highest-ranking executives, following a rejection by shareholders of their CEO’s remuneration earlier in the year.
In 2024, Netflix has garnered mainly favorable opinions from financial analysts due to its surge in subscribers, achieved through stricter measures against password sharing and the introduction of a more affordable ad-supported subscription plan. Throughout most of the year, Netflix shares have experienced a significant rise. Many experts approached the company’s third-quarter earnings report with optimism, even though some cautioned that further stock growth might need time given the increased market value of the company. Nevertheless, the stock has continued to perform exceptionally well.
In Q4 of 2024, Netflix planned to release highly anticipated content such as Squid Game season 2, the Jake Paul vs Mike Tyson fight, and two NFL games on Christmas Day. This strong lineup suggested that Netflix expected a greater increase in paid subscribers during Q4 compared to Q3.
More to come.
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2025-04-18 00:54