Netflix Co-CEOs Ted Sarandos, Greg Peters See Pay Packages Drop in 2025
In 2025, the chief executive officers of Netflix, Ted Sarandos and Greg Peters, saw a reduction in their total compensation compared to the previous year. Each executive's pay package amounted to slightly over $53 million, a decline from the $62 million and $60 million they received in 2024, respectively. This information was disclosed in a recent SEC filing, coinciding with the company's first-quarter earnings report for 2026, during which the leadership team engaged with analysts.
The detailed compensation breakdown for 2025 reveals that both Sarandos and Peters were allocated a base salary of $3 million. A significant portion of their remuneration came from stock awards, with each receiving $41.4 million in this category. Notably, neither CEO was granted any bonuses or option awards for the year. However, they both received cash-based awards exceeding $7 million. Additional compensation, which encompassed benefits such as the personal use of Netflix's corporate aircraft, amounted to $2.5 million for Sarandos and $1.7 million for Peters.
Beyond the current co-CEOs, the filing also provided insights into the remuneration of other key figures within the company. Reed Hastings, the co-founder and former executive chairman of the board, received a base salary of $33,846, with his total earnings from Netflix reaching $1.24 million. Spencer Neumann, the chief financial officer, had a compensation package of $20.8 million, including a base salary of $2 million. David Hyman, the chief legal officer, received $15.4 million, also with a $2 million base salary. Clete Willems, the chief global affairs officer who joined in April of the previous year, earned $14.3 million, with a base salary of $761,539. Willems was the sole member of the C-suite to receive a bonus for the year, a $2.8 million sign-on incentive.
The disclosed compensation adjustments for Netflix's top executives highlight a shift in their remuneration structure for the specified year. Despite the decreases, their overall earnings remain substantial, reflecting their leadership roles within the global streaming giant. The detailed breakdown provides transparency into how these significant figures are compensated, incorporating a mix of base salaries, stock awards, and other benefits, with specific considerations for new executive appointments such as sign-on bonuses.
