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Financial Times ·

Netflix execs and industry insiders say co-CEO Ted Sarandos devised its mass-market and international growth strategy, which the now-fired Bela Bajaria executed

Co-chief Ted Sarandos faces questions over content strategy as slowing viewer engagement threatens growth

Netflix
In this story Bela Bajaria Netflix Ted Sarandos
Netflix execs and industry insiders say co-CEO Ted Sarandos devised its mass-market and international growth strategy, which the now-fired Bela Bajaria executed

Lead Source

Financial Times — Netflix execs and industry insiders say co-CEO Ted Sarandos devised its mass-market and international growth strategy, which the now-fired Bela Bajaria executed ↗

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Coverage · 0 Discussion · 0
Oct 21Oct 22

Coverage

CNBC: Netflix reports Q3 revenue up 12% YoY to $12.87B, meeting est., and net income up 44% YoY to $3.66B, in part due to the timing of expenses; NFLX drops 4%+

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Morningstar: Morningstar
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The Daily Upside: The Daily Upside
New York Times: New York Times
GuruFocus: GuruFocus

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Related stories

Bloomberg: Netflix co-CEO Ted Sarandos says growth is slower than he would like and defends the WBD pursuit, adding Netflix isn't seeking another acquisition to replace it
Wall Street Journal: Ted Sarandos complained for months of a lack of new Netflix hit shows and US watch time being down; Netflix just fired its film chief and content chief
Variety: Netflix Chief Content Officer Bela Bajaria is leaving the company and will be replaced by former Disney and Fox executive Peter Rice, who starts October 26
New York Times: Netflix has discussed adding streamers like Peacock and Fox One as it seeks to compete with YouTube and Roku in becoming a one-stop shop for TV content
Wall Street Journal: Memo: Netflix is cutting 6% of its staff, or ~1,000 jobs globally across product, tech, legal, and HR, its biggest layoffs since 2022, amid slowing growth

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