As it released its Q3 earnings, showing a 12% gain in revenues to $12.9 billion, with a net profit of $3.7 billion, Netflix co-CEOs Greg Peters and Ted Sarandos fielded questions from analysts about tackling the engagement issue, the appointment of Peter Rice as the new chief content officer, the…

Bela Bajaria, who was in Cannes this week to speak at MIPCOM and receive the Variety Vanguard Award, is out as Netflix's chief content officer, replaced by Peter Rice.

Netflix co-CEOs Greg Peters and Ted Sarandos fielded a raft of questions about engagement levels and content investment on the platform's Q2 2026 investor call, as it reported a 13% revenue gain to $12.6 billion.

As it has ramped up its international expansion in the last decade, Netflix has spent more than $135 billion on films and series across the globe, Ted Sarandos revealed in a blog post unveiling "The Netflix Effect," a report on the platform's economic, cultural, and social impact.

Netflix says it will not upgrade its offer to acquire Warner Bros. after Warner Bros. Discovery's board determined that the Paramount Skydance offer is superior to its agreed-upon transaction with the streaming giant.