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.

Speaking at the UBS Global TMT Conference shortly after Paramount’s all-cash rival offer, Netflix Co-CEOs Greg Peters and Ted Sarandos laid out the rationale for the game-changing deal to acquire Warner Bros.

Netflix will acquire Warner Bros. following its separation from Discovery Global for $82.7 billion.