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Business & Finance · October 20, 2026

Netflix's co-CEO says the streamer needs to make better US shows and movies

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Netflix reported strong third-quarter 2026 financial results, including an earnings beat and revenue growth, amid internal reorganization and leadership comments regarding content quality. Co-CEOs Ted Sarandos and Greg Peters addressed investor concerns by acknowledging a need for improved execution and higher-quality programming in the U.S. market, despite reporting healthy overall engagement and significant year-over-year net income growth.

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Reported by multiple outlets

  • Netflix reported third-quarter earnings that surpassed Wall Street expectations.
  • Company leadership acknowledged a need to improve the quality of U.S. content and execution.
  • Revenue grew 12% year-over-year to $12.9 billion.
  • Net income rose 48% to nearly $3.7 billion.
  • There have been recent organizational changes or leadership reshuffles at the company.
  • Investors have expressed concern regarding engagement or view-hour growth.

Reported by only some outlets

  • Netflix conducted its largest round of layoffs in years.
  • Shares fell following the report due to advertising and revenue guidance concerns.
  • Co-CEO Ted Sarandos specifically noted the U.S. is the company's biggest market.
  • Earnings per share specifically beat expectations while revenue was in line.

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