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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay-Versus-Performance
Table
The following table sets forth information concerning
pay-versus-performance
for our Principal Executive Officer (“PEO”) and other non-PEO Named Executive Officers (“NEOs”) prepared in accordance with Item 402(v) of Regulation S-K under the Exchange Act (the “Pay Versus Performance Rules”) for 2023, 2022, 2021, and 2020. For 2020-2022, Reed Hastings and Ted Sarandos served as
co-CEOs,
in 2023, each of Reed Hastings, T
ed Sarandos
and Greg Peters served as a
co-CEO
for part or all of 2023, and each of them is presented as a PEO for the year(s) served as a CEO.
As discussed in the Compensation Discussion and Analysis section above, target compensation for a given year is determined at the end of the prior year. The dollar amounts in the total column of the Summary Compensation Table and in the columns that begin with either “Summary Compensation Table” or “Average Summary Compensation Table” in the
Pay-Versus-Performance
Table reflect the grant date fair values with respect to stock options granted during the respective fiscal year, computed in accordance with generally accepted accounting principles in the U.S. Those amounts may vary significantly year over year due to factors such as stock price volatility, as was the case for the years presented here, with increased volatility in 2022 versus 2021 and slightly decreased volatility in 2023 versus 2022.
 
Year
  
Summary
Compensation
Table Total
for Reed
Hastings
($)
  
Summary
Compensation
Table Total
for Ted
Sarandos
($)
  
Summary
Compensation
Table Total
for Greg
Peters
($)
  
Compensation
Actually Paid
to Reed
Hastings
($)
(1)
  
Compensation
Actually Paid
to Ted
Sarandos
($)
(1)
  
Compensation
Actually Paid
To Greg
Peters
($)
(1)
  
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
($)
(2)
  
 Average 
 Compensation 
 Actually Paid 
 to
Non-PEO 

 NEOs 
 ($)
(1)(2)
 
       
Value of Initial Fixed
$100 Investment Based
On:
       
Net
Income
($ Millions)
  
F/X Neutral
Operating
Margin
(4)
 
Total
Shareholder
Return ($)
  
Peer Group
Total
Shareholder
Return ($)
(3)
2023
       11,290,411       49,834,936       40,117,124       13,536,949       57,780,177       46,723,963       10,980,792       10,980,792           150.47       118.93           5,408       20.9 %
2022
       51,073,237       50,299,296       —       51,073,237       50,299,296       —       16,336,478       16,336,478           91.13       81.50           4,492       20.0 %
2021
       40,823,725       38,232,164       —       40,823,725       38,232,164       —       12,097,270       12,097,270           186.19       134.41           5,116       21.6 %
2020
       43,226,024       39,318,251       —       43,226,024       39,318,251       —       12,392,648       12,392,648                 167.11       137.32                 2,761       19.9 %
 
(1)
  
As discussed in our Compensation Discussion and Analysis, the stock options granted in 2022, 2021, and 2020 vested immediately upon grant, as did the stock options granted to Messrs. Neumann, Hyman, and Ezama and Ms. Whetstone in 2023. As such, there was no difference between the grant date fair value of the stock option awards set forth in the Summary Compensation Table and the fair value of the stock option awards on the vesting date for such awards.
 
(2)
  
The
non-PEO
Named Executive Officers for each of 2022, 2021 and 2020 were Messrs. Neumann, Peters and Hyman, and Ms. Whetstone. The
non-PEO
Named Executive Officers for 2023 were Messrs. Neumann, Hyman and Ezama and Ms. Whetstone.
 
(3)
  
Represents the cumulative TSR of the RDG Internet Composite Index for each year.
 
(4)
  
We have determined that F/X Neutral Operating Margin is the financial performance measure that, in the Company’s assessment, represents the most important financial performance measure used to link “compensation actually paid” to our Named Executive Officers, for the year ended December 31, 2023, to company performance (the “Company Selected Measure” as defined in the Pay Versus Performance Rules).
The following table shows the adjustments from the Summary Compensation Table total compensation to calculate the “compensation actually paid” (“CAP”) to our PEOs and
Non-PEO
Named Executive Officers in accordance with the Pay Versus Performance Rules in 2023. As noted above, the stock options granted in 2022, 2021, and 2020 vested immediately upon grant, as did stock options granted to Messrs. Neumann, Hyman and Ezama, and Ms. Whetstone in 2023. As such, there was no difference between the grant date fair value of such stock option awards as included in the Summary Compensation Table and the fair value of the stock option awards on the vesting date. No adjustments were made for defined benefit and actuarial pension plans because the company does not have defined benefit or actuarial pension plans.
 
 
 
  
 
   
Reed Hastings
($)
  
Ted Sarandos
($)
  
Greg Peters
($)
  
Average for
Non-PEO

NEOs
($)
Summary Compensation Table (“SCT”) Total
        11,290,411       49,834,936       40,117,124       10,980,792
Minus
Amounts reported as “Option Awards” in the SCT
        (10,643,357 )       (28,308,620 )       (22,667,588 )       (5,809,874 )
Plus
the change as of 2023 Year End (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that are outstanding and unvested as of 2023 Year End
        0       0       0       0
Plus
the Fair Value as of the vesting date for awards that were both granted and vested in 2023
        4,142,910       2,436,994       974,832       5,809,874
Plus
the change as of the vesting date (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that vested during 2023
        0       0       0       0
Minus
the Fair Value as of the end of the prior year of awards that were forfeited during 2023
        0       0       0       0
Plus
the Fair Value of Equity Awards Granted in the Year and Unvested as of Year End
        8,746,985       33,816,867       28,299,595       0
Equals
Compensation Actually Paid
        13,536,949       57,780,177       46,723,963       10,980,792
     
Company Selected Measure Name F/X Neutral Operating Margin      
Named Executive Officers, Footnote The
non-PEO
Named Executive Officers for each of 2022, 2021 and 2020 were Messrs. Neumann, Peters and Hyman, and Ms. Whetstone. The
non-PEO
Named Executive Officers for 2023 were Messrs. Neumann, Hyman and Ezama and Ms. Whetstone. 		     
Peer Group Issuers, Footnote Represents the cumulative TSR of the RDG Internet Composite Index for each year.      
Adjustment To PEO Compensation, Footnote
The following table shows the adjustments from the Summary Compensation Table total compensation to calculate the “compensation actually paid” (“CAP”) to our PEOs and
Non-PEO
Named Executive Officers in accordance with the Pay Versus Performance Rules in 2023. As noted above, the stock options granted in 2022, 2021, and 2020 vested immediately upon grant, as did stock options granted to Messrs. Neumann, Hyman and Ezama, and Ms. Whetstone in 2023. As such, there was no difference between the grant date fair value of such stock option awards as included in the Summary Compensation Table and the fair value of the stock option awards on the vesting date. No adjustments were made for defined benefit and actuarial pension plans because the company does not have defined benefit or actuarial pension plans.
 
 
 
  
 
   
Reed Hastings
($)
  
Ted Sarandos
($)
  
Greg Peters
($)
  
Average for
Non-PEO

NEOs
($)
Summary Compensation Table (“SCT”) Total
        11,290,411       49,834,936       40,117,124       10,980,792
Minus
Amounts reported as “Option Awards” in the SCT
        (10,643,357 )       (28,308,620 )       (22,667,588 )       (5,809,874 )
Plus
the change as of 2023 Year End (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that are outstanding and unvested as of 2023 Year End
        0       0       0       0
Plus
the Fair Value as of the vesting date for awards that were both granted and vested in 2023
        4,142,910       2,436,994       974,832       5,809,874
Plus
the change as of the vesting date (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that vested during 2023
        0       0       0       0
Minus
the Fair Value as of the end of the prior year of awards that were forfeited during 2023
        0       0       0       0
Plus
the Fair Value of Equity Awards Granted in the Year and Unvested as of Year End
        8,746,985       33,816,867       28,299,595       0
Equals
Compensation Actually Paid
        13,536,949       57,780,177       46,723,963       10,980,792
     
Non-PEO NEO Average Total Compensation Amount $ 10,980,792 $ 16,336,478 $ 12,097,270 $ 12,392,648
Non-PEO NEO Average Compensation Actually Paid Amount $ 10,980,792 16,336,478 12,097,270 12,392,648
Adjustment to Non-PEO NEO Compensation Footnote
The following table shows the adjustments from the Summary Compensation Table total compensation to calculate the “compensation actually paid” (“CAP”) to our PEOs and
Non-PEO
Named Executive Officers in accordance with the Pay Versus Performance Rules in 2023. As noted above, the stock options granted in 2022, 2021, and 2020 vested immediately upon grant, as did stock options granted to Messrs. Neumann, Hyman and Ezama, and Ms. Whetstone in 2023. As such, there was no difference between the grant date fair value of such stock option awards as included in the Summary Compensation Table and the fair value of the stock option awards on the vesting date. No adjustments were made for defined benefit and actuarial pension plans because the company does not have defined benefit or actuarial pension plans.
 
 
 
  
 
   
Reed Hastings
($)
  
Ted Sarandos
($)
  
Greg Peters
($)
  
Average for
Non-PEO

NEOs
($)
Summary Compensation Table (“SCT”) Total
        11,290,411       49,834,936       40,117,124       10,980,792
Minus
Amounts reported as “Option Awards” in the SCT
        (10,643,357 )       (28,308,620 )       (22,667,588 )       (5,809,874 )
Plus
the change as of 2023 Year End (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that are outstanding and unvested as of 2023 Year End
        0       0       0       0
Plus
the Fair Value as of the vesting date for awards that were both granted and vested in 2023
        4,142,910       2,436,994       974,832       5,809,874
Plus
the change as of the vesting date (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that vested during 2023
        0       0       0       0
Minus
the Fair Value as of the end of the prior year of awards that were forfeited during 2023
        0       0       0       0
Plus
the Fair Value of Equity Awards Granted in the Year and Unvested as of Year End
        8,746,985       33,816,867       28,299,595       0
Equals
Compensation Actually Paid
        13,536,949       57,780,177       46,723,963       10,980,792
     
Compensation Actually Paid vs. Total Shareholder Return

     
Compensation Actually Paid vs. Net Income
 
 

      
Compensation Actually Paid vs. Company Selected Measure
     
Total Shareholder Return Vs Peer Group
 
 
LOGO
     
Tabular List, Table
Financial Performance Measures for Fiscal Year 2023
For the fiscal year ended December 31, 2023, we used F/X Neutral Operating Margin and F/X Neutral Revenue as financial performance measures to link CAP to company performance, as these were the metrics used in the 2023 Performance Bonus Program. Only Ted Sarandos and Greg Peters, the
co-CEOs
on December 31, 2023 participated in the Performance Bonus Program in 2023. F/X Neutral Revenue was calculated assuming foreign exchange rates had remained constant with foreign exchange rates from each of the corresponding months of the prior-year period. F/X Neutral Operating Margin was calculated by dividing Adjusted Operating Profit by Adjusted Revenue. Adjusted Revenue is calculated using foreign exchange rates as of the beginning of the fiscal year. Adjusted Operating Profit is calculated as Adjusted Revenue less Adjusted Operating Expenses. Adjusted Operating Expenses was calculated using foreign exchange rates as of the beginning of the fiscal year, excluding the foreign exchange impact on content amortization as titles are amortized at a historical blended rate based on the timing of spend. The Company did not use financial performance measures to inform compensation for the Named Executive Officers in years prior to 2023, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
     
Total Shareholder Return Amount $ 150.47 91.13 186.19 167.11
Peer Group Total Shareholder Return Amount 118.93 81.5 134.41 137.32
Net Income (Loss) $ 5,408,000,000 $ 4,492,000,000 $ 5,116,000,000 $ 2,761,000,000
Company Selected Measure Amount 0.209 0.20 0.216 0.199
Measure:: 1        
Pay vs Performance Disclosure        
Name F/X Neutral Operating Margin      
Measure:: 2        
Pay vs Performance Disclosure        
Name F/X Neutral Revenue      
Reed Hastings [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 11,290,411 $ 51,073,237 $ 40,823,725 $ 43,226,024
PEO Actually Paid Compensation Amount $ 13,536,949 51,073,237 40,823,725 43,226,024
PEO Name Reed Hastings      
Ted Sarandos [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 49,834,936 50,299,296 38,232,164 39,318,251
PEO Actually Paid Compensation Amount $ 57,780,177 50,299,296 38,232,164 39,318,251
PEO Name Ted Sarandos      
Greg Peters [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 40,117,124 0 0 0
PEO Actually Paid Compensation Amount $ 46,723,963 $ 0 $ 0 $ 0
PEO Name Greg Peters      
PEO | Reed Hastings [Member] | Amounts reported as Option Awards in the SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (10,643,357)      
PEO | Reed Hastings [Member] | Change as of 2023 Year End (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that are outstanding and unvested as of 2023 Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Reed Hastings [Member] | Fair Value as of the vesting date for awards that were both granted and vested in 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,142,910      
PEO | Reed Hastings [Member] | Change as of the vesting date (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that vested during 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Reed Hastings [Member] | Fair Value as of the end of the prior year of awards that were forfeited during 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Reed Hastings [Member] | Fair Value of Equity Awards Granted in the Year and Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,746,985      
PEO | Ted Sarandos [Member] | Amounts reported as Option Awards in the SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (28,308,620)      
PEO | Ted Sarandos [Member] | Change as of 2023 Year End (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that are outstanding and unvested as of 2023 Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Ted Sarandos [Member] | Fair Value as of the vesting date for awards that were both granted and vested in 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,436,994      
PEO | Ted Sarandos [Member] | Change as of the vesting date (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that vested during 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Ted Sarandos [Member] | Fair Value as of the end of the prior year of awards that were forfeited during 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Ted Sarandos [Member] | Fair Value of Equity Awards Granted in the Year and Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 33,816,867      
PEO | Greg Peters [Member] | Amounts reported as Option Awards in the SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (22,667,588)      
PEO | Greg Peters [Member] | Change as of 2023 Year End (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that are outstanding and unvested as of 2023 Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Greg Peters [Member] | Fair Value as of the vesting date for awards that were both granted and vested in 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 974,832      
PEO | Greg Peters [Member] | Change as of the vesting date (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that vested during 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Greg Peters [Member] | Fair Value as of the end of the prior year of awards that were forfeited during 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Greg Peters [Member] | Fair Value of Equity Awards Granted in the Year and Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 28,299,595      
Non-PEO NEO | Amounts reported as Option Awards in the SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (5,809,874)      
Non-PEO NEO | Change as of 2023 Year End (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that are outstanding and unvested as of 2023 Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Fair Value as of the vesting date for awards that were both granted and vested in 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,809,874      
Non-PEO NEO | Change as of the vesting date (from the end of the prior year) in Fair Value (whether positive or negative) of Equity Awards granted in a prior year that vested during 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Fair Value as of the end of the prior year of awards that were forfeited during 2023 [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Fair Value of Equity Awards Granted in the Year and Unvested as of Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0