Cover	12 Months Ended
Cover	Dec. 31, 2023
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	NETFLIX, INC.
Entity Central Index Key	0001065280

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)
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)						Total Shareholder Return ($)		Peer Group Total Shareholder Return ($) (3)		Net Income ($ Millions)		F/X Neutral Operating Margin (4)

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


	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


	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

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