Bloomberg · Sohee Kim ·

Netflix co-CEO Ted Sarandos says growth is slower than he would like and defends the WBD pursuit, adding Netflix isn't seeking another acquisition to replace it

Ted Sarandos, co-chief executive officer at Netflix Inc., said the US streaming giant isn't growing as quickly as he would like.

In this story Netflix Ted Sarandos WBD

Netflix co-CEO Ted Sarandos says growth is slower than he would like and defends the WBD pursuit, adding Netflix isn't seeking another acquisition to replace it

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Bloomberg — Netflix co-CEO Ted Sarandos says growth is slower than he would like and defends the WBD pursuit, adding Netflix isn't seeking another acquisition to replace it ↗

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Financial Times: Netflix execs and industry insiders say co-CEO Ted Sarandos devised its mass-market and international growth strategy, which the now-fired Bela Bajaria executed

Wall Street Journal: Ted Sarandos complained for months of a lack of new Netflix hit shows and US watch time being down; Netflix just fired its film chief and content chief

Puck: Netflix is preparing to cut ~5% of employees, or ~850 jobs, as early as next week, amid pressure over weakened engagement and a depressed stock price

Wall Street Journal: Memo: Netflix is cutting 6% of its staff, or ~1,000 jobs globally across product, tech, legal, and HR, its biggest layoffs since 2022, amid slowing growth

New York Times: Netflix has discussed adding streamers like Peacock and Fox One as it seeks to compete with YouTube and Roku in becoming a one-stop shop for TV content

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