Despite mounting competition, Netflix added 8.5 million subscribers in the period and 37 million in 2020, well ahead of forecasts.

Inside the company, he continued, “It gets us fired up about increasing our membership, increasing our content budget and it’s going to be great for the world that Disney and Netflix are competing show by show, movie by movie.

“Are there any reasons why the Disney numbers are not a benchmark for Netflix and why the company can’t get there?”.

He figuratively pointed to the scoreboard, noting the 40% annual rate of return to Netflix shareholders since the company went public in 2002.

Viewing for both films was healthy, on top of strong Netflix consumption through the holiday, Sarandos said, proving that customers’ supplementing Netflix with extra subscriptions is a “super-healthy dynamic.”.

He went on to stress other competitive edges for Netflix, including its higher penetration globally and revenue per user that is more than twice Disney’s, based on recent quarterly numbers.

Along with COO and chief product officer Greg Peters, who also noted the “virtuous cycle” created by Netflix revenue, Wang had notably departed from Hastings’ “super-impressive” start to the Disney portion of the interview