Netflix doesn’t want investors to worry, despite recent shake-ups, layoffs

Following a dramatic C-suite reshuffle and its largest round of layoffs in years, Netflix’s top executives reassured investors Tuesday that they have a plan to keep audiences hooked.

The streaming giant announced that its third-quarter revenue grew 12% year over year, to $12.9 billion, while net income rose 48%, to nearly $3.7 billion.

“Our engagement is solid, and it will allow us to continue to grow as we have for the last several years,” co-CEO Greg Peters said on the streamer’s third-quarter earnings call, referring to the company’s performance in the U.S. “But we know that we can do better.”