01 - Preheat oven to 375°F.
02 - Combine softened cream cheese, half the mozzarella, and half the Parmesan in a medium bowl until smooth.
03 - Spread cheese mixture evenly in the bottom of an 8-inch ovenproof baking dish.
04 - Pour pizza sauce evenly over the cheese layer.
05 - Sprinkle with remaining mozzarella and Parmesan cheese.
06 - Arrange beef pepperoni slices over the top. Add diced bell pepper and olives if desired.
07 - Sprinkle with oregano, garlic powder, and red pepper flakes.
08 - Bake for 18–20 minutes until cheese is melted, bubbly, and slightly golden at edges.
09 - Let cool for 5 minutes. Garnish with fresh basil if desired.
10 - Serve warm with sliced baguette, breadsticks, or crackers for dipping.