Netflix, Inc. (NFLX)
Netflix co-founder and chair Reed Hastings to leave board
Reed Hastings, the co-founder and chairman Netflix, is leaving the company's board when his term expires this summer. Hastings is stepping aside to focus on “philanthropy and other pursuits,” the company said in a letter to shareholders.
Netflix “Really Built Our M&A Muscle” During Warner Bros Pursuit, Ted Sarandos Says
Netflix “built our M&A muscle” during its ill-fated quest to acquire Warner Bros, Co-CEO Ted Sarandos told Wall Street analysts Thursday. “We've learned so much about deal execution, about early integration,” Sarandos said. “We're really proud of the teams that did all that work. We were proud to win the bid.
Netflix cofounder Reed Hastings is leaving the company
Reed Hastings, who helped start Netflix in the late 1990s, is leaving the company's board. Hastings, who was CEO until 2023, will focus on "philanthropy and other pursuits," Netflix said.
Netflix co-founder Reed Hastings makes shock exit, sending shares tumbling
Hastings is credited with helping to revolutionize how movies and television shows are delivered in homes, upending Hollywood's business model.
Netflix Q1 revenue, profit surpass expectations on advertising gains, higher prices
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) reported first quarter financial results that topped Wall Street expectations, with stronger-than-anticipated revenue and earnings driven by membership growth, pricing adjustments, and expanding advertising income. For the first quarter, Netflix posted revenue of $12.25 billion, slightly above analyst estimates of $12.18 billion.
Netflix shares plunge after weak guidance and news that cofounder Reed Hastings will leave the board
Netflix slightly beat revenue and operating income estimates in its first quarter earnings. Shares tumbled in after-hours trading after weak guidance for the second quarter.
Netflix chair Reed Hastings exits as earnings beat, stock drops
Shares of Netflix fell sharply on Thursday after the company announced that co-founder and chairman Reed Hastings will step down, even as the streaming giant reported better-than-expected first-quarter results. The stock declined around 8% in after-market trading after the announcement, reflecting investor concern over leadership changes at a time when the company is navigating a competitive streaming landscape and recalibrating its growth strategy.
Netflix Q1 Revenue And Earnings Beat Street Expectations, But Shares Still Plunge
Netflix topped Wall Street expectations for earnings and revenue in the first quarter, but the streaming giant's shares still took a dive in after-hours trading Thursday. Revenue rose 16% from the year-ago period to hit $12.25 billion, while diluted earnings per share came in at $1.23, nearly double a year ago.
Netflix reports earnings after the bell. Here's what to expect
Netflix reports first-quarter earnings after the market closes on Thursday. Wall Street expects earnings per share of 76 cents and revenue of $12.18 billion, according to LSEG.
5 Things to Know Before the Stock Market Opens
Stock futures are slightly higher this morning after the S&P 500 and the Nasdaq closed at record highs on Wednesday; oil prices are rising again as the Strait of Hormuz remains largely closed, with Pakistani officials looking to schedule a second round of peace talks between the U.S. and Iran; Netflix is scheduled to release quarterly results after the closing bell today, its first report since abandoning plans to acquire Warner Bros. Discovery; Spirit Airlines is reportedly considering liquidation as high fuel prices caused by the Iran war threaten the discount airline's bankruptcy restructuring plan; and PepsiCo topped Wall Street's earnings estimates thanks to solid international sales growth.
Why Netflix is in a win-win position as it continues to hike prices
Netflix is getting back to basics after bowing out of the bidding war for Warner Bros. The company has raised prices and is looking to expand its ad business.
Netflix Earnings Preview: Q1 2026
Visible Alpha consensus is expecting $12.2 billion in revenue for Q1 and $51.4 billion for FY 2026. The streaming giant expects to grow revenues by increasing engagement trends and reducing churn while offering a more diverse entertainment offering. Netflix remains upbeat about the long-term opportunity for advertising, given the size of its user base.
