Netflix shares fall after downbeat revenue forecast, co-founder to leave - Reuters
Netflix shares fall after downbeat revenue forecast, co-founder to leave Reuters
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""Netflix is growing revenues double-digits, expanding margins in 2026 and gushing free cash flow.""
— Richard Greenfield , Other
Key People
One of the founders of Super Micro.
Reed Hastings is the co-founder of Netflix who recently stepped down from the board to focus on philanthropy.
Media analyst at LightShed Partners who provided commentary on Netflix's financial situation.
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<a href="https://news.google.com/rss/articles/CBMiswFBVV95cUxQSzVBV1c2QmNfWXJscEdCSXk4SzdZOXJtbjdQZlhJcERRQld6Y2JPeGpjVFdockpoMW1FRVBoczVXZEl3WVVZSVZRYmZhcDlDZ3NoT1hEZ3hNM0QtUlFTalh5cm1WeXFEd3hNa2ptSi1aUTZSOGViRmdhZXlzVWQxdzcycmtPTzd2R2hrUEl3TGNhQms2a2k3MUlvVlFfUTdyWUFsX3ZnLXEwZnJnMWdablNXUQ?oc=5" target="_blank">Netflix shares fall after downbeat revenue forecast, co-founder to leave</a> <font color="#6f6f6f">Reuters</font>
Reed Hastings, co-founder and Executive Chairman of Netflix, will leave the company in June to focus on philanthropy, as Netflix projects Q2 earnings below analyst expectations, causing shares to fall by 8%.
Netflix reported Q1 2026 revenue of $12.2 billion, surpassing analyst expectations, and announced co-founder Reed Hastings' departure from the board in June to focus on philanthropy, leading to a 9% drop in shares after hours.
Reed Hastings, co-founder and Executive Chairman of Netflix, will leave the company in June to focus on philanthropy, as Netflix projects Q2 earnings below analyst expectations, causing shares to fall by 8%.
Netflix announced that co-founder Reed Hastings will step down from the board in June to focus on philanthropy, coinciding with a forecasted Q2 profit below Wall Street estimates, leading to a nearly 10% drop in shares.
Reed Hastings, co-founder and Executive Chairman of Netflix, will step down from the board in June to focus on philanthropy and other pursuits. The company's revenue rose to $12.3 billion, beating analysts’ estimates.
Netflix forecasted second-quarter profit below Wall Street estimates, leading to a nearly 10% drop in shares. Co-founder Reed Hastings announced he will not stand for re-election at the annual meeting in June and plans to focus on philanthropy and other pursuits.
Reed Hastings will step down from the board of Netflix Inc. in June after 29 years, as the company reports Q1 revenue of $12.3 billion, beating analysts’ estimates, but shares fall due to his departure and Q2 guidance miss.
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