Netflix shares fall after downbeat revenue forecast, co-founder to leave - Reuters

<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>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

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 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%.

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.

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.