Netflix co-founder Reed Hastings to exit, saying it's so strong it doesn't need him
www.marketwatch.comUS Stock MarketApr 16, 2026, 8:22 PM
Reed Hastings (co-founder) leaving as executive chairman in June -- "Netflix's greatness is so strong that I can now focus on new things."
Q1: net income $5.28B vs $3.29B est.; EPS $1.23 vs $0.76. $2.8B WBD breakup fee boosted profits; guidance unchanged. NFLX -8.7% AH.
4Apr 16, 2026, 9:59 PM