Technology · 17 April 2026
Netflix Revenue Tops Forecasts as Hastings Leaves
Viewers and investors are seeing Netflix stay financially strong even as a major leadership change begins. The company reported first-quarter revenue of $12.25 billion on 16 April 2026, beating analysts’ estimates, while co-founder Reed Hastings said he will leave the board when his term ends in June. Shares fell in after-hours trading, dropping about 7% to 10% after the results and announcement.
Reported by Bloomberg · How we write briefs