Netflix (NFLX) earnings Q1 2026
Netflix co-founder and CEO, Reed Hastings, is in Sydney to satisfy with executives of different subscription streaming companies on Feb. 25, 2022.
Wolter Peeters | Fairfax Media | Getty Images
Netflix‘s inventory dropped on Thursday after the streaming big launched its first quarter earnings report.
The firm additionally introduced that Reed HastingsNetflix’s co-founder and present chairman, would exit the board in June when his time period expires.
Hastings stepped down from his CEO function in 2023. Greg Peters, who had served as chief working officer, stepped into the co-CEO function alongside Ted Sarandos.
“Netflix changed my life in so many ways, and my all-time favorite memory was January 2016, when we enabled nearly the entire planet to enjoy our service,” Hastings stated within the firm’s shareholder letter on Thursday. Hastings will now deal with philanthropy and different pursuits, based on the letter.
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