Netflix Revenue Beats Estimates as Hastings Steps Down
Netflix Inc. reported revenue that beat analysts’ estimates in the first quarter, buoyed by strong subscriber growth.
The streaming pioneer also announced that co-founder Reed Hastings is stepping down from the board after 29 years to pursue philanthropy and personal interests.
Netflix founder Reed Hastings exits
- Billionaire Netflix co-founder Reed Hastings quits after earnings miss City AM —
- Netflix co-founder Hastings set to leave RTE —
- Netflix Shares Fall as Guidance Disappoints Investors Bloomberg —
- Netflix shares tumble after earnings forecast missed Irish Times —
- Netflix co-founder Reed Hastings to resign from board, leave company UPI —