Netflix chairman and co-founder Reed Hastings will step down from the company's board after his term expires in June to focus on philanthropy and other pursuits

Co-founder won't stand for re-election to the board, Netflix says in first earnings report since pulling out of Warner Discovery bid

Wall Street Journal 2026-04-16 Isabella Simonetti

Discussion

@tvgrimreaper @tvgrimreaper on x
An extra game or two to Netflix, and five “new” games to You Tube (as currently rumored) isn't increasing the NFL rights fees by much. Any significant increase will have to come from the current big rights holders, many of whom are balking!
@richlightshed @richlightshed on x
Netflix clearly flexing their long-term pricing power $NFLX “we think we are delivering one of the best entertainment values that has ever existed...in the US right now, Netflix subscribers are paying the least per hour of viewing compared to other SVOD offerings...in some
@sherman4949 Alex Sherman on x
“Our sports strategy is pretty much unchanged,” Netflix Co-CEO Ted Sarandos says, reiterating Netflix is mostly interested in big events. But he said say “pretty much!” There's some wiggle room! “We are in discussions right now” with NFL to “expand” that relationship.
@joecarlsonshow Joseph Carlson on x
I agree Meta is cheaper today on earnings. But to add some context to this. Netflix has direct control over their EPS, they can increase it or decrease it any time, like turning a spigot. They have chosen to invest aggressively in content this year and increase the budget to $20
@ecommerceshares @ecommerceshares on x
Brutal slowdown and Q2 EPS guide miss at $NFLX. No good when you're trading at a massive valuation premium to the Mag 7. Why own this when you can own much-faster growing $META dramatically cheaper? [image]
@joecarlsonshow Joseph Carlson on x
Today follows the long-held and respected tradition of Netflix putting out a banger earnings report and the stock dropping 10%. We must respect the tradition, as the stock will inevitably grind back to all-time highs in the coming months.
Dylan Jones Dylan Jones on linkedin
Reed Hastings leaving the Netflix board is probably the clearest indication yet that the company is moving out of its teenage years and ready to go into the world as a fully-fledged grown-up. …

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Netflix chairman and co-founder Reed Hastings will step down from the company's board after his term expires in June to focus on philanthropy and other pursuits

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