Netflix Co-Founder Reed Hastings Steps Down After 29 Years as Q1 Results Smash Expectations
Reed Hastings leaves Netflix’s board after 30 years. Q1 beats expectations, but shares fall on Q2 outlook. Growth and ads drive strong results.
Reed Hastings leaves Netflix’s board after 30 years. Q1 beats expectations, but shares fall on Q2 outlook. Growth and ads drive strong results.
Goldman Sachs upgraded Netflix to Buy, seeing strong growth, rising users, and ~26% upside despite recent stock decline.
Netflix just raised US subscription prices again. Citi, JPMorgan, and Oppenheimer react with higher price targets and positive outlook for 2026.
Netflix walks away from buying Warner Bros. after refusing to match Paramount Skydance’s higher offer. Paramount now takes over the iconic studio in a huge Hollywood shake-up.
Warner Bros. Discovery’s board just ruled Paramount Skydance’s $31-per-share bid is better than Netflix’s deal — giving Netflix only four business days to top it or step aside in this blockbuster Hollywood bidding war.
Warner Bros. Discovery board says Paramount Skydance’s revised $31/share cash offer could top Netflix deal. Includes $7B regulatory fee & ticking fee. Talks continue.