Anonymousabout 13 hours ago
Netflix co-founder Reed Hastings will leave the company's board when his term expires in June, ending a 29-year tenure that transformed the entertainment industry. The announcement came alongside Q1 2026 earnings that beat expectations — $12.25 billion in revenue, EPS of $1.23 — but disappointed forward guidance for Q2 and full-year 2026 sent shares down roughly 9% in after-hours trading, raising questions about Netflix's post-founder trajectory at a pivotal moment for the streaming industry.