Instant Reaction: Netflix Misses, Reed Hastings Steps Down
April 16, 2026
20 min
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3,380 of 3,435
April 16, 2026
Instant Reaction: Netflix Misses, Reed Hastings Steps Down
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Bloomberg Podcasts Episodes Around April 16, 2026
Episode 3,380 of 3,435 — walk the feed in the order it was published.
20:00This episodeInstant Reaction: Netflix Misses, Reed Hastings Steps Down
Summary
<p>Netflix gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading. The streaming pioneer also announced that chairman and co-founder Reed Hastings is stepping down from the board after 29 years to pursue philanthropy and personal interests.<br /><br />Revenue rose 16% in the first three months of the year to $12.3 billion, compared with estimates for $12.2 billion, the company said in a statement on Thursday. Earnings per share for the quarter were $1.23 compared with estimates of 76 cents.<br /><br />For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:</p> <ul> <li>Bloomberg Intelligence senior media analyst Geetha Ranganathan</li> <li>Eric Clark, Accuvest Global Advisors CIO and LOGO ETF Portfolio Manager</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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