नेटफ्लिक्स स्टॉक फिसलता है क्योंकि पूर्वानुमान चूक जाता है, सह-संस्थापक रीड हेस्टिंग्स बोर्ड से प्रस्थान की घोषणा करते हैं

Netflix (NFLX) stock fell 9.7% on Friday after its second-quarter guidance disappointed, with the decline nearly erasing the stock’s year-to-date gains.

The company also announced that its co-founder Reed Hastings, who took the company from a mail-order DVD company to the streaming giant it is today, plans to leave the board in June once his term expires.

Overall, the streaming giant reported stronger-than-expected profits in the first quarter after it lost the battle for the acquisition of Warner Bros. Discovery (WBD) to Paramount Skydance (PSKY) and raised its subscription prices.

In the first quarter, Netflix reported revenue of $12.25 billion, compared with the Street’s $12.17 billion estimate, per Bloomberg consensus data. In the first quarter of last year, the company reported revenue of $10.54 billion.

Adjusted earnings per share came in at $1.23, compared to estimates of $0.76. In the same quarter a year ago, earnings were $0.66. The company issued a 10-for-1 stock split in mid-November.

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Netflix’s second-quarter revenue and earnings forecast missed estimates, which did little to assuage investors’ concerns about growth momentum, according to Bloomberg Intelligence senior media analyst Geetha Ranganathan.

Its second-quarter revenue is expected to come in at $12.57 billion, compared to the $12.64 billion Wall Street estimated. Earnings-per-share guidance for the second quarter was $0.78, below the $0.84 per share the Street was expecting. The company’s operating income outlook of $4.11 billion is also well below the $4.34 billion the Street anticipated.

Co-CEO Greg Peters tried to settle those fears on the call, saying, "Of course, it's early in the year. There's still plenty of time to go, plenty of work left to go do."

“We’ve seen really good progress so far in this first quarter that builds on the solid momentum and results from 2025,” Peters added.

## Netflix moves on from Warner Bros. Discovery deal

This is the first quarterly report since the company left the negotiating table following a contentious bidding contest to acquire Warner Bros. Discovery. Paramount SkyDance won the bid and agreed to pay for the breakup.

Warner Bros. shareholders will vote next week on the $110 billion offer.

“Some of our initially planned costs for the deal, they won't fully materialize,” CFO Spencer Neumann said to investors. “But also, some that we were planning to carry into ‘27 were pulled forward into 2026. ... We're still in the ballpark, frankly, of the total that we were projecting for M&A-related expenses in the year. There’s no material impact on our operating margin outlook.”