Netflix Stock Drops Despite Strong Earnings as Reed Hastings Steps Down
Netflix reported better-than-expected first-quarter 2026 results, driven by higher membership prices and increased advertising revenue, yet its stock fell sharply in after-hours trading following the announcement that co-founder and chairman Reed Hastings would step down from the board. The streaming giant posted a 16% year-over-year increase in revenue for Q1 2026, marking its first full … Read more