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Netflix Shares Fall After Downbeat Revenue Forecast, Co-Founder to Leave

Published by Global Banking & Finance Review®

Posted on April 17, 2026

1 min read

Last updated: April 17, 2026

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Netflix shares fall after downbeat revenue forecast, co-founder to leave - Finance news and analysis from Global Banking & Finance Review

Tags:Finance Markets Stocks

Quick Summary

Netflix shares plunged nearly 9% in Europe after it issued a cautious second‑quarter revenue and profit forecast and announced that co‑founder and chairman Reed Hastings will not stand for re‑election.

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Netflix Shares Fall on Lower Revenue Forecast and Reed Hastings' Departure

Netflix Stock Performance and Leadership Changes

European Market Reaction

LONDON, April 17 (Reuters) - Shares in Netflix fell sharply in Europe on Friday after the company forecast revenue growth below expectations and as chairman and co-founder Reed Hastings said he would not seek re-election.

Share Price Movements

By 0603GMT, the streaming service's Frankfurt-listed shares were down 8.7%. Netflix shares in New York have risen about 15% this year.

Reporting Credits

(Reporting by Samuel Indyk; Editing by Amanda Cooper)

Key Takeaways

•Netflix’s Q2 guidance disappointed analysts: it expects earnings per share of $0.78 vs. $0.84 consensus and revenue of $12.57B vs. $12.64B (za.investing.com)
•In Europe, Netflix’s Frankfurt-listed shares fell about 8.7%, reflecting investor concern despite a 15% year-to-date gain in New York (apnews.com)
•Co‑founder Reed Hastings will step down from the board when his term expires in June to focus on philanthropy (apnews.com)

References

Frequently Asked Questions about Netflix shares fall after downbeat revenue forecast, co-founder to leave

1Why did Netflix shares fall?

Netflix shares fell due to a revenue forecast that was below expectations and news that co-founder Reed Hastings will not seek re-election.

2How much did Netflix shares drop in Europe?

By 0603GMT, the company's Frankfurt-listed shares were down 8.7%.

3Who is leaving Netflix?

Chairman and co-founder Reed Hastings said he would not seek re-election.

4How have Netflix shares performed in New York this year?

Netflix shares in New York have risen about 15% this year.

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Finance

Netflix Shares Fall After Downbeat Revenue Forecast, Co-Founder to Leave

Published by Global Banking & Finance Review®

Posted on April 17, 2026

1 min read

Last updated: April 17, 2026

Add as preferred source on Google

Tags:Finance Markets Stocks

Quick Summary

Netflix Shares Fall on Lower Revenue Forecast and Reed Hastings' Departure

Netflix Stock Performance and Leadership Changes

European Market Reaction

Share Price Movements

By 0603GMT, the streaming service's Frankfurt-listed shares were down 8.7%. Netflix shares in New York have risen about 15% this year.

Reporting Credits

(Reporting by Samuel Indyk; Editing by Amanda Cooper)

Key Takeaways

•Netflix’s Q2 guidance disappointed analysts: it expects earnings per share of $0.78 vs. $0.84 consensus and revenue of $12.57B vs. $12.64B (za.investing.com)
•In Europe, Netflix’s Frankfurt-listed shares fell about 8.7%, reflecting investor concern despite a 15% year-to-date gain in New York (apnews.com)
•Co‑founder Reed Hastings will step down from the board when his term expires in June to focus on philanthropy (apnews.com)

References

Frequently Asked Questions about Netflix shares fall after downbeat revenue forecast, co-founder to leave

1Why did Netflix shares fall?

Netflix shares fell due to a revenue forecast that was below expectations and news that co-founder Reed Hastings will not seek re-election.

2How much did Netflix shares drop in Europe?

By 0603GMT, the company's Frankfurt-listed shares were down 8.7%.

3Who is leaving Netflix?

Chairman and co-founder Reed Hastings said he would not seek re-election.

4How have Netflix shares performed in New York this year?

Netflix shares in New York have risen about 15% this year.