Instant Reaction: Netflix Misses, Reed Hastings Steps Down

Instant Reaction: Netflix Misses, Reed Hastings Steps Down

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.

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.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

  • Bloomberg Intelligence senior media analyst Geetha Ranganathan
  • Eric Clark, Accuvest Global Advisors CIO and LOGO ETF Portfolio Manager

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Episoder(3454)

Instant Reaction: Netflix Disappoints Again with Slow Growth

Instant Reaction: Netflix Disappoints Again with Slow Growth

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14 Jul 4min

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SK Hynix Shares Plunge Most on Record in Deepening Korea Selloff

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13 Jul 17min

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. On this episode: Bloomberg's Katie Greifeld, David Gura, and Mandeep Singh join Scarlet Fu an...

10 Jul 39min

SK Hynix ADRs Surge After Record $26.5 Billion US Offering

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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, dis...

10 Jul 24min

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9 Jul 22min

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