Netflix Earnings Forecast 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. (Source: Bloomberg)
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Netflix Misses Estimate, Stocks Hold Record Highs | The Close 4/16/2026
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Barings’ David Mihalick, PNC Financial Services CEO Bill Demchak, Ariel Investments’ John Rogers, Gabelli Funds’ John Belton, Seaport Research Partners’ David Joyce, Gerber Kawasaki’s Ross Gerber, AlixPartners’ Jeff Goldstein, MNTN CEO Mark Douglas, & EDO President & CEO Kevin Krim. (Source: Bloomberg)
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MNTN CEO: Netflix $10B Ad Revenue Est. 'Laughably Small'
MNTN CEO Mark Douglas discusses Netflix advertising revenue remaining on track despite after-market earnings report revealing profit outlook missed estimates. He talks with Katie Greifeld and Romaine Bostick on “The Close.” (Source: Bloomberg)