Overview

• Reed Hastings, Netflix co-founder and former CEO, has stepped down from his executive chairman role and will now serve as a non-executive chairman of the board.
• The company announced that longtime board member Tim Haley, Netflix’s longest-standing independent director, will not seek re-election after 27 years of service.
• Netflix reported Q1 2025 revenue of $10.54 billion, a 12.5% increase year-over-year, and earnings per share of $6.61, surpassing Wall Street expectations.
• This quarter marks the first time Netflix has stopped reporting subscriber counts, focusing instead on financial performance and user engagement metrics.
• Netflix projects 15% revenue growth in Q2, driven by recent price adjustments and continued growth in membership and advertising revenue.