business / news / / CP24 Toronto
Hastings will not stand for re-election at Netflix's annual meeting in June.
Reed Hastings will not stand for re-election at Netflix's annual meeting and will leave the company.
KEY POINTS
- Netflix received a US$2.8 billion termination fee after losing the Warner Bros and HBO deal.
- Advertising revenue is projected to reach US$3 billion in 2026, doubling from the previous year.
- Netflix is expanding into video podcasts and live entertainment, including events like the World Baseball Classic in Japan.
- First quarter earnings per share rose to US$1.23, up from 66 cents last year.
COMPANIES
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