Netflix Reports Strong Q1 Results Amid Leadership Changes and Acquisition Setbacks
Netflix reported Q1 revenue of $12.25 billion and EPS of $1.23, both exceeding expectations. The results were driven by membership growth, higher pricing, and ad revenue, though the company faced challenges from seasonality and a failed acquisition bid. The departure of co-founder Reed Hastings also impacted investor sentiment.
Tickers: $NFLX
Topics: executive departure financial results Netflix Reed Hastings stock performance