Reed Hastings of Netflix transformed not only the media and entertainment landscape but the rules of corporate culture, @bethkowitt says (via @opinion) https://t.co/0kEr84WrTM ...

NETFLIX TUMBLES 10% DESPITE Q1 BEAT$NFLX fell 9% in after-hours trading Thursday and continued lower into Friday, hitting $96.20 at one point, down roughly 10.8%.The streaming giant reported Q1 revenue of $12.25B, up 16.2% year over year and beating the $12.18B estimate. Net income jumped 82.8% to $5.28B, boosted by a $2.8B termination fee from the failed Warner Bros. Discovery deal. EPS came in at $1.23 on the inflated figure.The selloff came on weak Q2 guidance ($12.57B vs $12.65B expected) and news that ...

>> "BLOOMBERG TECH" IS LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. ED: THIS IS "BLOOMBERG TECH. " NEXT FIX -- NETFLIX GIVES A LACKLUSTER REPORT AND REED HASTINGS STEPSON AFTER 29 YEARS OF THE COMPANY. CAROLINE: THE U.S. COMPANY PLANS TO MAKE THE HEAD OF ANTHROPIC DESPITE THE ONGOING LEGAL FEUD WITH THE PENTAGON. ED: SICKLY CAPITAL RAISES $7 BILLION, TARGETING AI GIANTS LIKE OPENAI AND ANTHROPIC. WE HAVE DETAILS LATER IN THE HOUR. CAROLINE: EXTRAORDINARY MOVES. IT' ...

Let's start with that overhang, I guess. One of the reasons that the first quarter results look good is that they got to pay a breakup fee from Paramount. So factor that in.But I think that that is the story. There's just this overhang of what life looked like after walking away from the Warner Brothers Discovery deal. Well, walking away from the deal has, in the short term, up until today, been really good for the stock.Right. That the stock was was up quite a bit over the last few weeks. Investors did not ...

Welcome back. Shares of Netflix are sinking this morning after earnings misestimates. Julia Borson here at Post 9 with more on the story here and it really does stand out, especially with stocks rallying so hard.>> Yeah, so many different factors at play here for Netflix. On top of that earnings miss, the company also delivered guidance that missed expectations. Netflix also announcing a leadership shakeup as co-founder Reed Hastings announcing he plans to step down from the board following the company's an ...

JIM ARMSTRONG: Hey, there. Welcome to the latest episode of In the Money. I'm Jim Armstrong with Fidelity.Thank you for making time to be with us today. Thrilled, as always, to be joined by Tony Zhang. Certainly a lot of him as co-founder and chief strategist over at OptionsPlay.You probably also him as a regular contributor here on In the Money. Tony, great to see you. TONY ZHANG: Good to see you as well, Jim.It's been an interesting week. Looking forward to breaking it down. JIM ARMSTRONG: I was going to ...

Netflix plans to add a vertical video feed, use AI for recommendations https://t.co/YvJfobDZBB ...

It's definitely the lighter guidance. So I think not only were we looking at the second quarter guidance, which of course is lighter both on the revenue side as well as on the EPS upfront, but we were also anticipating some kind of a take up for the full year revenue guidance. So so remember the quarter before they had said 12 to 14% for the full year and they basically just came out this time and reaffirmed that same number.And I think the Street was really looking for the recently implemented price hikes ...

the we've highlighted over many many appearances with you u the the challenges and and the strengths that Netflix uh has demonstrated uh over the years. What you looked at the the results and and the comments also Reed Hastings that news. What's your feeling this morning about prospects for for the company and the stock.Well, before I go into that, I got to mention one thing more important than that. Today is the 37th anniversary of the launch of CNBC right in this hour. So, uh, very important.We launched i ...

It is 5AM in New York City and 10AM in London. Good morning. I'm Scarlet Fu in for Vonnie Quinn with your Bloomberg Brief.Let's get you set up for the day. Fresh all time highs. Stock futures wavering after the s&p 500 and nasdaq 100.Host back to back record highs. More assurance that the end is near. Well, tumbling as president trump again says a peace deal with iran could come soon.And netflix is set to decline after its earnings forecast misses estimates and says chairman and co-founder Reed Hastings is ...