Live Aaj Urdu BRecorder
Business & Economy

Netflix shares fall after downbeat revenue forecast, co-founder to leave

Published 17 Apr, 2026 11:31am 1 min read
reuters Reuters
A drone view shows the Netflix logo on one of the company’s buildings in the Hollywood neighbourhood in Los Angeles, California, US. – Reuters
A drone view shows the Netflix logo on one of the company’s buildings in the Hollywood neighbourhood in Los Angeles, California, US. – Reuters

Shares in ​Netflix fell sharply ‌in Europe on Friday ​after the ​company forecast revenue ⁠growth below expectations ​and as ​chairman and co-founder Reed Hastings said ​he ​would not seek re-election.

By ‌0603GMT, ⁠the streaming service’s Frankfurt-listed shares were ​down ​8.7%. ⁠

Netflix shares in ​New York ​have ⁠risen about 15% this ⁠year.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

stock market Netflix wall street investors shares streaming reed hastings tecch stocks earnings
Related Stories
Most Popular
Latest