Netflix co-founder Hastings steps down as CEO as company adds subscribers

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

He hands over the reins to longtime partner and co-CEO, Ted Sarandos, and the company's chief operating officer, Greg Peters.

Netflix lost customers in the first half of 2022. It returned to growth in the second half, but new customer additions remain below the pace of recent years.

Netflix will start rolling out features this quarter to try and convert more password sharers to paying subscribers, Peters said. He acknowledged it will not be a "universally popular move," comparing it to a price increase that will increase cancellations for a time but pay off with added revenue.Audiences flocked to Addams family tale "Wednesday," the third-most watched show in Netflix history, the company said.

"It feels like yesterday we were at our IPO. We were covered in red envelopes," Hastings said on Thursday in a post-earnings video interview.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Enh, oh well. Being WOKE doesn’t help or costs

Roman circus

I guess that means more homophobic & anti-trans specials from Dave Chapelle.

People should probably start pointlessly naming other CEOs who've recently stepped down and point to it as evidence that something sinister is about to be exposed (Again).

Now maybe they can stop canceling shows we actually like.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reed Hastings steps down as Netflix CEO as company posts subscriber gainsHe hands over the reins to longtime partner and co-CEO, Ted Sarandos, and the company's chief operating officer, Greg Peters. Hope he remembers to thank Duchess Meghan and Prince Harry
Source: Reuters - 🏆 2. / 97 Read more »