Netflix Plunges After US Revenues Miss, Dismal Q2 Guidance, Hastings Stepping Down As Chairman

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Source: Zero Hedge
Published: 2026-04-17 06:31 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Science, Economy & Finance, Financial Markets, World News, Business & Economy
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Snippet:
After staging a powerful rebound in the past two months, when first weak Q4 earnings sent the stock plunging to multi-year lows, which however was offset by the end of the company's expensive pursuit of HBO/Warner Bros. Discovery , and which sent the stock almost 50% higher from $75 to $108,moments ago Netflix reported Q1 earnings which were mixed but guidance was especially poor and rekindled the same fears as those unveiled three months ago, and coupled with the news
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