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Home/Tech/Reed Hastings to Leave Netflix Board After 30 Years
VERIFIEDBy Xavier Rivera· ·1 min read

Reed Hastings to Leave Netflix Board After 30 Years

Netflix co-founder Reed Hastings will not seek re-election to the board after nearly 30 years. The Q1 2026 earnings announcement caps his tenure as chairman following over two decades as CEO.

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Reed Hastings to Leave Netflix Board After 30 Years
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TL;DRAI · 60 sec read

Netflix co-founder and executive chairman Reed Hastings will not seek re-election to the board after nearly 30 years. He plans to focus on philanthropy. Netflix reports $12.25 billion in quarterly revenue, up 16.2% year-over-year from membership growth, higher pricing, and ad gains. Hastings credits his tenure with building a culture of member joy and enduring success.

Netflix co-founder and executive chairman Reed Hastings will not seek re-election to the board after nearly 30 years with the company.

Netflix's Q1 2026 earnings release, issued Thursday, states that Hastings "will not stand for re-election to our Board when his current term expires at the Annual Meeting in June."

Hastings co-founded Netflix in 1997 and served as CEO from 1999 to 2023, when he became chairman. "My real contribution at Netflix wasn’t a single decision; it was a focus on member joy, building a culture that others could inherit and improve, and building a company that could be both beloved by members and wildly successful for generations to come," he says in the release.
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He plans to focus on philanthropy and other pursuits, according to Netflix. The company reported $12.25 billion in quarterly revenue, up 16.2% year-over-year, driven by membership growth, higher pricing, and ad revenue gains.
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