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.
Source:The Verge
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 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.
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.
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.
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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