A drone view shows the Netflix logo on one of the company’s buildings in the Hollywood neighborhood in Los Angeles, California, U.S., January 20, 2026. REUTERS
LONDON, April 17 (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.
Reporting by Samuel Indyk; Editing by Amanda Cooper