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FILE PHOTO: 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/Daniel Cole/File Photo
FILE PHOTO: 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/Daniel Cole/File Photo
Home » News » Business & Economy » Netflix shares fall after downbeat revenue forecast, co-founder to leave
Business & Economy

Netflix shares fall after downbeat revenue forecast, co-founder to leave

by 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. 

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(Reporting by Samuel Indyk; Editing by Amanda Cooper)

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Information you can trust. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. (c) 2025 Thomson Reuters

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