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Focus is on Netflix just out with its latest quarterly results.

The company beating estimates, though.

Reed Hastings, of course, one of the co-founders is stepping down from the board after 29 years to pursue philanthropy and personal interests.

But again, we should point out in terms of the company, we can talk about that in just a moment,

did report revenue that beat analyst that in just a moment,

did report revenue that beat analyst estimates in the first quarter buoyed by strong subscriber growth, engagement, keeping subscribers there and bringing them in. That's important.

The guidance, though, is what has people concerned. Second quarter earnings per share of 78 cents

is what Netflix is guiding for. The estimate was for 84 cents. I want to bring in Geitha Ranganathan,

Bloomberg Intelligence Senior Media Analyst. She joins us from Bloomberg Intelligence headquarters

in Princeton. Geitha, there's two elements that we want to talk about here. One is the

light guide that disappointed analysts, but also Reed Hastings moving away. Which one is a bigger way

on the stock in the after

hours? Yeah, thanks so much, Tim. It's definitely the lighter guidance. So I think not only were we

looking at the second quarter guidance, which of course is lighter, both on the revenue side,

as well as on the EPS front, but we were also anticipating some kind of take up for the full-year revenue guidance.

So remember, the quarter before, they had set 12 to 14 percent for the full year.

And they basically just came out this time and reaffirmed that same number.

And I think the street was really looking for the recently implemented price hikes to contribute to, you know,

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