Netflix co-founder logs out (are you sure?)
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 17 April 2026
⏱️ 4 minutes
🧾️ Download transcript
Summary
Show Notes
Western states look to desalination amid Colorado River crisis
A ‘reverse perfect storm’ coming this earnings season
Episode transcripts: seekingalpha.com/wsb
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:10.7 | Good morning. Today is Friday, April 17th, and I'm your host, Kim Khan, filling in for Julie Morgan. |
| 0:16.0 | Netflix is tumbling pre-market on softer than expected guidance, and news that chairman, co-founder, and former |
| 0:21.9 | CEO Reid Hastings will leave the company's board in June. Hastings, who helped transform |
| 0:26.8 | Netflix from mailing DVDs to customers into the gold standard of streaming, said he is shifting |
| 0:31.6 | his focus to philanthropy and other pursuits. He co-founded the company in 1997 and served as CEO for more than two decades |
| 0:39.0 | before handing the role to co-CEO's Ted Sarandos and Greg Peters. In Q1, Netflix posted EPS of $1.23, |
| 0:46.4 | though the figure is not comparable to the street's 76 cent estimate because it includes the $2.8 billion |
| 0:52.2 | dollar Warner merger breakup fee paid by Paramount Skydance. |
| 0:56.3 | Revenue rose 16% year-on-year to $12.25 billion, topping expectations of 12.17, |
| 1:02.3 | reflecting stronger subscription growth, pricing gains, and higher ad revenue. |
| 1:06.5 | However, investors had hoped for a lift to full-year guidance now that the Warner Warner Brothers Discovery Battle is behind it. Instead, Netflix maintained its revenue outlook of $50.7 to |
| 1:16.5 | $51.7 billion, with the midpoint below the $51.38 billion consensus estimate. |
| 1:22.6 | For Q2, the company guided to an operating margin of 32.6% down 150 basis points from a year earlier. |
| 1:29.6 | Seeking off analysts, Max Greaves, said Netflix had been feasting on the upside of ads and sports, |
| 1:34.5 | but warned that engagement friction, league dependency, and scripted crowding were becoming more apparent. |
| 1:40.4 | This report makes all those negative trends manifest, he added. |
| 1:44.6 | Regulators are examining the distribution of streaming rights for Major League Baseball |
| 1:48.3 | as part of a broader federal probe into how professional sports leagues |
| 1:52.0 | deliver games to online platforms. |
| 1:54.7 | FCC chairman Brendan Carr told Bloomberg he has been hearing from fans frustrated by the fragmented viewing landscape. |
| 2:01.2 | One thing that did surprise me was a level of interest of baseball fans in particular, he said. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.