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

Published: 2026-04-17 02:08:51 ET NFLX

Published on 04/17/2026 at 02:08 am EDT - Modified on 04/17/2026 at 02:09 am EDT

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)