Netflix Revenue Surpasses Estimates; Hastings Departs

Netflix reported first-quarter revenue exceeding analyst expectations, driven by robust subscriber acquisition. The streaming giant's strong performance highlights continued growth in its core business. Concurrently, co-founder Reed Hastings is stepping down from the board after nearly three decades. Hastings intends to focus on philanthropic endeavors and personal pursuits, marking a significant transition for the company's leadership structure. This development signifies a new chapter for Netflix as it navigates the evolving media landscape and its future strategic direction.