The Netflix co-founder announces his retirement.
(Photo: AP)
The success of the documentary “Harry & Meghan” and the series “Wednesday” brought Netflix a surprisingly strong increase in customers. The number of users increased by 7.66 to 231 million in the fourth quarter, the streaming service announced on Thursday. Analysts had expected only about half. Netflix shares rose 7% in after-hours trading.
According to additional information, sales were up 1.9 percent to $7.85 billion, in line with expectations. However, net income fell to $55 million from $607 million.
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At the same time, Netflix co-founder Reed Hastings announced his resignation. He is handing over the management of the company to his co-boss Ted Sarandos and to Greg Peters, who has been responsible for day-to-day business up to now. He himself is moving to the top of the board of directors.
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