Netflix earnings beat estimates as co-founder Reed Hastings announces departure [Yahoo! Finance]
Paramount Skydance Corporation - Class B (PSKY)
Company Research
Source: Yahoo! Finance
Discovery ( WBD ) to Paramount Skydance ( PSKY ) and raised its subscription prices. But the stock fell in extended trading on disappointing guidance. The streaming giant also announced that its co-founder Reed Hastings plans to leave the board in June. In Q1, Netflix reported revenue of $12.25 billion, compared with the Street's $12.17 billion estimate, per Bloomberg consensus data. In the first quarter of last year, the company reported revenue of $10.54 billion. Adjusted earnings per share came in at $1.23, compared to estimates of $0.76. In the same quarter a year ago, earnings were $0.66. The company issued a 10-for-1 stock split in mid-November. Shares were down around 9% after market close as investors digested the company's second quarter guidance. Revenue for the second quarter is expected to come in at $12.57 billion, compared to the $12.64 billion Wall Street forecast. Earnings guidance for the second quarter also missed expectations, coming in at $0.78 versus the
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PSKY
News
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PSKY
Earnings
- 2/25/26 - Miss
PSKY
Sec Filings
- 4/17/26 - Form 4
- 4/9/26 - Form 8-K
- 4/8/26 - Form 4
- PSKY's page on the SEC website