Reed Hastings earthquake on Netflix!  He left his post
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Reed Hastings earthquake on Netflix! He left his post #Tech #Technology #technews

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The online content platform Netflix is ​​experiencing the Reed Hastings earthquake. Hastings, co-founder of Netflix, stepped down as CEO. It is unclear who will replace Hastings. On the other hand, Netflix, which announced its balance sheet for the 4th quarter of 2022, accordingly exceeded the expectations in the last quarter of last year.

The wind of separation blew on Netflix, the online content platform. According to the information received, Netflix’s co-founder Reed Hastings has left his position as CEO. It is unclear who will replace Hastings. Details on how Hastings will continue his role at the company were also included in the announcement. At the same time, Netflix announced its balance sheet for the 4th quarter of 2022.

REED HASTINGS RELEASED CEO! WHO WILL REPLACE?

It has been reported that Hastings will be replaced by the company’s Chief Operating Officer Greg Peters, and Ted Sarandos will continue to serve as Co-CEO.

Netflix’s worldwide subscribers reached 230.8 million as of the end of last year.

The number of subscribers of Netflix, which exceeded expectations, was estimated to increase by 4.5 million during this period.

Netflix’s subscribers increased by 7.7 million in the last quarter of last year.

The company’s earnings per share also fell from $1.33 to $0.12 in the same period.

The company’s net profit, on the other hand, decreased by approximately 91 percent in the 4th quarter of last year compared to the same period of the previous year, to $ 55 million. Netflix’s net profit in the last quarter of 2021 was $607 million.

On the other hand, Netflix announced its balance sheet for the 4th quarter of 2022. Accordingly, the revenue of the company in the last quarter of last year increased by 1.9 percent compared to the same period of the previous year and reached $ 7.9 billion. The firm’s revenue was recorded as $7.7 billion in the same period of 2021.

It has been reported that Hastings will be replaced by the company’s Chief Operating Officer Greg Peters, and Ted Sarandos will continue to serve as Co-CEO.

It was announced that Netflix’s co-founder Reed Hastings, who left his position as chief executive officer (CEO), will continue his duty at the company as chairman of the board.

SUBSCRIBER NUMBER EXCEEDED EXPECTATIONS IN THE LAST QUARTER OF LAST YEAR

The company’s net profit, on the other hand, decreased by approximately 91 percent in the 4th quarter of last year compared to the same period of the previous year, to $ 55 million. Netflix’s net profit in the last quarter of 2021 was $607 million.

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