Reed Hastings Steps Down As Netflix Co-CEO After Rocky Year For Streaming Service

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Netflix cofounder Reed Hastings stepped down as co-CEO after 25 years at the company’s helm, Netflix announced Thursday in its fourth quarter earnings report, after the streaming service added over 7 million subscribers in the last three months of 2022, surpassing expectations as it reported slightly increased revenue after a difficult first half of the year for the content giant. READ MORE: Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more: Stay Connected Forbes on Facebook: Forbes Video on Twitter: Forbes Video on Instagram: More From Forbes:
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