Reed Hastings Steps Down as Co-CEO of Netflix, Will Remain as Chairman of the Board

Reed Hastings Steps Down as Co-CEO of Netflix, Will Remain as Chairman of the Board

The company attributes the better-than-expected results to a strong content lineup that includes popular titles such as Glass Onion, Harry & Meghan, and Wednesday. Netflix is cautiously optimistic about the first quarter of 2023 and believes it will see a “modest” boost to its subscriber base. The company also plans to roll out paid account sharing “more broadly” later in the period.