Hastings Exits Netflix. The $3B Ad Push Is the Only Growth Lever Left.
Netflix announced on April 16, 2026 that co-founder Reed Hastings will leave the board at the annual meeting on June 4, 2026, ending a 29-year run with the company he started. The same shareholder letter restated a $3 billion 2026 ad revenue target, double the $1.5 billion Netflix booked