Netflix details Q1 2026 update, Hastings to exit board

Netflix, Inc. filed a current report detailing two main updates.

Rhea-AI Filing Summary

Netflix, Inc. filed a current report detailing two main updates. First, the company announced that it released its financial results for the quarter ended March 31, 2026, with more detail and non-GAAP reconciliations provided in a Letter to Shareholders attached as Exhibit 99.1.

Second, Netflix disclosed that on April 10, 2026, Chairman and director Reed Hastings informed the company he will not stand for re-election at the 2026 annual meeting of stockholders. His current term will continue through the meeting, and the company states his decision is not due to any disagreement with Netflix.

Insights

Corporate governance analyst

Netflix pairs routine earnings update with Reed Hastings’ planned board exit.

Netflix reports that it has released quarterly results for the period ended March 31, 2026, directing investors to a Letter to Shareholders for full GAAP and non-GAAP details. This is a standard disclosure pattern using an attached exhibit for the financial specifics.

The more notable element is Reed Hastings’ decision not to stand for re-election as director and Chairman at the 2026 annual meeting. He will serve until the meeting, and the company states his decision is not due to any disagreement. This frames the change as an orderly governance transition rather than a dispute-driven departure.

8-K Event Classification

3 items: 2.02, 5.02, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Terms

non-GAAP financial information, Letter to Shareholders, furnished, Section 18 of the Securities Exchange Act of 1934, +1 more

5 terms

non-GAAP financial information financial

"The Letter to Shareholders ... includes reference to the non-GAAP financial information."

Non-gaap financial information are company-reported numbers that adjust standard accounting results to remove items management considers one-time, unusual, or not representative of ongoing business — for example, adjusted earnings or cash flow measures. Investors use them like a cleaned-up snapshot (wiping dirt off a window) to see underlying performance trends, but because companies choose what to exclude these figures can vary and should be compared with the official GAAP statements and disclosures.

Letter to Shareholders financial

"The Letter to Shareholders, which is attached hereto as Exhibit 99.1..."

furnished regulatory

"The information contained in this Item 2.02 and the accompanying Exhibit 99.1 are “furnished” and shall not be deemed “filed”..."

Section 18 of the Securities Exchange Act of 1934 regulatory

"...shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934..."

annual meeting of stockholders financial

"his decision to not stand for re-election as a director at the Company’s 2026 annual meeting of stockholders..."

FAQ

What did Netflix (NFLX) announce about its latest quarterly financial results?

Netflix announced it has released financial results for the quarter ended March 31, 2026, and directed readers to a Letter to Shareholders. That exhibit includes the detailed results, non-GAAP financial information, and reconciliations to comparable GAAP measures presented in tabular form.

Where can investors find Netflix (NFLX) non-GAAP to GAAP reconciliations for Q1 2026?

The reconciliations of Netflix’s non-GAAP financial measures to their GAAP equivalents are provided in the Letter to Shareholders attached as Exhibit 99.1. The company notes these reconciliations appear in tabular form within that exhibit accompanying the quarterly results.

What change did Netflix (NFLX) disclose regarding Reed Hastings’ role on the board?

Netflix disclosed that Reed Hastings informed the company on April 10, 2026, he will not stand for re-election as a director at the 2026 annual meeting. He will continue serving as a director and Chairman of the Board until that meeting, when his current term expires.

Did Reed Hastings resign from Netflix’s board immediately in this 8-K filing?

No. The filing states Reed Hastings will continue as a director and Chairman of the Board until Netflix’s 2026 annual meeting of stockholders. His current term will expire at that meeting, and he has chosen not to stand for re-election at that time.

Did Netflix (NFLX) report any disagreement tied to Reed Hastings not standing for re-election?

Netflix explicitly states that Reed Hastings’ decision not to stand for re-election as a director at the 2026 annual meeting is not the result of any disagreement with the company. The disclosure frames the move as his decision rather than a conflict-driven departure.

Is Netflix’s Q1 2026 shareholder letter in this 8-K considered filed or furnished?

The company states that the information in Item 2.02 and Exhibit 99.1, including the Letter to Shareholders, is furnished, not filed, under the Exchange Act. As a result, it is not subject to Section 18 liabilities or automatically incorporated into other securities filings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/16/2026 - 04:01 PM Learn about SEC filing dates

NETFLIX INC0001065280false00010652802026-04-102026-04-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________________

FORM 8-K

__________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

April 10, 2026

__________________________________

NETFLIX, INC.

(Exact name of registrant as specified in its charter)

__________________________________

Delaware

001-35727

77-0467272

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

121 Albright Way, Los Gatos, California

95032

(Address of principal executive offices)

(Zip Code)

(408) 540-3700

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

__________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, par value $0.001 per share			NFLX			NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 Results of Operations and Financial Condition.

On April 16, 2026, Netflix, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2026. The Letter to Shareholders, which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, includes reference to the non-GAAP financial information. A reconciliation to the GAAP equivalent of non-GAAP measures is contained in tabular form in Exhibit 99.1. We are not able to reconcile forward-looking non-GAAP financial measures because we are unable to predict without unreasonable effort the exact amount or timing of the reconciling items, including property and equipment, and the impact of changes in currency exchange rates. The variability of these items could have a significant impact on our future GAAP financial results.

The information contained in this Item 2.02 and the accompanying Exhibit 99.1 are “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 10, 2026, Reed Hastings informed the Company of his decision to not stand for re-election as a director at the Company’s 2026 annual meeting of stockholders (the “Annual Meeting”). Mr. Hastings’ current term will expire at the Annual Meeting. He will continue to serve as a director and Chairman of the Board until the Annual Meeting. Mr. Hastings’ decision to not stand for re-election is not as a result of any disagreement with the Company.

Item 9.01 Financial Statements and Exhibits.

(d)   Exhibits

 

Exhibit Number			Description of Exhibit
99.1			Letter to Shareholders dated April 16, 2026
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

						NETFLIX, INC.
Date:			April 16, 2026
						/s/ Spencer Neumann
						Spencer Neumann
						Chief Financial Officer

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 454.7 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.4 KB