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Reed Hastings to exit Netflix board as company posts steady growth
Shares dip 8 per cent as cofounder exits; revenue up 16 per cent to $12.25 billion.
MUMBAI- When the man who taught the world to binge decides to log off, the credits don’t just roll, they reset the script. Reed Hastings is set to step away from Netflix, marking the end of a defining chapter for a company that reshaped global entertainment even as its latest numbers suggest a business finding firmer footing.
Hastings, who co-founded Netflix nearly three decades ago and transformed it from a DVD-by-mail service into a streaming powerhouse, will not stand for re-election at the company’s annual meeting in June. While the company offered little detail on his next move beyond philanthropy and personal pursuits, the symbolic weight of his departure was immediate. Shares fell around 8 per cent following the announcement, underlining how closely Hastings remains tied to investor confidence and the company’s long-term vision.
The exit comes at a moment of recalibration. Netflix has been working to stabilise growth after a period of strategic turbulence, including the loss of a high-profile $72 billion deal involving Warner Bros. Discovery to Paramount Skydance, a setback that raised fresh questions about its ambitions in large-scale content consolidation. Yet, if the deal slipped, the fundamentals appear to be holding.
For the first quarter, Netflix reported revenue growth of 16 per cent to $12.25 billion, slightly ahead of expectations, while earnings per share nearly doubled to $1.23 from 66 cents a year ago. The company reaffirmed its full-year outlook, projecting double-digit revenue growth, expanding margins and strong free cash flow signals aimed squarely at calming post-announcement jitters.
In its shareholder communication, Netflix struck a careful balance between legacy and continuity. Its mission, it reiterated, remains unchanged: to serve a global audience with diverse storytelling across languages and cultures. The message was clear—while a founder may exit, the playbook stays in motion.
At the same time, the company is quietly redrawing that playbook. Netflix is leaning into newer formats such as video podcasts and live programming, including events like the World Baseball Classic in Japan, reflecting a broader industry shift where streaming, television and live experiences increasingly overlap. Advertising, once an afterthought in its subscription-first model, is now moving centre stage, with the company projecting ad revenues of $3 billion in 2026 roughly double current levels.
Still, some questions linger in the wings. Chief among them is how Netflix plans to deploy the $2.8 billion termination fee from the collapsed Warner Bros deal. With competition for premium content intensifying, capital allocation decisions in the coming quarters could prove as consequential as the leadership transition itself.
For now, Netflix finds itself in a familiar paradox: a company built on disruption navigating continuity. Hastings may be stepping off the stage, but the show by design goes on.
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Dinshaw’s launches 3x chocolate cone with ‘Dildaari’ campaign
Vinod Kambli fronts summer push built around richer final bite.
MUMBAI: The sweetest part of an ice cream may no longer be the first lick, it is now the last word. Dinshaw’s is rewriting the rules of cone indulgence with its new ‘Dildaari’ campaign, built around a simple twist: three times more solid chocolate at the tip.
At the centre of the launch is a familiar consumer truth, the final bite of a cone is often the most anticipated. Dinshaw’s is leaning into that moment, turning it into the hero by amplifying the chocolate layer at the bottom, effectively repositioning the end of the cone as the highlight of the experience.
The campaign is fronted by former Indian cricketer Vinod Kambli, whose personal journey lends an emotional undertone to the storytelling. Built around the line “Jinko life mein thoda kam mila, unke liye thoda zyada”, the narrative blends nostalgia with generosity, framing the product upgrade as more than just a feature, it is a gesture.
Timed for peak summer and the ongoing cricket season, the campaign taps into moments of heightened consumption and sentiment, where small indulgences carry outsized emotional value.
The new range features nine flavours Badam Roasted, Butterscotch, Caramel Dolce, Choco Chip, Chocolate Brownie, Chocolate Ganache, Cookies n Cream, Mississippi Dark and Mocha Black and White each designed to complement the enhanced chocolate finish.
Conceptualised by Womb, the campaign pivots away from functional messaging to a more human insight: that sometimes, the smallest additions can make the biggest difference.
As brands continue to hunt for differentiation in a crowded category, Dinshaw’s bet is clear, if you cannot change the whole cone, make the last bite unforgettable.
