MAM
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.
Brands
Doctor’s Choice launches Protein Muesli, signs Arshdeep Singh
New product offers 25g protein per 100g as brand targets clean nutrition
MUMBAI: Breakfast just got a bouncer and it’s aimed straight at the protein gap. Doctor’s Choice is stepping into the fast-growing nutrition arena with the launch of its Protein Muesli, alongside roping in Arshdeep Singh as its exclusive brand ambassador. The move signals a clear play for the high-protein, clean-label segment, where convenience is king and ingredients are under scrutiny. At the centre of the launch is a campaign film featuring Singh, built around a simple proposition: performance begins long before the pitch, it starts at the breakfast table.
Designed for digital-first audiences, the campaign leans into a snackable format tailored for Gen Z and fitness-focused consumers. It blends aspiration with everyday relatability, positioning the product not as a supplement, but as a routine.
The product itself is pitched as a functional upgrade to a familiar category. Doctor’s Choice Protein Muesli delivers 25g of protein per 100g, with no refined sugar or artificial flavours. It combines crunchy protein balls with a natural chocolate flavour, targeting consumers looking for quick, on-the-go nutrition without sacrificing taste.
Singh’s association goes beyond a typical celebrity plug. As one of India’s most consistent young cricketers, his image aligns neatly with the brand’s messaging around discipline, routine and performance qualities increasingly being mirrored in consumer food choices.
The broader strategy reflects a shift in the FMCG playbook. As consumers become more label-conscious and time-poor, brands are racing to position everyday foods as functional, not just filling. Doctor’s Choice is betting that protein-led, clean-label products can move from niche shelves to daily staples.
With this launch, the brand isn’t just selling muesli, it’s pitching a lifestyle upgrade, one spoonful at a time.
