NFLX is trading at $97.36 (-9.68%) in pre-market following the departure of co-founder Reed Hastings and cautious Q2 guidance.

  • Q1 revenue grew 16% to $12.25B with an EPS of $1.23, though results were significantly bolstered by a $2.8B Warner Bros. termination fee.
  • The selloff extends an 8% drop from the April 16 after-hours session and contrasts with a 0.20% gain in the S&P 500.