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Netflix Says It’s Back to Boom Times. Wall Street Isn’t Convinced.

Netflix says 2012 is going to be great. Wall Street remembers 2011.

Peter Kafka in Media
April 24, 2012 at 4:01 am PT

Reed Hastings

Co-Founder and CEO
Netflix, Inc.

Hastings co-founded Netflix as a DVD rental-by-mail company in 1997. In 2002, Netflix went public, and in 2003, Netflix reached 1 million subscribers. Thanks to streaming content over the Internet, Netflix now has over 20 million subscribers. Earlier in his career, in 1991, he founded Pure Software, which made tools for Unix software developers. He built Pure into one of the world's 50 largest public software companies before selling it to Rational Software in 1997. Reed received a BA from Bowdoin College and an MSCS in AI degree from Stanford University. Between Bowdoin and Stanford, Reed served in the Peace Corps as a high school math teacher in Swaziland. That may have been an easier task than his current one: dealing with media and cable companies who fear disruptive change.

Posts With Reed Hastings

Netflix Posts an In-Line Quarter, but Investors Balk (Updated)

in News on April 23 at 2:06 pm PT

The company delivers the Q1 numbers it predicted, and says it could become profitable again ahead of plan. But investors aren’t happy, anyway.
reed hastings

The One Number Netflix Investors Care About Today

in Media on April 23 at 3:30 am PT

Sure, revenue and EPS matter. But when Q1 numbers go out Monday afternoon, the Street will look at something else first.
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Reed Hastings’s Expensive Year

in Media on April 20 at 11:43 am PT

The good news: He got a raise in 2011. The bad news: He lost a couple hundred million dollars.
reed hastings netflix

Reed Hastings Goes After Comcast, Again, on Facebook. Again.

in Media on April 15 at 5:03 pm PT

What better place to accuse the cable guys of violating Net neutrality?
reed hastings netflix

Netflix Says Its PAC Is Not About SOPA

in Media on April 9 at 3:12 pm PT

Yes, Reed Hastings wants to influence government. Just like lots of big media and tech companies.
reed hastings

Reed Hastings Is Just Like You — He Complains About the Cable Guys on Facebook

in Media on March 30 at 5:13 pm PT

The Netflix CEO — and Facebook board member — uses the social network to gripe about Comcast.
reed hastings netflix

20/20 Hindsight

When I first heard about Facebook, in 2005, I thought it was really stupid. And the same with eBay 20 years earlier.

– Reed Hastings, in a talk with Wired staff at its London offices

Apple’s TV Remote of the Future? It’s Already Here, In Your Hands.

in Media on March 22 at 10:12 am PT

Apple’s plans for a super-duper TV remote involve the iPhone or iPad you’re already using.
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Please Don’t Tell Me What You’re Watching on Netflix

in Media on March 13 at 4:00 am PT

Netflix wants to change U.S. law so subscribers can tell their Facebook friends what they’re watching. The problem: 70 percent of Netflix subscribers don’t want to do that.
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Here’s What a Netflix-Cable Deal Could Look Like: The One That Netflix Just Announced With Apple

in Media on March 7 at 12:43 pm PT

Apple will let users sign up for Netflix directly from Apple TV, and let them pay their bill using iTunes. So no reason Comcast, Time Warner Cable, etc., can’t do the same.
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Comcast’s Netflix Killer Isn’t One Yet. But It Could Be.

in Media, February 22, 2012 at 7:39 am PT

Netflix (Still) Really Doesn’t Want Your DVD Money

in Media, February 17, 2012 at 7:35 am PT

Netflix Bounces Back With a Q4 Beat, but Says Amazon Is Coming

in Media, January 25, 2012 at 1:24 pm PT

Netflix Reminds Us That It’s a Streaming Video Company, Again

in Media, January 4, 2012 at 7:30 am PT

Resolutions for 2012 (Comic)

in Voices, December 30, 2011 at 2:30 pm PT

Netflix Really, Really Doesn’t Want Your DVD Money

in News, December 22, 2011 at 12:25 pm PT

Why Netflix Customers Who Haven’t Bailed Probably Won’t

in Media, December 22, 2011 at 3:00 am PT

HBO + iPad = More HBO-Watching, “Steady” HBO Subscribers

in Media, December 6, 2011 at 11:12 am PT

Jeff Bewkes Renames Netflix: It’s Not the Albanian Army, It’s a Flying Hamburger

in News, December 5, 2011 at 3:30 am PT

Why the Netflix Buyback Strategy Worked Like Magic — Until It Totally Failed

in Media, November 22, 2011 at 5:03 am PT

Has Netflix Put Its Checkbook Away?

in Media, November 17, 2011 at 5:23 am PT

Why Amazon Is Happy to Burn Money on the Kindle Fire

in Media, October 26, 2011 at 3:00 am PT

Reed Hastings Lays Out the Netflix Comeback Plan

in Media, October 25, 2011 at 3:00 am PT

Viral Video: SNL Honors Steve Jobs (Sort Of)

in Media, October 25, 2011 at 12:31 am PT

The Go-Go Growth Days Screech to a Halt at Netflix

in Media, October 24, 2011 at 1:14 pm PT