Top News:
Lucas Shaw / Bloomberg:
Netflix reports Q1 revenue up 16% YoY to $12.3B, vs. $12.2B est., net income of $5.28B, and forecasts Q2 EPS below estimates; NFLX drops 8%+ after hours — Netflix Inc. gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading.
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Isabella Simonetti / Wall Street Journal:
Netflix chairman and co-founder Reed Hastings will step down from the company's board after his term expires in June to focus on philanthropy and other pursuits — Co-founder won't stand for re-election to the board, Netflix says in first earnings report since pulling out of Warner Discovery bid
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Bill Bradley / Adweek:
Netflix says its 2026 ad revenue remains on track to reach $3B, doubling from 2025, and it now works with over 4,000 advertising clients, up 70% YoY — Netflix reveals ad sales projections and new products on the way in 2026 … The numbers — $2.8 billion — Netflix's payment received …
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AdExchanger, AdNews News, Front Office Sports, InvestingHaven, Benzinga, Business Insider and Reuters
Jennifer Maas / Variety:
Filing: Netflix co-CEO Ted Sarandos received $53.9M in 2025 compensation, down from $62M in 2024; co-CEO Greg Peters received $53.2M, down from $60M in 2024 — Netflix co-CEOs Ted Sarandos and Greg Peters saw their compensation come in just above $53 million in 2025, which actually marked …
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Engadget, The Wrap, AdNews News, Yahoo Finance, Motley Fool, Deadline, The Hollywood Reporter and Benzinga
Rebecca Keegan / NBC News:
Paramount CEO David Ellison makes an unexpected appearance at CinemaCon, promising a 45-day theatrical window for all Paramount movies going forward — The Paramount Skydance chief spoke at CinemaCon in Las Vegas on Thursday, after opting out of a congressional hearing on the merger earlier this week.
David Folkenflik / NPR:
NPR receives two of its largest ever gifts: $80M for innovation in use of digital tech and $33M to build and buy tools to be shared with US public media orgs — NPR has received two of the largest gifts in the public media network's existence, totalling $113 million.
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New York Times, Fox News, Maria Thomas on LinkedIn, @peppypanda.com, Steven Waldman on LinkedIn, @mrsdeborahlynn.bsky.social, @sfdb.bsky.social, The Wrap, Washington Examiner, Bloomberg, The National Pulse, @rationaldoge@hachyderm.io, @bgrueskin.bsky.social, Washington Post, MPR News, CBS News, Current, The Hill, The Verge and Barrett Media
Katie Robertson / New York Times:
Notus will rename itself The Star and relaunch in early June as it adds local news and sports coverage; source: Robert Allbritton will add ~$30M to its funding — The Washington publication is rebranding as it expands its local news and sports coverage in the wake of substantial layoffs at The Washington Post.
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The Wrap, @akbarsahmed, @phillewis.bsky.social and @abbydphillip
Ryan Glasspiegel / Front Office Sports:
Sources: the NFL and YouTube are in advanced talks for a five-game package; deal price and duration were not immediately known — The NFL and YouTube have entered a long-form contract review for a five-game package, Front Office Sports has learned. — While a deal has not been finalized …
Corbin Bolies / The Wrap:
Memo: Condé Nast is shuttering Self magazine, folding its content into other brands, and winding down Glamour's publishing arms in Mexico, Spain, and Germany — The company will also stop publishing Wired's Italian edition and several of Glamour's international editions
George Winslow / TV Tech:
IAB and PwC: digital ad revenue hit $294.6B in 2025, up 13.9% YoY; social media advertising hit $117.7B, up 32.6%, and digital video hit $78B, up 25.4% — The 13.9% pop was driven by social media, up 32.6% to $117.7 billion and digital video, up 25.4% to $74 billion last year
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IAB, MediaPost, IAB, Inside Radio, Radio & Television …, Search Engine Journal, Interactive Advertising Bureau and Barrett Media
Axios:
An updating list of confirmed WHCD parties, starting Wednesday; nine events are hosted by media startups that are less than 10 years old — - The WHCA has hired mentalist Oz Pearlman as the evening's entertainer, instead of a comedian. — The dinner's headliner last year …
Discussion:
Vanity Fair, Sara Fischer on LinkedIn, The Wrap and The Verge
Chris Welch / Bloomberg:
Roku says it is in 100M+ homes globally and its devices are used by “more than half of all US broadband households”; Roku had $4.15B in 2025 platform revenue — Roku Inc. said more than 100 million households are using its streaming platform, marking another milestone …
