- Founder Reed Hastings is stepping down as co-CEO and will be executive chairman.The company also disclosed that co-CEO Reed Hastings would be stepping down from his position and transitioning to the post of executive chairman.So, those who subscribe to its premium and more expensive offerings are rarely bumping down to the cheaper ad-supported model.Going forward, Netflix will no longer give subscriber guidance, although it will still report those numbers in future earnings reports."We believe we have a clear path to reaccelerate our revenue growth: continuing to improve all aspects of Netflix, launching paid sharing and building our ads offering."