Netflix up after first-quarter results beat

Shares of streaming giant Netflix NFLX.O rise 2% to $992.70 after the bell

NFLX beat Wall Street expectations for first-quarter results and offers a bullish second-quarter revenue outlook

Co-founder Reed Hastings has stepped down as executive chairman, to become board's non-executive chair

NFLX posts Q1 revenue of $10.54 billion, beating estimates of $10.52 billion, according to data compiled by LSEG

Reports per-share earnings of $6.61, also beating an estimate of $5.71

Sees Q2 revenue of $11.04 billion, above an estimate of $10.90 billion

Up to Thursday's close, NFLX up 9.2% YTD