Netflix, Inc.

Good afternoon and welcome to the Netflix Q4 2018 earnings interview. I'm Spencer Wong, VP of IR and Corporate Development. Joining me today are CEO Reed Hastings, our new CFO Spence Newman, Chief Content Officer Ted Sarandos, and our Chief Product Officer Greg Peters. Our interviewer this quarter is Eric Sheridan from UBS. As a reminder, we will be making forward-looking statements and actual results may vary. With that, let me turn it over to you, Eric, for the first question.

Thanks so much, Spencer. And since, Spence, you are new to the Netflix earnings call, I'm going to turn the first question over to you. First, congratulations on the role as the new CFO of Netflix. Maybe give us your perception of why the role intrigued you in terms of moving to Netflix, what your first perceptions are, and some of the things you plan on making a focus for your tenure as the CFO at Netflix.

Sure. Thanks, Eric. Well, first, I'm super excited to be here. Part of what attracted me is just what Netflix is trying to build. I've always been attracted to the high end of product quality and ambition, and Netflix has all of that in what we're creating. First impressions, this is day nine, so I haven't been here for long. I'm trying to really immerse myself in the business, do a lot of listening and learning, really plan to do that for probably the the first 60 days or so for sure. And I've already been struck by, you know, first just the level of integration and collaboration across this company, all aspects of the company combined with speed of decision-making and moving forward has been really unique to see. So also I've been really impressed with just the team, the quality of the team, not just my direct team, team, but across the board again, and their passion and commitment to continue to innovate and improve, improving the content offering, elevating the level and quality of service we deliver to our members, and not just our existing members, but our new members, and really driving that positive flywheel for our members and ultimately for our business. So It's really been great. I've got a lot to learn. I want to thank everyone, all of the folks around the company for being patient and helping me with my onboarding. And really one just quick special shout out to David Wells. He's been unbelievably gracious with his time, with his insights. And I'm sure he'll always believe Netflix, but I hope for a long time to come, he'll be a friend, a colleague and a resource for me.