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Netflix, Inc.
Q32019
10/16/2019
Spencer Wong
VP of IR and Corporate Development
Good afternoon and welcome to the Netflix Q3 2019 earnings interview. I'm Spencer Wong, VP of IR and Corporate Development. Joining me today are CEO Reed Hastings, CFO Spence Newman, Chief Content Officer Ted Sarandos, and Chief Product Officer Greg Peters. Our interviewer this quarter is Mike Morris from Guggenheim. As a reminder, we'll be making forward-looking statements and actual results may vary. With that, let me turn it over to Mike for his first question.
Mike Morris
Interviewer
Thank you, Spencer. Good afternoon. Let's start by talking about both member trends and the outlook that you just provided for members in the fourth quarter. Starting with the third quarter, can you speak a bit about some of the key drivers that your results came in relatively in line with your guidance? Talk about the gross ad dynamic and the churn dynamic there relative to what you were expecting coming into the quarter, please.
Reed Hastings
CEO
Relatively in line. It was the most accurate member forecast we've had in years. Spencer, over to you.
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