1/20/2022

speaker
Spencer Wong
VP of IR and Corporate Development

Hello and welcome to the Netflix Q4 2021 earnings interview. I'm Spencer Wong, VP of IR and Corporate Development. Joining me today are Co-CEO Reed Hastings, Co-CEO and Chief Content Officer Ted Sarandos, COO and Chief Product Officer Greg Peters, and CFO Spence Nguyen. Our interviewer this quarter is Nidhi Gupta from Fidelity. As a reminder, we'll be making forward-looking statements and actual results may vary. Nidhi, over to you now to kick off the Q&A.

speaker
Nidhi Gupta
Interviewer from Fidelity

Thank you, Spencer. Good to be with you all again. Great to see all the new content over the quarter. I've been a little less productive, so I think I can blame you all for that. As usual, I'd like to start with net ads during the quarter, which came in a little bit lighter than you expected. Just help us understand the underperformance there.

speaker
Reed Hastings
Co-CEO

Nitti, 8.3 versus 8.5? I mean, you know, that's incredible.

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