Netflix, Inc.

Hello, and welcome to the Netflix Q1 2023 earnings interview. I'm Spencer Wong, VP of Finance, IR, and Corporate Development. Joining me today are co-CEOs Ted Sarandos and Greg Peters and CFO Spence Newman. Our interviewer this quarter is Jessica Reif-Ehrlich. And as a reminder, we will be making forward-looking statements and actual results may vary. With that, Jessica, I'm going to turn it over to you for your first question.

Thank you. So let's start with Ted and Greg. You've worked together for over 15 years, but this is your first quarter as co-CEOs. Are there any highlights you want to share?

Well, Jessica, as you pointed out, it's been our first quarter together as co-CEOs, but 15 years working together. And in those 15 years, you build a lot of respect and trust in each other to help you get through some trying times. Not to let you down about there's no drama, but this was pretty much a business as usual quarter for us, having done this together for so long. And Greg and I enjoy this same kind of trust, respect, and shorthand that I enjoyed with Reed for so many years. I know Greg did as well. So it's not as eventful as folks might have thought. And it's really been incredibly and wonderfully professionally stimulating to have a co-CEO. to get to tackle big problems together. So I think one of the things that we'll look back at Reed's incredible 25 years at Netflix, one of the great accomplishments is facilitating this very, very smooth transition and succession.