Netflix, Inc. Q4 2009 Earnings Call Transcript

Jan. 27, 2010 9:28 PM ETNetflix, Inc. (NFLX)
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Netflix, Inc. (NASDAQ:NFLX) Q4 2009 Earnings Call January 27, 2010 6:00 PM ET

Executives

Deborah Crawford – VP, IR

Reed Hastings – Co-Founder and CEO

Barry McCarthy – CFO

Analysts

Steve Frankel – Brigantine Advisors

Youssef Squali – Jefferies & Company

Ralph Scharkar – William Blair

Aaron Kessler – Kaufman Bros.

Daniel Ernst – Hudson Square

Michael Pachter – Wedbush Morgan Securities

Mario Cibelli – Marathon Partners

Ben Rose – Battle Road Research

Marianne Wolk – Susquehanna Financial Group

Brian Fitzgerald – UBS

Imran Khan – JPMorgan

Scott Devitt – Morgan Stanley

Nat Schindler – BoA/Merrill Lynch

Mark Mahaney – Citigroup

Sandeep Aggarwal – Collins Stewart

Doug Anmuth – Barclays

Michael Olson – Piper Jaffray

Jeetil Patel – Deutsche Bank

Jason Helfstein – Oppenheimer & Company

Mark Harding – Maxim Group

Tony Wible – Janney Montgomery Scott

Heath Terry – FBR Capital Market

Jim Friedland – Cowen and Company

Barton Crockett – Lazard Capital Markets

John Blackledge – Credit Suisse

George Askew – Stifel Nicolaus

Guy-Charles Valois – Galliant Capital

Operator

Welcome to the Netflix fourth quarter 2009 earnings conference call. As a reminder, today’s call is being recorded. At this time for opening remarks and introductions, I this time I will turn things over to Ms. Deborah Crawford, Vice President of Investor Relations. Please go ahead ma’am.

Deborah Crawford

Thank you and good afternoon. Welcome to Netflix’s fourth quarter 2009 earnings call. We released earnings for the fourth quarter at approximately 1:05 p.m. PT today. The earnings press release and the webcast of this conference call are available at the company’s Investor Relations Website at ir.netflix.com. In addition, as noted in the earnings press release, management’s commentary on the quarter’s results is also available at our Investor Relations website.

This conference call will consist solely of Q&A. As we have

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