Netflix, Inc. (NFLX) CEO Reed Hastings on Q4 2019 Results - Earnings Call Transcript

Jan. 22, 2020 12:09 AM ETNetflix, Inc. (NFLX)4 Comments
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Netflix, Inc. (NASDAQ:NFLX) Q4 2019 Earnings Conference Call January 21, 2020 6:00 PM ET

Company Participants

Spencer Wang - VP of Finance and Investor Relations

Reed Hastings - Founder and Chief Executive Officer

Spencer Neumann - Chief Financial Officer

Greg Peters - Chief Product Officer

Ted Sarandos - Chief Content Officer

Conference Call Participants

Mike Morris - Guggenheim

Operator

Spencer Wang

Good afternoon and welcome to the Netflix Q4, 2019 Earnings interview. I'm Spencer Wang, VP of IR and Corporate Development. Joining me today, our CEO, Reed Hastings; CFO, Spence Neumann; Chief Content Officer, Ted Sarandos; and Chief Product Officer, Greg Peters.

Our interviewer this quarter is Mike Morris, 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 now for his first question.

Question-and-Answer Session

Operator

[Operator Instructions]

MikeMorris

Great. Thank you, Spencer and good afternoon. Before we dive into some of the details we provided in this quarters letter. I'd love to have Reed provide some strategic thoughts as we head into the New Year, the new decade. Perhaps we can start with just what were the most important strategic accomplishments in your mind of 2019? And as you look forward what do you hope to accomplish this year?

ReedHastings

We've had the same strategy basically for 20 years which has pleased our members and they helped us grow. Ad we've done that in a variety of ways. Of course, initially just with DVD-by-mail then the combination. And if you look at what we've done in expanding film and making that a really strong aspect of Netflix. We've had a lot of continuous progress. But the same strategy we've always done how do we learn? How to please our members? Whether that's on the product side, marketing side or content side. And the next decade

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