Netflix, Inc. (NASDAQ:NFLX) Q1 2019 Earnings Conference Call Transcript

Apr 16, 2019 • 06:00 pm ET


Netflix, Inc. (NASDAQ:NFLX) Q1 2019 Earnings Conference Call Transcript


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Ted Sarandos

I think would be for to give consumers as much choice as possible, but we can only control that what's on Netflix.

And we are the -- primarily we're releasing in theaters and on Netflix day and day, meaning that by the time they've been there on Netflix at the same time they're in the theaters, we have an opportunity -- we're taking the opportunity to promote the films and generate publicity for the films, release them in select theaters a few weeks early, but in general we want it to be in theaters and on Netflix at the same time, but we can only control Netflix. And I think what it is a lot less to do with the room in which people can get zoom in and all those other things as we have to focus on making great movies. And then anyone who's involved in the ecosystem of presenting movies and watching movies we'll take -- we have to take notice of those films. So that's what we're trying to do is just make undeniably great movies with undeniably great filmmakers.

Spencer Wang

Eric, we have time for one more question, please.

Eric Sheridan

Sure. So, Reed, I'd love to end with you with a little bit of a lighthearted question, but also one that I think allows you to frame a little bit about where you've come from and where you've gone. I noticed in the press of the last week, our competitor said that Netflix may or may not have a brand, it's what they implied. I figure you probably disagree with the statement that Netflix doesn't have a brand. So I would love to understand your vision of sort of where the Netflix brand has come over the last half decade as you've evolved the company and how do you think about repositioning and evolving the brand to stay at the front of the curve of where the industry's going over the next half decade?

Reed Hastings

We're a mix of great innovator that people love us for trying new things. That's both in terms of on-demand and it's creatively with a difference series that we're doing and being really great comfort food where you just want to curl up and enjoy and Netflix is going to be great. So, it's that combination of comfort and innovation that's so powerful for us. And when I think of the quarter just to wrap up, the one little time I was not watching Netflix on Sunday I was watching Tiger Woods and the PGA, and like probably half of the America, and when I think of those beautiful shots right down the middle of the fairway I think about the 6,000 employees at Netflix hitting that perfect clean shot and that's what the quarter wants. So congratulations to everyone on a fantastic Q1 and looking forward to getting the green jacket for the year for this team.