Q3 2022 Netflix Inc Earnings Call Transcript

Jan 23, 2024

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Oct 18, 2022 / 10:00PM GMT
Spencer Wang - Netflix, Inc. - VP of Finance, Corporate Development & IR

Good afternoon, and welcome to the Netflix Q3 2022 Earnings Interview. I'm Spencer Wang, VP of Finance, 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 Neumann. Our interviewer this quarter is Doug Anmuth from JPMorgan.

As a reminder, we will be making forward-looking statements, and actual results may vary. With that, let's jump into it. Doug, over to you for your first question.

Questions and Answers:

Douglas Till Anmuth - JPMorgan Chase & Co, Research Division - MD

Great. Thanks, Spencer. And great to see all of you, and thanks for having me join you again today.

So let's jump in with advertising. Obviously, a lot of discussion here heading into the launch. You announced details for the new Basic with Ads tier last week launching in the U.S. and 11 other markets. Can you help us understand how you arrived at the price

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