Netflix's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Netflix (NFLX)

Q1 2012 Earnings Call

April 23, 2012 6:00 pm ET

Executives

Ellie Mertz -

Reed Hastings - Founder, Chairman, Chief Executive Officer, President and Member of Stock Option Committee

David Wells - Chief Financial Officer and Chief Accounting Officer

Analysts

Jason S. Helfstein - Oppenheimer & Co. Inc., Research Division

Mark S. Mahaney - Citigroup Inc, Research Division

Richard Greenfield - BTIG, LLC, Research Division

Anthony J. DiClemente - Barclays Capital, Research Division

Heath P. Terry - Goldman Sachs Group Inc., Research Division

Douglas Anmuth - JP Morgan Chase & Co, Research Division

John R. Blackledge - Crédit Suisse AG, Research Division

Scott W. Devitt - Morgan Stanley, Research Division

Barton E. Crockett - Lazard Capital Markets LLC, Research Division

Presentation

Operator

Good day, everyone, and welcome to the Netflix First Quarter 2012 Earnings Q&A Session. Today's call is being recorded.

At this time for opening remarks and introductions, I would like to turn the call over to Ellie Mertz, Vice President of Finance and Investor Relations. Please go ahead.

Ellie Mertz

Thank you, and good afternoon. Welcome to the Netflix First Quarter 2012 Earnings Q&A Session. I'm joined here by Reed Hastings, CEO; and David Wells, CFO. We announced our financial results for the first quarter at approximately 1 p.m. Pacific Time today. The shareholder letter and the Q1 financial results and the webcast of this Q&A session are all available at the company's Investor Relations website at ir.netflix.com.

As is our standard practice, we will begin the call with questions we received via email. Please email your questions to ir@netflix.com. After email Q&A, we will also open up the phone lines in queue for additional questions not covered by the email Q&A or letter. The dial-in number is within our investor letter, but let me repeat it now. Please call (760) 666-3613 if you would like to get into the queue.

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