As one of the largest and popular entertainment company in the United States, Netflix always launches the earnings call every period. Netflix earnings call is one of the most waited things for the investors, analysts, and public in general. It is the combination of the Netflix’s report of earnings and the conference call in order to discuss the results. Based on the research, the latest Netflix earning calls was on October 16, 2017. It was at 6.00 AM ET. It is the third quarter of Netflix earnings call in 2017. There are the executives of Netflix conference call such as David B. Wells as CFO of Netflix, Reed Hastings as the Founder and CEO, Spencer Wang as Vice President of Investor Relations and Corporate Development, Theodore A. Sarandos as the Chief Content Officer of Netflix Inc and Greg Peters as the Chief Product Officer. Doug Mitchelson from UBS Securities is interviewer or the analysts of the third quarter of Netflix earnings call in 2017.
In the third quarter of Netflix earnings call, there are question and answer session. For the first question, Doug Mitchelson as the interviewer from UBS Securities gives some questions to Reed Hastings as the Founder and CEO. The interviewer asks about some sort of inflection point with streaming video and the real sort of inflection point in the marketplace. From this question, it concludes that there is the real sort of inflection point in the marketplace but it is still steady growth. Reed Hastings is also said that there are a lot of the new competitors increase streaming around the world. However, during ten years, for overall we get the great success for streaming. Then for the next question to Ted Sarandos. The interviewer asks about what make surprised and what was worse than expected. Then Ted Sarandos answer that he was very surprised and relieved in continuing expansion of our original programming verticals. In other question is to Greg Peters as the Chief Product Officer. Doug Mitchelson as the interviewer from UBS asks about what any leanings from his time in Asia and what his strategy as the global product manager. Greg Peters as the Chief Product Officer answer that he gets some learning there. When he grows the service, producing and launching the new content, it gives him an experience to strive in giving the best service continuously. In the third quarter of Netflix earnings call, Doug Mitchelson as the interviewer from UBS give question to Spencer Wang as Vice President of Investor Relations and Corporate Development. Doug Mitchelson asks Spencer Wang about the strategy and how we should measure ROI on the field.
From the third quarter of Netflix earnings call, it concludes that Netflix adds 5.3 million subscribers. It beat analysts’ estimates of Street Account estimate which predict only 4.5 million subscribers. Then, earnings per share (EPS) are 37 cents per share. It is also beat analysts’ estimates of Thomson Reuter’s consensus estimate which predict only 32 cents per share. The last, in this Netflix earnings call get result that the Revenue is about $2.98 billion.