NFLX - Netflix Inc. (NFLX) Q1 2024 Earnings Call Transcript
2024-04-18 19:39:09 ET
Netflix, Inc. (NFLX)
Q1 2024 Earnings Conference Call
April 18, 2024, 04:45 PM ET
Company Participants
Spencer Wang - VP, Finance, IR and Corporate Development
Ted Sarandos - Co-CEO
Greg Peters - Co-CEO
Spencer Neumann - CFO
Conference Call Participants
Presentation
Spencer Wang
Good afternoon, and welcome to the Netflix Q1 2024 Earnings Interview. I'm Spencer Wang, VP of Finance, IR and Corporate Development. Joining me today are Co-CEOs, Ted Sarandos and Greg Peters; and CFO, Spence Neumann. As a reminder, we will be making forward-looking statements and actual results may vary.
Question-and-Answer Session
A - Spencer Wang
With that, we will now take questions that have been submitted by the analyst community. And we'll begin first with some questions about paid membership reporting in our results and forecast.
So for our first question, it comes from Justin Patterson of KeyBanc. And I'll direct this at Greg initially. Greg, could you please talk about the decision to stop reporting quarterly membership and ARM data in 2025? Why eliminate this? And since you said success stems - starts with engagement, how are you thinking of expanding these disclosures?
Greg Peters
Yes. As we noted in the letter, we've evolved and we're going to continue to evolve developing our revenue model and adding things like advertising and our extra member feature, things that aren't directly connected to a number of members. We've also evolved our pricing and plans with multiple tiers, different price points across different countries. I think those price points are going to become increasingly different.
So each incremental member has a different business impact. And all of that means that historical simple math that we all did, number of members times the monthly price is increasingly less accurate in capturing the state of the business....
Netflix, Inc. (NFLX) Q1 2024 Earnings Call Transcript