Q3 2019 Netflix Inc Earnings Call Transcript
Good afternoon, and welcome to the Netflix Q3 2019 Earnings Interview. I'm Spencer Wang, VP of IR and Corporate Development. Joining me today are CEO, Reed Hastings; CFO, Spence Neumann; Chief Content Officer, Ted Sarandos; and Chief Product Officer, Greg Peters. Our interviewer this quarter is Mike Morris from Guggenheim. As a reminder, we'll be making forward-looking statements, and actual results may vary.
With that, let me turn it over to Mike for his first question.
Questions & Answers
Thank you, Spencer. Good afternoon. Let's start by talking about both member trends and the outlook that you just provided for members in the fourth quarter. Starting with the third quarter, can you speak a bit about some of the key drivers that -- your results came in relatively in line with your guidance. Talk about the gross add dynamic and the churn dynamic there relative to what you were expecting coming into
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