Q4 2020 Netflix Inc Earnings Call Transcript
Hello, and welcome to the Netflix Q4 2020 Earnings Interview. I'm Spencer Wang, VP of 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 Kannan Venkateshwar from Barclays.
As a reminder, we'll be making forward-looking statements, and actual results may vary.
With that, let me turn it over to Kannan for the first question.
Questions & Answers
Thank you, Spencer, and good afternoon, everyone. So maybe, Spence, we could start off with you, just given the guidance and the beat during the quarter relative to guidance. Sequentially, the first quarter tends to be higher in net additions than Q4. But your guidance is lower despite the fact that you beat Q4 by a relatively large amount. And it feels
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