Jul 17, 2019 / 10:00PM GMT
Spencer Wang - Netflix, Inc. - VP of Finance & IR
Good afternoon, and welcome to the Netflix Q2 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 and Answers:
Michael C. Morris - Guggenheim Securities, LLC, Research Division - MD and Senior AnalystThank you, Spencer. Good afternoon. Let's jump right into the results and the member variance from guidance in particular. What changed during the quarter versus the outlook that you provided that made such a significant impact this quarter? And you did mention the content being perhaps a factor. I think that's really something we haven't focused on in the past in terms of driving the cyclicality, so maybe
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