THB #189: Netflix Q2 2022 (Pt 2)

The Netflix Six (the guy @right is the host but 5 don’t rhyme unless it’s A. Prime)

The “call.” (I would post it, but Netflix doesn’t allow it.)

Pretty boring, all things considered. Doug Emmett from JP Morgan was not a pushover, but he didn’t dig too deep for details - knowing they wouldn’t be forthcoming - in a few areas. Like when he brought up the idea that Netflix would have to negotiate rights to ad adds to licensed programming, they brushed it off, and I wish he had countered with something specific, like Seinfeld. He didn’t. But he did pretty well. (His first gig is not interviewing execs.)

Greg Peters was the primary talker through most of the video. The highlight comment from him was that they anticipate that they may make more money on an ad-based subscriber than someone paying full fare now. We’ll see on that one.

Pretty much everyone batted away every negative. Churn was a result of the price increase last quarter, but that’s over now. They aren’t worried about a recessio…