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Netflix Co-Chiefs Reed Hastings And Ted Sarandos On Movie Theaters, PVOD And How Hits Affect Subscriber Trends

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Dade Hayes Finance EditorNetflix Co-CEOs Reed Hastings and Ted Sarandos tackled a range of topical issues as they offered context for their less-than-expected gain in subscribers during the third quarter.During their quarterly earnings interview posted to YouTube, Hastings was asked by moderator and Barclays analyst Kannan Venkateshwar about how the lack of a Stranger Things-type blockbuster affected the subscriber showing.

The increase of 2.2 million subscribers was below company and Wall Street forecasts, and reflected a “pull-forward” in the first half of the year due to COVID-19.“It’s just a little bit of math, Kannan,” Hastings replied, showing his assertive engineering nature.

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