Earnings conference call replaced by talk with CNBC reporter

Netflix has decided to eschew its common earnings conference call for its second-quarter earnings for a conversation between its CEO, an analyst and CNBC reporter Julia Boorstin, reports George Szalai of The Hollywood Reporter.

Szalai writes, “‘In lieu of our regular earnings call, Netflix chief executive officer Reed Hastings and chief financial officer David Wells will host a live video discussion about the company’s financial results and business outlook,’ the online streaming giant said in an advisory. ‘The discussion will be moderated by Rich Greenfield, BTIG Research, and Julia Boorstin, CNBC, with questions submitted via email or Twitter.’

“Boorstin is CNBC’s media reporter. BTIG analyst Greenfield is known as one of the most outspoken Wall Street entertainment industry analysts.

“Netflix didn’t detail the exact format of the discussion but said that it would be open to investors. Traditionally, earnings conference calls feature only questions from analysts covering a company.

“‘Questions from investors should be submitted to rgreenfield@btig.com/@RichBTIG or Julia.boorstin@nbcuni.com/@JBoorstin,’ Netflix advised. ‘The moderators will incorporate as many questions as time permits into the discussion.'”

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