Yes. So there may be some timing impacts here. So it's been quite effective regardless. Greg, maybe you want to take the Lat Am price question, and then I'll take the next year and then pass it over to Spence. EPS of $0.30 beats a $0.24 consensus. 5:55 p.m. Netflix's shares are now down 3.9% in after-hours trading to $339.50. The remarks come after Netflix said over 45 million accounts watched at least 70% of horror movie Birdbox. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. 6:21 p.m. Key Wallstreet And Spencer, from the financial side, anything significant right now, that’s top of mind for you relative to where we were this time last quarter? However, in terms of subscriber growth, they still only account for a small percentage of it relative to organic growth. Okay. The big Korean movie called Time to Hunt; and then Greg Daniels’, from The Office, new show, Space Force with Steve Carell; the second season of After Life; the second season of Dead to Me; new season of 13 Reasons Why; a third season of Dark from Germany; the finale of Cable Girls from Spain; and Ghost in the Shell from Japan, a new anime series launching next week. And voluntary churn, like you pointed out in your book, I think, voluntary churn at Netflix is really low compared to other organizations. We have to be able to look our employees and our cast and crews in the eye and say that this is a safe place to work before we do that. Kick off each morning with coffee and the Daily Brief (BYO coffee). Pfizer To Apply For Emergency Use Of COVID-19 Vaccine By Late Nov. WHO Warns Against 'Herd Immunity' Strategy To Fight COVID-19, US Reports 41529 New COVID Cases, 315 Deaths In Last 24 Hours, Roche To Launch High-volume SARS-CoV-2 Antigen Test For Suspected COVID-19 Patients. That's great. Says he has "super high confidence" in new CFO Spencer Neumann. Joining me today are co-CEOs, Reed Hastings and Ted Sarandos; COO, Greg Peters; and CFO Spence Neumann. So Greg took on head of product about three or four years ago; Spence, CFO, about one year and a half ago; Spencer, IR, about eight years ago.

4:44 pm. With that, let me turn it over to Mike for his first question. I mean it really builds on what Greg said. Got it. And Greg, a couple of changes, I believe, took place in the quarter having to do with both free trials in particular markets, how you’re onboarding folks and maybe reducing the number of markets you have free trials available, and also your mobile plan, which I think expanded to a couple of new markets during the quarter as well. 21, 2020, Spencer Wang — Vice President of Finance And Investor Relation, Reed Hastings — Founder, Chief Executive Officer, Spencer Neumann — Chief Financial Officer, Michael C. Morris — Guggenheim Securities — Analyst. So I think you should think about the full complement of unscripted programming as we keep expanding into it. But overall, that long-term trend is really unchanged. © 2020, Nasdaq, Inc. All Rights Reserved. So how should we think about the cadence of price increases going forward given that productions are restarting now? 6:12 p.m. And for other people, that’s home improvement shows. I am curious, Reed, if you could share anything that you look at as sort of key indicators externally as you try to plan for the business going forward.

I mean were you surprised by the public reception of Tiger King? Reed mentioned Enola Holmes is one that we bought -- that would have gone theatrical. Question about Netflix's shareholder comments about the competitive landscape. And then secondly, Disney+ did launch in the market, and their partnership with Hotstar clearly gave them a great advantage in ramping the business. So I guess one component which can help us understand this a little bit better, maybe the engagement levels. No magic algorithm, but the core model we have is, and what we think really our responsibility and our job is, is to take the money that our members give us every month and invest that as judiciously, as smartly as we can and creating new amazing stories. But again, will Internet entertainment be more and more important over the next five years? Okay. Eric Jhonsa In the wake of the price hike, Netflix expects 1.6M U.S. streaming paid net adds in Q1, which is a little below a 1.86M consensus. But in reality, it’s a really hard work for a lot of folks, thousands of employees and a lot of challenges throughout our company that we’re doing our best to do that well for our members and for our community. So we’re growing the business, licensed, original, international, domestic, across the board in terms of content and content taste. So when I look at that, and I think that's the enormous promise of the scale and the recommendation engine, the value of the recommendation on Netflix, to make sure you have a great experience and come back looking for the next one. And we don’t take it for granted that we are providing this entertainment in people’s homes and they’re choosing us.

But remember, it's variations in the growth. I’m not an economist per se, but there is some sensitivity there. And it certainly has been performing the way that we’ve sort of seen and expected, which is that it is a significant increase and acceleration and being able to add new members, which is great. Just to reiterate, Mike, we’re really thrilled with our slate in this year. Any specific highlights of those two markets that you could share?

We'll continue tapping debt markets to raise capital. To access the live webcast, log on to http://ir.netflix.com, For comments and feedback contact: editorial@rttnews.com, Biotech Stocks Facing FDA Decision In October 2020, AstraZeneca Covid-19 Vaccine Trial In Brazil To Continue Despite Volunteer's Death. A question for either Greg or you, Ted, with respect to the top 10 list, which really kind of took hold this quarter.

Got it. Reed Hastings -- Co-Chief Executive Officer. 4:30 p.m. Not surprisingly, Netflix forecasts its U.S. price hike will boost its ASP going forward. A live webcast of the call will be available on the Netflix Web site at www.netflix.com or at www.prnewswire.com. I'm Spencer Wang, VP of IR and corporate development. And then our growth sort of seesaws around that number depending on the particular conditions going on in that quarter. But you are correct, it's significantly lower than it was when we first started streaming, I'd say, 10 years ago where we used to license an entire library of 800 films from somebody and nobody watched any of them.

Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc. © COPYRIGHT 2020, AlphaStreet, Inc. All rights reserved. The prompt for that change came after Netflix’s CEO, Reed Hastings, set off an SEC investigation by using his Facebook page to make an announcement about the company’s traffic. As productions ramp, that cash spend will increase again. Sure. Got it. We’ve experimented and we continue to experiment with all kinds of different release strategies. Among the things to watch besides the subscriber figures: The impact of the recent price hike on Q1 guidance, the company's 2019 spending budgets, free cash flow guidance and commentary about Asian progress and pricing.