Netflix
Q2 2022 Earnings Call
Jul 19, 2022, 6:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Spencer Wang
Good afternoon, and welcome to the Netflix Q2 2022 earnings interview. I'm Spencer Wang, VP of IR and corporate development. Joining me today are Co-CEO Reed Hastings; Co-CEO and Chief Content Officer Ted Sarandos; COO and Chief Product Officer Greg Peters; and CFO Spence Neumann. Our interviewer this quarter is Doug Anmuth from J.P.
Morgan. As a reminder, we'll be making forward-looking statements, and actual results may vary. With that, I'll turn it over to Doug now for his first question.
Doug Anmuth -- J.P. Morgan -- Interviewer
Great. Thanks, Spencer. Great to see all of you, and thanks for having me host again today. So, there's clearly a lot to talk about on advertising and new initiatives, but let's start with talking about recent trends.
So you expected to lose about 2 million subscribers in the quarter, and you did a little bit better at a loss of 970,000. What drove the slightly better-than-expected results in the quarter?
Reed Hastings -- Co-Chief Executive Officer
Looking at the quarter, Doug, we're executing really well on the content side. Obviously, "Ozark," "Stranger Things," lots of titles, lots of viewing. We're improving the -- everything we do around marketing, improving the service, the merchandising, and all of that solely pays off. If there was a single thing, we might say "Stranger Things." But again, we're talking about losing 1 million instead of losing 2 million.
So our excitement is tempered by the less bad results. But looking forward, streaming is working everywhere. Everyone is pouring in. It's definitely the end of linear TV over the next five, 10 years.
So very bullish on streaming. And then our core drivers are just continuing to improve. And then, of course, we'll talk later in the call about monetization and how that's improving. So tough, in some ways, losing 1 million and calling it success.
But really, we're set up very well for the next year.
Spence Neumann -- Chief Financial Officer
And Doug, I'd just add to that. I mean the business stays -- remains really resilient. And basically, what you see in the quarter is it played out generally as expected, as Reed said. So the minus 1 million versus minus 2 million is slightly better in terms of member growth, and then on revenue, operating income, cash flow.