Hastings and Chief Financial Officer David Wells will discuss second-quarter results from the company’s website after markets close on July 22 with Richard Greenfield, an analyst at BTIG LLC, and Julia Boorstin, a reporter for CNBC, Los Gatos, California-based Netflix said Monday in a statement. They’ll choose from questions submitted in advance.

“What we’re doing is taking advantage of technology and putting it together with moderators we think will lead a lively Q&A,” Jonathan Friedland, a Netflix spokesman, said in an interview. “Our desire is to make this more informative, more interesting and more valuable.”

The change may invite scrutiny because it “raises the appearance that a sell-side analyst and a reporter will gain access to financial information ahead of others,” said Michael Pachter, an analyst with Wedbush Securities in Los Angeles who has a sell rating on Netflix shares.

“I’m not going to submit my questions in advance to a competitor or member of the press and let them screen them to determine whether they should be aired,” Pachter said in an interview. “I know this is Reed being progressive and trying to trail-blaze, but I think this is going to stifle the conversation instead of making it more dynamic.”

Buffett Model

Netflix is modeling the video chat based on the format for annual meetings at Berkshire Hathaway Inc., at which analysts and journalists pose questions to Chairman and Chief Executive Officer Warren Buffett, Friedland said.

“The moderators will incorporate as many questions as time permits,” the company said.

Greenfield, who recommends buying Netflix shares, has said the company is poised to grow significantly, thanks to its strategy of financing original programming. Boorstin has interviewed Hastings several times for CNBC.

The format will require Netflix executives to take follow-up questions on sensitive subjects and will let viewers see their expressions, Greenfield said Tuesday.

The Securities and Exchange Commission in April said Hastings and Netflix wouldn’t face sanctions for announcing monthly viewership results on his Facebook page even though the company didn’t report the information in a public filing.

Companies can use social media outlets such as Facebook Inc. and Twitter Inc. to announce key information so long as investors have been told where to look, the agency said.

Netflix rose 6.1 percent to $247.38 in New York Tuesday. The stock has more than doubled this year and is the top performer in the Standard & Poor’s 500 Index for 2013.