💥 Netflix smashed through its own projections

Netflix outdid itself | Foxconn’s planning to conquer EVs | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for October 19th in 3:13 minutes. 📚 Ratios might’ve been the bane of your life in high school, but they could sure come through for you nowadays. Join Finimize’s own Reda Farran at 1pm today for [The Three Most Important Metrics In Investing](, and find out how some simple math could teach your portfolio a thing or two. [Get your free ticket here]( Today's big stories - Netflix announced results that far surpassed expectations - Discover the one ETF making bank in this bear market – [Read Now]( - Manufacturing giant Foxconn announced plans to make a dent in the EV market We’re Watching Now, Netflix [We’re Watching Now, Netflix] What’s Going On Here? Netflix [reported]( much better-than-expected results late on Tuesday. What Does This Mean? Netflix has announced a falling subscriber count for two straight quarters this year, so the odds were stacked against it coming into this earnings season. But it managed to prove everyone wrong: the streaming giant said projects including “The Gray Man” and “Purple Hearts” were real needle-movers last quarter. That helped it add over 2.4 million subscribers last quarter, smashing through its own projection of one million, and in turn pushing its revenue and profit to both tidily beat analysts’ expectations. And since Netflix predicted even more growth this quarter, the news was good enough to convince investors to brush off the company’s worse-than-expected profit outlook: they sent its shares up 14% after the news. Why Should I Care? The bigger picture: Start-stop entertainment. Netflix will want to keep that subscriber growth going, which might be why it’s decided that downgrading the user experience may be just the way to go. The streaming giant’s bringing forward the launch of its ad-supported service to next month, in hopes that its lower-cost $6.99 version – which slots about five minutes of commercials into every hour of content – will appeal to bargain-hunting entertainment-seekers who can’t get the same low price from rivals Disney+ or HBO Max. All that cash from advertisers would be a nice bonus too: some analysts [predict]( that could make Netflix around $3 billion in extra revenue by 2025. Zooming out: Netflix won’t share. Determined to put an end to the bonding experience of sharing your Netflix password with a special someone, the streaming giant [revealed]( the new “Profile Transfer” feature this week. Netflix would have you believe it’s designed to make big moves and break ups easier by switching your history and recommendations to a new account, but it’s probably a simple bid to clamp down on the more than 100 million households that access the service using shared accounts. You might also like: [Have Netflix’s recent results made it a buy?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=We’re Watching Now, Netflix&utm_campaign=daily-global-19-10-2022&utm_source=email) Analyst Take Why This ETF Is Having A Stellar Year [Why This ETF Is Having A Stellar Year]( By Russell Burns, Analyst With [literally thousands]( to choose from, deciding which exchange-traded fund (ETF) to invest in can be a bit like choosing just one cake from the whole bakery: overwhelming. But this one stands out: the [iMGP DBi Managed Futures Strategy ETF]( has gained an [eye-watering 33%]( this year, even with stocks and bonds both struggling. It’s been mimicking the returns of the major [momentum-following hedge funds]( – but without the big fees they charge. That’s today’s Insight: [how this high-performing ETF could improve the look of your portfolio](. [Read or listen to the Insight here]( SPONSORED BY MOOMOO Writers write, painters paint, and traders use moomoo Investing during a market downturn calls for tools of the trade. You can easily compare stocks against each other with [moomoo]( and use its stock screener to [scan over 100 real-time data indicators]( for each one. Put simply, you’ll unlock a [professional trading experience]( straight from your mobile. You’ll even get the perks of [extended trading hours, easier market access, and super-fast trading](. To top it off, you can take inspiration from the big dogs by reviewing the holdings and top buys of asset management firms like Berkshire Hathaway and Soros Capital. And here’s something to really make you excited: you’ll get [up to 15]([free stocks – each worth up to $2,000]( – if you open and fund an account. 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Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal. Foxconn Thinks It Foxcan [Foxconn Thinks It Foxcan] What’s Going On Here? iPhone maker Foxconn announced a lofty goal on Tuesday to [manufacture]( nearly half of the world’s electric vehicles (EVs). What Does This Mean? As the world’s biggest contract electronics manufacturer, ​​with nearly 50% of the world’s information and communication tech market under its sway, there’s little reason to doubt Foxconn’s ability to muscle into new industries. That’s doubly true given that the company – which plans to manufacture the EVs for other firms – is making all the right moves so far: it’s built prototypes from scratch to show what it can do, and has already formed cozy partnerships with established carmakers and EV startups alike. With shrewd strategies like that, it’s no wonder Foxconn’s showing such moxie: the company’s aiming to have 5% of the global EV market – worth about $31 billion – as soon as 2025, and hopes to manufacture nearly half of all the world’s EVs in the long run. Why Should I Care? The bigger picture: There is a world elsewhere. This move won’t just introduce Foxconn to a new industry, it’ll bring the firm to crucial new regions too. The lion’s share of Foxconn’s tech manufacturing has been based in China to date, but with geopolitical tensions between Taiwan and the People’s Republic on a steady boil, it makes sense that the firm’s casting around for some new friends right now. And with new staff in the EV division based exclusively outside of China, this latest move sure shows that Foxconn's shifting gears. Zooming out: Everyone’s panning for gold. It’s not a bad time to be breaking into the EV industry: it’s a market where winners can win big right now. Just take a look at BYD, the Chinese EV company, which [announced]( this week that its quarterly profit could jump 365% to a new record high. With growth like that on the table, it’s no wonder that the industry’s caught Foxconn’s eye. You might also like: [What investors are getting wrong about the EV market right now.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Foxconn Thinks It Foxcan&utm_campaign=daily-global-19-10-2022&utm_source=email) 💬 Quote of the day “Walking is also an ambulation of mind.” – Gretel Ehrlich (an American writer) [Tweet this]( Your brand could represent the new investing era The second [Finimize Modern Investor Summit]( will celebrate the new era of investing. 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[Find Out More]( 🌍 Finimize Live 🥳 Coming Up In The Next Week… All events in UK time. 💪 [Three Metrics You Should Know Before Investing](: 1pm, October 19th 🎧 [How To Invest In Music NFTs](: 6pm, October 24th 🗂 [How to Prepare Your Portfolio For Recession:]( 5pm, October 25th ⬆️ [How to Navigate Rising Interest Rates](: 1pm, October 26th 🔥 [How To Secure Your Financial Future Before 40](: 5pm, October 26th 👀 And After That… 🏆 [How To Spot Investment Opportunities In Gold](: 12pm, October 27th 🥗 [How Will The Global Food Crisis Impact Your Portfolio:]( 1pm, October 28th 🇨🇳 [What You Need To Know About Investing In China:]( 5pm, October 31st 🤑 [Asset Allocation For Young Investors](: 5pm, November 2nd 🙋‍♀️ [Ladies Investing Club Meetup](: 6.30pm, November 2nd (in person) 💰 [Strategies For Market Volatility:]( 1pm, November 8th 🔧 [Tools Value Investors Use For Turbulent Times:]( 6pm, November 10th 🚀 [Modern Investor Summit](: 12pm, December 6th-7th 🎯 On Our Radar - Relax, worrywarts. 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