Netflix misses the mark

[The beef 675] [I'm an image] "A bad quarter is never fun, but hey, it could be worse, you could be Blockbuster. " - Jeff Hey there carnivores, Markets rose on Tuesday thanks to hopes of a stimulus deal. Today we’re talking about Netflix's disappointing Q3. Keep raging, Jeff & Jason [Image] [I'm an image] Underachieving Netflix Chief Content Officer turned co-CEO Ted Sarandos had a less than stellar first performance review. In its first earnings report under Ted’s tutelage, the company missed expectations on earnings and global paid net subscriber growth... so everything that matters. Teddy’s one bad CNBC interview away from getting shipped back to the warehouse to pack DVDs. In Q3, Netflix [reported]( an EPS of $1.74 vs $2.14 expected. Netflix’s net new subscribers underachieved as well, clocking in at 2.2M vs. 3.57M. “Must be all those people fleeing for Quibi.” - no one Branching out Most of that (piss-poor) subscriber growth came from one region: [APAC](. In fact, Asia-Pacific accounted for 42% of the 2.2M new subscribers, the largest share of any of Netflix’s global regions. The growth in APAC shouldn't be surprising considering the region was hit first by the pandemic meaning new region-specific content began shooting sooner. Who needs new content when you have 'Ozark'? Why does this matter? Because Netflix had set its sights on global expansion before the pandemic shut things down worldwide. APAC in particular was ID'ed by leadership as a key region. Maybe Ted knew what he was doing after all... On the earnings news, Netflix shares fell 6%. The bottom line... So, why the big miss? Well, to be fair, Netflix added almost [16M]( new subscribers in Q1 alone, so there was really nowhere to go but down. Plus, in July, Netflix had told investors that it expected 2.5M net subscriber additions in Q3. Analysts clearly thought Netflix was sandbagging them, bumping their prediction up to 3.57M. That or some analysts just like to watch the world burn. [I'm an image] Penny Stock Pro Jeff Williams Reveals... The Key Behind His EXPLOSIVE Account Growth* [Alternate text]( Join Jeff LIVE today at 2 PM ET To Discover How He Unlocked Those Gains [Book Your FREE Seat Here…]( [Alternate text] ☑️A pleasant surprise... Snap stock [gained 23.90%]( after hours yesterday, as the preferred social network for sending 3 second d*ck pics reported a better net loss than expected and a surprise adjusted profit. Its net loss dropped 12% from Q3 last year to $200M. Which, for the record, is still a f*cking loss. But, on the plus side, adjusted earnings came in at one cent. The tech company benefited from the StopHateForProfit boycott, where over 1k advertisers stopped posting ads on Facebook due to its hate speech policies. CEO Evan Spiegel stated that the third quarter was used to “work with brands who wanted to work with platforms who shared their corporate values”. Apparently there are more brands who are into sending 2 am ‘u up’ messages than I thought. ☑️Shale we dance? On the heels of ConocoPhillip’s acquisition of Concho Resources, Pioneer acquired Parsley Energy for roughly $4.5B. The all stock deal, [expected to close in Q1 2021](, will create the largest shale producer that focuses only on the Permian-Basin… which is a lot like being crowned the best POGs player in the tri-state area. Oil companies have struggled during the pandemic, as crude prices hover around $40 per barrel. This deal could help the new combined company realize more than $325M in annual cost savings. ☑️We’re sorry. [Here’s a clip]( of Goldman admitting its fault. Goldman Sachs [will pay $2.8B]( to the US Department of Justice and admit misconduct for its "role" in the Malaysian 1MDB scandal. And by role, we mean arranging a $6.5B bond deal to collect roughly $600M in fees, where nearly half of the funds raised were misappropriated. In total, the 1MDB scandal has cost Goldman around $5B, as it agreed in July to pay Malaysia $2.5B already. Important note on the admittance of guilt... a Goldman subsidiary will take the fall, while the parent company will not receive a US criminal conviction. ☑️This year’s hottest trend. And I ain’t talkin’ ‘rona. Bloomberg [is considering selling]( a minority stake to Bill Ackman’s $5B SPAC. The stake would be worth roughly $60B, and would bring that portion of Bloomberg to the public market through the blank check company Pershing Square Tontine Holdings, which gained 7.8% in after hours on the news. *Results presented are not typical and may vary from person to person. Please see our Testimonials Disclaimer here: RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. 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