Transcript: Netflix Earnings: What We Learned
One year after the Great Correction, the tea leaves become harder to read
This transcript of The Ankler podcast has been lightly edited for clarity.
Sean McNulty (00:03):
Welcome to The Ankler podcast. This is Sean McNulty from The Wakeup newsletter here at The Ankler on the evening of Tuesday, April 18th for another, I guess, midweek edition of the podcast. Here with me, of course, is Elaine Low. Your “Love is Blind Forever” tattoo has almost washed away there, Elaine. That's really good. I'm sure you were very upset on Sunday night when you couldn't be there with all your fellow fans.
Elaine Low (00:27):
Nick Lachey broke my heart Sunday night. What can I say?
Sean McNulty (00:29):
We're, of course, here on Netflix Q1 earnings report day, which kind of turned into Fox Dominion Settlement Day, which we should at least acknowledge.
Elaine Low (00:40):
A little bit of a long shadow there.
Sean McNulty (00:41):
Yeah, a little bit. Given what was in the Netflix call, I think that'll be probably the dominant story tomorrow, but just for the record, Fox will pay about half of what Dominion was asking at $787 million, payable in a suitcase full of small bills. The big losers are the hotel chains of Wilmington, Delaware, Elaine, I think. The winner is the Amtrak Acela back to New York and DC tonight. I think it's probably worth that.
Elaine Low (01:06):
Who had their odds on that?
Sean McNulty (01:08):
Exactly. Fox stock is basically unmoved after hours because you've got to love Wall Street.
Elaine Low (01:16):
The thing that moves a stock sometimes, it's still a mystery to me. Still a mystery.
Sean McNulty (01:21):
It is, and then sometimes like, "Yeah, that tracks." It's like the things they care about and don't care about. But back to Netflix, Elaine, are you still awake after this earnings report?