Welcome to the Tech Meme Ride Home for Wednesday, October 19th, 2022. I'm Brian McCullough today.

Netflix actually beat on earnings and customer additions.

Why their pivot to ads might actually be in line with their long-term strategy.

Yesterday's iPad releases were even more complicated and stranger, frankly, than I told you.

Blue Sky is still plugging away on decentralized social

media and another monster interesting raise in the AI space. Here's what you missed today

in the world of Tech.

Tech earning season is back and surprise surprise Netflix, always first out the door.

Beat with Q3 revenue up 5.9% year over year to 7.93 billion dollars.

1.4 billion dollars in net income, though that was down from 1.45 billion year over year. But most importantly 2.4 million net

global subscribers added versus 1.09 million which was the estimate.

Netflix's stock opened up 10% 1.09 million, which was the estimate.

Netflix's stock opened up 10% this morning,

so bouncing back from that subscriber loss

in a stronger way than we perhaps expected,

quoting CMBC.

The majority of Netflix's net subscriber growth during the quarter came from the Asia Pacific region,

which accounted for 1.43 million subscribers.

The US Canada region had the smallest growth of

Netflix's regions contributing just 100,000 net subscribers. We're still not

growing as fast as we'd like. Spencer Newman, Netflix's chief financial officer said during the company's earnings call,

we are building momentum, we are pleased with our progress, but we know we still have a lot more work to do, end quote.

...