Narcos Season 3 was bad... This was even more painful. Netflix suffered its worst earnings miss ever after US Netflix subscribers actually decreased by 126K in the past year. Netflix simply didn't pump out enough headline original content over the last three months to entice new sign-ups. Plus, the monthly price rose by 2 bucks over the quarter. And now it's about to lose Friends and The Office, its 2 most popular shows.
Can't blame gluten... Blame delivery. Domino's plummeted 9% on word that sales only rose 3% last quarter. The CEO blamed the slowdown on competition from "3rd party delivery aggregators," aka DoorDash, Uber Eats, Postmates, and Grubhub. He mentioned them 19 times in the earnings call as the apps open up your delivery palette to non-pizza options.
To quote LL Cool J... Don't call it a comeback. iHeartMedia had $20B of debt and its last playlist ended in bankruptcy. Now it's been given a 2nd chance by a judge, and its shares just started trading again on the Nasdaq exchange. Its new mission is obsessed with "companionship," aka the daily devotion listeners have to talk radio and podcasts. In addition to concert hosting and sticking ads into the audio you hear, iHeartMedia wants to dethrone NPR as America's top podcast publisher (it's currently #2).