SPDR S&P 500 (SPY)

[imiloa]

GG, NFLX membership & revs were up due to crackdowns on account sharing.
that was already anticipated.

but earnings on the larger membership/revenues
were 44% lower than prior quarter earnings
despite the increase in users and revenues,
which, theoretically, should be concerning.

and lower than consensus expectation.
ie: an earnings miss.

consensus forecast for next qtr earnings
are double current qtr earnings
but that's analyst estimates
not predictable fact.

honestly doesn't matter to me.
i trade the intraday charts, not the fundamentals,
as it's clear that fundamentals haven't mattered
since at least 1995.