Rohan Goswami

I'll try my hardest, Ted.

Thanks so much.

Ed, happy to be here.

So, look, they did beat on both those fronts, and they guided to around their midpoint for the full year next year.

And they also had, you know, a decent subscriber number, 325 million.

That's a milestone for them.

But, look, there's an overhang on this stock.

And as you and I have talked about, Netflix is down, I think, 3%.

30% or 40% since rumors first started circling about their interest in Warner Brothers for a simple reason.

They are great builders.

They are unproven buyers.

They've never done a big deal like this before.

And their investors, who have counted on them for steady, reliable earnings growth, are kind of in a wait-and-see mode.

So the call is going on right now.

Ted Sarandos and his co-CEO are expected to sort of preview and give us a little bit more information on their thinking around this.

But it also comes as they've made a

they've doubled down on their warner brothers bid right you know they've this morning announced what we've all known was coming they've flipped all cash uh warner's board has approved it we got a lengthy 500 page proxy statement today which you know i spent my entire lunch hour reading um and and and look there's there's no doubt these guys right now are telling the world they're in it they're in it to win it and they could give a damn about the ellison's

In terms of the actual bid, that's it.

That's the only new thing.

It lets us have a cleaner, although not perfect, apples-to-apples comparison between Paramount and Netflix's bid.