Netflix delivered strong earnings — rising revenue, expanding margins, and growing scale — and the market barely blinked.

In this episode of Next TMT Talks, David Bloom and Daniel Frankel unpack why Wall Street continues to punish Netflix even as its fundamentals improve, how the Warner Bros and Paramount–Skydance deal pressure is weighing on the stock, and why CEO Ted Sarandos is now openly framing YouTube and TikTok as real TV competitors.

The conversation widens to Larry Ellison’s growing media footprint, including TikTok and CBS News, and the uncomfortable questions raised about surveillance, AI, and centralized data power. From Super Bowl and college football ratings to the collapse of broadcast TV production, immersive media pullbacks, and AI’s growing role in advertising, the episode captures an industry in flux — where performance no longer guarantees confidence.

This is a wide-ranging look at who actually holds power in media now, and why investors, regulators, and audiences may all be paying attention to different signals.

Topics Covered

• Netflix earnings vs Wall Street reaction

• Why strong fundamentals didn’t move the stock

• Netflix’s Warner Bros strategy and deal overhang

• Larry Ellison’s growing influence in media

• TikTok, data power, and surveillance concerns

• AI’s expanding role in media and advertising

• Who controls distribution, data, and attention

• YouTube and TikTok as “real TV” competitors

• Sports ratings, Super Bowl, and streaming scale

• The shifting balance of power in media and tech

Chapters

00:00 Introduction to Next TMT and Current Events

01:11 Larry Ellison and Surveillance Concerns

05:48 Netflix's Earnings and Market Reactions

09:02 The Competition: YouTube TV and Streaming Landscape

10:43 Super Bowl Matchups and Ratings Predictions

13:04 College Football Playoff Changes and Financial Implications

21:30 The Launch of the California Post and Media Landscape

26:36 The Financial Viability of Media Ventures

28:52 The Impact of Celebrity Projects on Media

32:23 The Decline of Traditional Television

35:01 The Future of Talk Shows and Political Discourse

37:50 The Role of AI in Advertising

40:28 The Evolution of Immersive Experiences in Entertainment