Kimmel, who delivered a monologue during the annual event for advertisers, has blown up Netflix over its subscriber loss, recent layoffs and subscription model, Decider reported.

“You know, every year I say ‘F**k Netflix.’ And this year it came true,” Kimmel said per The Hollywood Reporter.

“Netflix has lost subscribers for the first time ever. Things are really tough over there. You have layoffs today. I heard they might not even be able to get Emily back from Paris.”

Kimmel’s Late Night Talk Show, Jimmy Kimmel Live!is broadcast on ABC, a Disney television network.

Netflix laid off 150 employees Tuesday, and the company told Deadline it was laying off employees as they’re seeing “slowing revenue growth.”

After tearing up Netflix for its latest round of layoffs, Kimmel addressed the streamer for its new shared accounts approach. After losing 200,000 subscribers in the first quarter of the year, Netflix began testing a crackdown on password sharing.

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“Their solution to this subscriber shortage is to crack down on password sharing. Remember when Netflix openly encouraged us to share passwords? We were like, “How do these people make money?” Turns out they don’t,” Kimmel quipped. “So now they’re coming for our advertising money – technically your money, but you know what I mean. And it sucks.”

Kimmel then couldn’t resist a bit of glee at Netflix’s costs, citing the company’s planned shift to advertising, which was first reported in May. Though Netflix once said “no ads” would ever air on their platform, they’re reportedly exploring a cheaper ad-supported tier.

“Although I have to admit it feels really good to see them deign to sell ads after years of being choked the life out of us by those smug bastards. Everyone loves Bridgeton. How much do you think they’re going to love it when it’s punctuated by a tech commercial every four minutes, you billion dollar dicks?” Kimmel joked. “We already have Netflix with commercials — it’s called Hulu. Salute to Hulu, the Stephen Baldwin of streaming platforms.”

This article originally appeared on Decider and is reproduced here with permission

Originally released as “Smug Bastards”: Jimmy Kimmel blows up Netflix