Which one is more legible?

method1.py

def fun_function(name=None):
    """Find working ice cream promo"""
    results = Promo.objects.active()
    results = results.filter(
                Q(name__startswith=name) |
                Q(description__icontains=name)
            )
    results = results.exclude(status='melted')
    results = results.select_related('flavors')
    return results

method2.py

def fun_function(name=None):
    """Find working ice cream promo"""
    return (
        Promo.objects.active()
        .filter(
            Q(name__startswith=name) |
            Q(description__icontains=name)
        )
        .exclude(status='melted')
        .select_related('flavors')
    )

The first one! It is easier to debug with breakpoint() (.set_trace()), debuggers or even "debug printing".