Statement

If f:CCf:\mathbb C\to\mathbb C is a nonconstant , then the complement

Cf(C)\mathbb C\setminus f(\mathbb C)

contains at most one point. Equivalently, a nonconstant entire function cannot omit two distinct complex values.

Derivation from Great Picard

If ff is a transcendental entire function, then f(1/w)f(1/w) has an essential singularity at w=0w=0. The implies that it assumes every complex value, with at most one exception, infinitely often near 00. If ff is a nonconstant polynomial, it assumes every complex value by applying the to f(z)af(z)-a.

Sharpness

One omitted value is possible: the exponential function eze^z is entire and never vanishes. It assumes every value in C×\mathbb C^\times.

References
  1. John B. Conway, Functions of One Complex Variable II, Springer, 1995. Publisher record. Relevant: Chapter XII.