Netflix picked up 5.1 million subscribers in the third quarter, beating Wall Street estimates by more than 1 million users, sending the shares sharply higher.
Investors had expected Netflix to sign up 4 million subscribers in the three month period to the end of September. New programming during the quarter included the murder-mystery The Perfect Couple , Kaos, a modern take on Greek mythology, and the romantic comedy Nobody Wants This.
Netflix, which is based in Los Gatos, California, and was founded in 1997 as a DVD postal service, reported quarterly revenue of $9.825 billion, just ahead of the $9.769 billion consensus forecast.
The shares were $30.49, or 4.3 per cent, higher at $717.01 after the earnings report. Since the start of the