Netflix has reported the number of subscribers climbed more than expected, topping 100m worldwide and sending shares in the leading on-demand television service soaring.
Netflix shares jumped more than 8% to $175.90 in after-market trades that followed release of earnings figures that showed the Silicon Valley-based company added 5.2m subscribers in the recently ended quarter to raise the total to 103.95m for its streaming service.
Most of the subscriber growth came from outside the US, where Netflix has invested heavily in establishing itself as a global television service.
Netflix said profit was up 61% to $66m. Revenue increased 32% to $2.78 billion from the same quarter last year.
"We underestimated the popularity of our strong slate of content which led to higher-than-expected acquisition across all major territories," Netflix said in a letter released along with the earnings figures.
