Netflix surges to record high as company adds non-US subscribers

Christmas came early for Netflix investors this year. (credit: macappsaddict via Flickr)

Netflix posted its quarterly financial results (PDF) yesterday, and it is just about dominating Wall Street expectations.

The streaming media company's stock jumped 10 percent after it revealed that it added 5.2 million memberships, far above the expectation that it would add 3.23 million during the quarter.

The company's profits aren't huge: Netflix earned just $66 million on revenue of $2.79 billion during the quarter. But investors have shown that they're willing to forego massive profits now in exchange for breakneck growth.

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