The company announced that earnings per share hit US$0.89 on net income of $403 million, well above market consensus of an increase of US$0.68 and last year's net income of $129.6 million and EPS of US$0.29. Revenue was at $4 billion, which matched expectations.
The company announced it added a net 6.4 million subscribers in the quarter, beating Netflix's own forecast of 5.0 million. In the fourth quarter, the company forecast an additional 9.4 million new subscribers.
Shares popped in after-hours trade, rising more than 13% to $391.54, having already closed on Tuesday up 3.98% to $346.40.
Several banks and brokerages had reduced their price targets for Netflix, although most had pegged it as staying above $400.
Netflix remains a juggernaut in online streaming, with one study saying it accounts for 15% of all internet traffic globally.
Reporting by Rene Pastor, contactable on [email protected]