Netflix‘s stock surged 20% in after hours following its Q3 2016 earnings as net revenues, EPS, and subscriber additions came in way ahead of expectations. The company’s revenues increased 36% to $2.15 billion, beating analysts estimates of $2.13 billion. Its earnings at 12 cents a share was significantly better than the expected figure of 5 cents a share. During the quarter, Netflix added 370,000 new subscribers in the U.S. and 3.2 million internationally, surpassing its initial guidance of 300,000 and 2 million respectively. For the first nine months of the year, net subscriber additions were steady at 1.7 million, similar to the last year.

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