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WHOOSH: Netflix Blasts Past 40 Million Global Subscribers in Third Quarter

Felipe Caicedo/ Getty Images

Felipe Caicedo/ Getty Images

Andrew Wallenstein reports: Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday.

Netflix stock soared  in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of spending on original programming.

That brings Netflix’s domestic streaming audience to 31.9 million. Together with the addition of 1.44 million international subs, that brings Netflix’s global sub base to over 40 million. Read the rest of this entry »