Netflix share price surges after subscriber growth returns

In brief

Netflix added 2.41 million net global subscribers in Q3, the company reported in its earnings yesterday.

The growth in subscribers is led by the Asia-Pacific region (1.43 million) as opposed to relatively meager growth in the US and Canada (100,000).

Netflix also beat Wall Street expectations on revenue ($7.93bn vs. $7.84bn expected) and is forecasting a further 4.5 million net subscriber adds in Q4.

Shares of Netflix jumped over 12% on the earnings report.