Netflix membership climbs with global growth

Reed Hastings, co-founder and CEO of Netflix, delivers a keynote address at the 2016 CES trade show in Las Vegas, Nevada in this January 6, 2016 file photo. Video-streaming service Netflix Inc's quarterly subscriber additions topped its expectations, boosted by strong international growth, sending its shares up 8 percent in extended trading. REUTERS/Steve Marcus/Files

SAN FRANCISCO: Netflix reported that it remained profitable and added a record number of new subscribers in the final quarter of last year as it pushed to expand globally. 

Netflix shares jumped more than 6% to US$115.20 (RM504.52) after revealing that its ranks of members has topped 75 million and that it made a profit of US$43mil (RM188.21mil) in the final quarter of last year.