Netflix share price soars as company grows overseas markets

Netflix shares have soared after the the video streaming company added 3.2 million international customers in the last three months, well above the two million analysts had predicted.

In America numbers rose by 370,000 as quarterly revenues rise 31% to $2.29bn (£1.88bn), sparking a 20% jump in Netflix’s share price. In the three months to the end of September Netflix had about 83.3 million subscribers.

Netflix has been expanding in international markets to counter slowing growth in the US. The service has a strong presence in more than 130 markets worldwide, except China.