Image: NetflixNetflix shares jumped 8% in after-hours trading on Tuesday after revealing it gained more customers than expected in the final three months of the year.
Although it missed forecasts for the US, the video streaming giant added more than 5.5 million customers to its list of subscribers, which is now nearing 75 million.
And Netflix is now expecting big things for the current quarter. Last year it gained 4.88 million new customers, but this year it is forecasting 6.1 million will join.
The latest rise in shares means that its shares have grown by an impressive 124% over the past year.
However, the future is not without challenges, the company has admitted. It is still embarking on plans to expand into China and its popularity in the US and UK is not necessarily replicated across the world. Although Netflix is available in 130 countries, some of those receive just 10% of the content available in the US. And last week, the company announced that it was cracking down on users who use proxy servers or virtual private networks (VPNs) to access the same content available in the US.
Netflix said it does hope to allow the same content to be viewed everywhere, but stressed it would be quite some time before that would be possible.
Earlier this week, Netflix released the premiere dates for 10 of its most popular original programmes, including House of Cards, Orange is the New Black and Fargo.
