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Netflix Shares Are Surging After Adding More Subscribers Than Expected

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News video: Netflix Shares Are Surging After Adding More Subscribers Than Expected

Shares of Netflix jumped more than 8% Monday, reversing their losses from earlier in the day.

The streaming giant added millions more subscribers in its first quarter than analysts had expected.

The company said it added 1.96 million new customers domestically and 5.46 million internationally.

Continued subscriber growth has been pushed forward by the strength of Netflix's original TV shows and movies.

Netflix plans to release 80 original films in 2018.

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Netflix Shares Are Surging After Adding More Subscribers Than Expected

MONDAY, JULY 17, 2017, FILE PHOTO Broadcasters: TO USE VIDEO OF STRANGER THINGS & THE CROWN TRAILERS, MUST COURTESY NETFLIX ON SCREEN Digital: TO USE VIDEO OF STRANGER THINGS & THE CROWN TRAILERS, MUST COURTESY NETFLIX ON SCREEN .

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