Netflix recently revealed its 1Q profits, which has reportedly surpassed the company's expectation.
According to Fox Business, Netflix's first quarter revenue was accounted to be 1.27 billion dollars, and their subscriber base rose to 48 million worldwide members, beating earlier predictions.
Netflix's shares surged more than 7 percent to 373 dollars in extended trading.
The US based video-streaming service made profit of 53 billion dollars, in the first three months of this year, up from 3 million dollars last year, the report added.
