Netflix subscriptions boom around world, shares jump 20 percent

Netflix, which has spent heavily to expand outside its home market, also said that it was on track to start harvesting "material global profits" next year, even as it raised spending on original programming. Shares of Netflix rose to $119.82 in extended trade from a close of $99.80. Netflix added about 3.20 million subscribers internationally in the third quarter, higher than the 2.01 million average analyst estimate.