Netflix surprised the market Wednesday with unexpected profit and an outlook that topped forecasts.
The streaming video provider's shares jumped more than 30 percent after the closing bell, following the news.
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"Reed Hastings has delivered. He's driving Netflix right now as well as anybody could manage a very difficult business," Porter Bibb of Mediatech Capital Partners told CNBC's "Closing Bell."
Net income fell 78 percent to $8 million from a year ago.
Excluding items, the company posted an unexpected profit of 13 cents a share, though that was down from 73 cents a share in the year-earlier period.
Netflix's Internet video service added 2.1 million U.S. subscribers, for a total of 27.2 million, during the final three months of the year to produce the surprise profit. It also ended the quarter with an additional 1.8 million subscribers outside the U.S.