Netflix's earnings report success on Tuesday is due to the company's loyal following, according to CNBC's Jim Cramer.
"It just seems like they've developed a core group of people who love their programming, and they have this momentum at a very low price point," he said on CNBC's "Squawk on the Street" on Wednesday. Cramer also said demand for Netflix's content is growing fast. "They're talking about 200 countries that want this."
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Cramer made his remarks after Netflix posted adjusted earnings of 72 cents per share, trumping Wall Street's expectations of 45 cents per share. "This is the opposite of Amazon. This is not willy-nilly growth for the sake of willy-nilly growth," Cramer said. "This is willy-nilly growth for the sake of big profits, and I found it very impressive."
Cramer added reception to the company's own content also contributed to its positive earnings report. "I know 'Marco Polo' did very well," he said. "Fourteen percent of [subscribers] watch this; much better than 'House of Cards.' "
Cramer also said Netflix CEO Reed Hastings did a great job on the company's investors' conference call. "This was a Tom Brady conference call," he said. "It was a combination of [Aaron] Rodgers saying, 'R-e-l-a-x,' and [Bill] Belichick saying, 'We're just going to Cincinnati,' and Richard Sherman saying, 'Don't compare me to that clown.' "