Cramer: Netflix earnings ‘took my breath away’

Netflix share price surged Thursday, after its earnings report reflected the company's domination of the video streaming space.

"It took my breath away," CNBC's Jim Cramer said of the earnings report. "They've got every demographic."

Netflix stock price jumped 11 percent Thursday morning, a day after the video streaming giant reported second-quarter earnings per share of 6 cents on revenues of $1.64 billion. Analysts expected Netflix to post earnings per share of 4 cent on revenues of $1.65 billion.

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The company also said its net new additions rose to 3.28 million, well-above estimates.

Read More Netflix net adds, earnings top estimate; Stock pops

"The only place I don't think they won't do well … is Pluto," Cramer said on "Squawk on the Street," adding its low subscription prices will only enable the company to reach new heights.

"They don't want to raise the price, and they don't need to. They want to remain the great bargain," Cramer said.

DISCLOSURE: Cramer's trust did not own NFLX when this article was published.