After the bell, shares had added 5.2% to $366.51.
Over the three months to March, the company reported net income of 86 cents a share, 3 cents higher than analysts surveyed by Thomson Reuters had expected.
Revenue of $1.27 billion was 24.5% higher year on year.
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For its second quarter ending June, management guides for $1.12 a share in net income and $1.14 billion in revenue.
Analysts had forecast $1 a share in net income and $1.3 billion in revenue.
TheStreet Ratings team rates NETFLIX INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NETFLIX INC (NFLX) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."
- You can view the full analysis from the report here: NFLX Ratings Report