Shares of Netflix (NFLX) are surging in Thursday trading after the streaming video company reported subscriber numbers that soared in the first quarter. Netflix said it added nearly 4.9 million subscribers during the quarter, ending with 41.4 million U.S. subscribers and about 20.9 million in the rest of the world. Those numbers topped the company's own expectations. Netflix co-founder and CEO Reed Hastings attributed the company's continued growth to improved original content and the growth of Internet television around the world. Hastings said the rise of competitors like Dish's (DISH) Sling TV, Sony's (SNE) Vue and a potential bundle from Apple (AAPL) is drawing more people in to the Internet TV ecosystem.

More from Video

How Jim Cramer Knew Nvidia Would Miss the Quarter

How Jim Cramer Knew Nvidia Would Miss the Quarter

Jim Cramer Says That This Is a Question All Investors Must Ask Themselves

Jim Cramer Says That This Is a Question All Investors Must Ask Themselves

Consumers Are 'Very Active' in Expected Strong Holiday Season: Mastercard Exec

Consumers Are 'Very Active' in Expected Strong Holiday Season: Mastercard Exec

Don't Let a Short-Term Headwind Cloud Your Focus, Jim Cramer Says

Don't Let a Short-Term Headwind Cloud Your Focus, Jim Cramer Says

Jim Cramer Says, 'You Can't Fall in Love With the Stocks'

Jim Cramer Says, 'You Can't Fall in Love With the Stocks'