Netflix
A new study has revealed that Netflix movies and TV shows account for a lion's share of peak hour Internet traffic within the United States. REUTERS

Shares of Netflix Inc. (Nasdaq: NFLX) are surging a day after the company posted better-than-expected results and reached 20 million subscribers during the fourth quarter.

As of 9:52 a.m. (New York time), Netflix shares have jumped 12.74 percent to trade at $206.39 per share.

Netflix said its net income rose 52 percent to $47.1 million, well ahead of analyst estimates, while revenue climbed 34 percent to $596 million.

Over the past year, the company’s stock has tripled in value.

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