netflix-envolopes

Netflix posted its first quarter 2013 earnings on Monday and beat Wall Street estimates. The company reported revenue of $1.02 billion, dead on with estimates, but earnings per share of $0.31 beating estimates of $0.20 earnings per share.

The company said it added 3 million new streaming members—2 million of which are U.S. residents—during the quarter and that it now serves a total of 36 million streaming customers. It also serves 8 million DVD customers, although that figure fell during the quarter. That batch of users watched more than 4 billion hours of streaming content, the company said.

"As we continue to focus on exclusive and curated content, our willingness to pay for non-exclusive, bulk content deals declines," the company said, noting the popularity of its original House of Cards series. Shares of the company were up 19.72 percent in after-hours trading at the time this article was written.