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MarketWatch First Take: Netflix is growing at a stunning rate — and so is its profit

Netflix Inc. on Monday detailed stunning growth for a tech company that has been around for more than two decades, as its hefty spending on content and international expansion pays off in a big way.

Netflix NFLX, -1.24%reported first-quarter results that far outpaced Wall Street’s expectations Monday, adding 7.4 million more streaming subscribers, more than the 6.6 million expected, with 5 million of them outside the U.S. Higher subscription prices for Netflix’s streaming service, combined with the growing customer base, gave a huge boost for revenue — Netflix said its 43% year-over-year jump in streaming revenue was its best in history.

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