Netflix keeps growing

2016 was an interesting year for Netflix as they gambled on original content and let some of their movie selection that they were getting from other companies go away. The gamble of course has worked as they've seen over 7 million new users last year and could be hitting 100 million users by March. The stock market also was excited and they've seen their stock surge upwards. CNBC has more on the good new at the Netflix camp.

Netflix shares surged as much as 9 percent in late trading after the company posted subscriber numbers that crushed its own guidance.

The stock was last seen near $144, about 8 percent higher in extended trade on Wednesday as more than 3 million shares changed hands.

The company said it added 7.05 million subscribers during the fiscal fourth quarter. Not only was that figure well above its own expectations of 5.2 million, but Netflix said it was the largest-ever quarterly subscriber growth in its history.