Netflix shares rise 7% in after-hours trade as streaming giant adds to huge subscriber base

The Netflix earnings were posted after the the US S&P 500 stocks index closed at a new record high for the third day in a row 

Wrestler Carmella leaps at Bianca Belair, during the World Wrestling Entertainment's
Raw event in Boston. WWE's weekly television show 'Raw' will move to Netflix in a $5bn deal.

Netflix shares rose as much as 7% in after-hours trade late on Tuesday after the streaming giant blew past analysts' subscriber estimates in the fourth quarter, driven by a strong slate of shows. 

The company reported it added 13.1m subscribers in the the three months to the end of December, its largest fourth-quarter subscriber growth ever, handily exceeding projected gains of 8.97m.