Caroline Carballeira

Netflix Adds 5.2 Million Subscribers, Crushing Estimates

The company's stock rose more than 10 percent after the report was released

Netflix's second quarter report released Monday showed an addition of 5.2 million memberships, crushing Wall Street estimates of 3.23 million.

New seasons of Netflix hits such as "House of Cards" and "Orange is the New Black" contributed to the company's success since its last earnings report, according to CNBC. Netflix series garnered 91 Emmy nominations.

The company's stock rose more than 10 percent after the news broke about the increase in memberships.

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