(Los Gatos, CA) -- Shares of Netflix are up more than ten percent in after-hours trading after it was revealed that the streaming video service now has more than 40 million subscribers worldwide.

The company announced today that it has 31.1 million streaming subscribers in the U.S. In foreign territories, Netflix now has 9.2 million streaming subscribers.

Net income for the third quarter was $32 million, $8 million more than a year earlier. Netflix says it added 1.3 million U.S. customers during the third quarter.