Netflix shares up on talk of profit stream after rollout

NETFLIX Inc's US$9.5 billion drive to dominate video streaming worldwide is paying off.

Investors sent the shares up as much as 16 per cent after the Los Gatos, California-based company said it will profitably reach all 200 of the countries that have broadband Internet service within two years.

"We then intend to generate material global profits from 2017 onwards," chief executive officer Reed Hastings and his finance chief, David Wells, said Monday on the company's website.