Netflix shares hit peak on Q2 triumph

Netflix stock soared to an all-time high in after-hours trading on Monday after the video streamer blew past its own subscriber growth forecast for the second-quarter.

The stock jumped roughly 11 percent, topping $179 per share after it closed regular trading at $161.70, up 58 cents.

A second-quarter record of 5.2 million new global subs — 63 percent more than the 3.2 million forecast by the Los Gatos, Calif., company — boosted quarterly revenue to $2.79 billion and generated earnings per share of 15 cents.

Wall Street was expecting $2.76 billion in revenue and EPS of 16 cents.

“Our streaming membership grew more than expected, from 99 million to 104 million, due to our amazing content,” Netflix said in a letter to shareholders.

That content drew 91 Emmy nominations last week, including five for best series: “Stranger Things,” “The Crown,” “House of Cards,” “Master of None” and “Unbreakable Kimmy Schmidt.”

The results moved analyst Tuna Amobi of CFRA to increase his 12month target price for the stock by $25 — to $200 per share.

“With a notable second-quarter tipping point for [international], Netflix sees a positive ’17 international contribution profit,” Amobi said.

That profit, if realized, would be Netflix’s first from overseas markets.

Looking ahead, the Reed Hastingshelmed company acknowledged intense competition from an increasing number of streaming video-on-demand rivals.

But it predicted the shift from linear TV to on-demand viewing will prove “so big” as to accommodate many internet TV services.

“The internet may not have been great for the music business due to piracy, but, wow, it is incredible for growing the video entertainment business,” Netflix said.