The company says more than 20 million subscribers worldwide watched more than 2 billion hours of old TV shows and movies on devices with high-speed Internet connections during the final three months of last year. The numbers released Wednesday contributed to an 11 percent surge in Netflix Inc.'s stock price. The shares gained $8.21 to finish at $80.45.
The stock still remains far below of its all-time high of nearly $305 in mid-July. The steep decline followed a customer backlash triggered by Netflix's decision to raise its U.S. prices for Internet video and DVD-by-mail rentals by 60 percent.
