Why Netflix Stock Rocketed Higher Wednesday Morning

The streaming pioneer continues to add subscribers at a brisk pace.Shares of Netflix (NFLX 11.16%) charged sharply higher on Wednesday, surging as much as 14.9%. As of 10:58 a.m. ET, the stock was still up 11.1%.The catalyst that propelled the streaming pioneer higher was the company's financial results, which were much better than investors had anticipated.Subscriber growth is soaringFor the fourth quarter, Netflix reported revenue that grew 16% to $10.2 billion. The company also expanded its operating mar ...