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Netflix just launched in 130 more countries, and the stock is soaring

Nathan McAlone   

Netflix just launched in 130 more countries, and the stock is soaring
Tech1 min read

Reed hastings flags

Maya Kosoff

Netflix just went live in 130 new countries, a significant expansion of the online video service's reach that cheered investors.

Shares of Netflix popped nearly 6% on Tuesday after CEO Reed Hastings announced the new markets during a speech at the Consumer Electronics Show in Las Vegas. Hastings said Netflix was live in 60 countries before the keynote speech but by the end was live in 130 more.

Among the countries getting Netflix for the first time: Azerbaijan, Vietnam, India, Saudi Arabia, Singapore, Turkey, and Indonesia.

One big country missing from the list, however, is China, the world's largest market by internet users.

Hastings said Netflix was not coming to China yet but hoped to be there soon.

Here is a chart showing the stock bump:

Screen Shot 2016 01 06 at 10.29.47 AM

Yahoo Finance

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