The value of the company’s shares surges after a great earnings release, adding to the day’s blockbuster performance

The shares of Paramount Global rose in extended trading Thursday after the company reported good revenue and subscriber trends in its third-quarter results release.

The after-hours move capped off a successful day for the media conglomerate. During the normal trading session on Thursday, the stock closed more than 10% higher.

The parent company of CBS, Showtime, BET, Nickelodeon, and its own movie studio, Paramount, reported a 38% growth in revenue year over year. Streaming provider Paramount+ added 2.7 million net subscribers to its 63 million total subscriber base in the third quarter. In addition, the corporation reduced losses in its streaming segment to $238 million from $343 million a year ago.

Here’s how the company fared in the third quarter in comparison to Wall Street expectations:

Earnings per share: 30 cents vs. 10 cents predicted by LSEG, formerly known as Refinitiv Revenue: $7.13 billion vs. $7.099 billion projected by LSEG

For the fiscal year ended September 30, the company earned $295 million, or 43 cents per share, up from $231 million, or 33 cents per share, the previous year. Earnings per share were 30 cents during the period after adjusting for one-time factors.