Shares of Netflix (NASDAQ: NFLX) soared after the video streaming company posted strong fourth-quarter results and offered an upbeat outlook. The stock has nearly doubled over the past year, extending a winning streak that has made Netflix one of the past decade's biggest winners with a gain of more than 1,

Shares of Netflix soared 13% to an all-time high on Wednesday after the streaming giant's big bet on sports helped add a record 18.9 million subscribers in the holiday quarter, ballooning its already sizeable advantage over other players.

Netflix shares have roughly doubled in the past year, setting a high bar for future growth as its market capitalization overtakes the valuations of rivals Disney, Comcast, Warner Bros. Discovery, and Paramount Global combined.