The shares rose 3.7 percent at 3:42 p.m. in New York, on pace for their biggest gain since Jan. 14.
Billboard reported Monday afternoon that the music streaming service signed up more than a million unique users for free and premium offerings less than a week after launching in India.
India has been regarded as the next go-to market for streaming services as local telecom providers have poured billions of dollars into bringing the country online.
Netflix Inc. has also identified the region as a key growth opportunity. More than 150 million people have broadband connectivity, mostly via mobile devices.