LOS ANGELES (Reuters) - Netflix Inc's quarterly profit more than doubled, boosted by a $1 monthly increase in its most popular video streaming plan for new customers in the United States.
Netflix shares were up nearly 1 percent at $456.21 in after hours trading, after the company also said it expected average revenue per user to rise slowly as it wins over more subscribers at the new prices.
The company increased the price of its most popular video streaming plan by $1 per month to $9 for new customers in the United States in May — the company's first price hike in its largest market in three years.
Netflix said it added 570,000 U.S. customers in the second quarter ended June 30. It added 1.12 million customers in international markets.