Netflix shares leapt on Monday after the video streaming titan reported that revenue breached a billion dollars atop growing membership and that it plans a bump in new subscription rates.
The California-based firm saw its shares rise more than six per cent to $US371.35 ($A399.41) in after-market trades that followed the release of earnings figures for the first three months of this year.
Netflix said it added four million new members to finish the quarter with more than 48 million subscribers around the world.
The company reported net income of $US53 million on revenue of slightly more than $US1.06 billion.
Netflix said its decision to increase new monthly subscription prices in Ireland by 1 euro ($A1.49) to 7.99 euros resulted in "limited impact".
"Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only," Netflix said in an earnings release.
Subscription levels for existing members would remain "for a generous time period", Netflix says.
The company said it had improved its online television and film offerings since it introduced streaming plans four years ago.
Netflix advised investors in the earnings report that it is opposed to the planned merger of US cable service giants Comcast and Time Warner.
"Comcast is already dominant enough to be able to capture unprecedented fees from transit providers and services such as Netflix," the online video streaming service said.
"The combined company would possess even more anti-competitive leverage to charge arbitrary interconnection tolls for access to their customers."
