Netflix Inc. shares rose 2% in the extended trading Thursday after the company reported profit in the first quarter well above its own projections and that predicted by analysts, due to higher-than-expected subscription and advertising revenue growth, it said.

Netflix raised the prices across most of its plans in January, with its premium plan hitting $24.99 per month. It also increased the price of its Extra Member option — its solution to password sharing — to $8.99 per month. Though Netflix already rolled out the increase in the US, UK, and Argentina, the streamer now plans to do the same in France.

Higher-than-expected subscription and ad revenue helped Netflix beat its forecast for core metrics, including revenue and its operating margin, in the first three months of the year. The company reported $10.