Netflix is planning to raise the price of its popular streaming service by as much as two dollars per month, according to statements in its first-quarter earnings filings.
Current subscribers would stay at the $7.99 price for a "generous time period," the company wrote in a statement to investors.
"Our current view is to do a one or two dollar increase, depending on the country, later this quarter for new members only," the company wrote.
The news came as Netflix announced that it added 4 million new members in the first quarter of 2014, as the company beat revenue and profit expectations. The company now counts 48.4 million paid subscribers.
Netflix said that it is focusing on international markets as U.S. growth slows.
"We intend to continue our international expansion over the coming years, so our near term profits will be quite modest as we invest in this large global opportunity," the company wrote in its earnings report.
Shares in the streaming content company moved 5% higher in after-hours trading. A difficult run for some of the best performing stocks, including Netflix, has sent shares down more than 14% in the past month.
Netflix previously came up against customer backlash in 2011 after an ill-advised attempt to raise the price of its $10 per month DVD-by-mail and streaming package to $16. The company the planned to rebrand its DVD service as Qwikster before backtracking.
The company recently rolled out a $6.99 per month plan for subscribers that plan to watch on only one screen.
A price increase from Netflix follows on Amazon raising Prime to $99 per year.
Also in the investor letter, Netflix took the opportunity to come out firmly against the acquisition of Time Warner Cable by Comcast. In a section entitled "Strong Net Neutratity: No-Fee Interconnect," the company warned about the power of Comcast if the deal gained regulator approval.
"Comcast is already dominant enough to be able to capture unprecedented fees from transit providers and services such as Netflix," Netflix wrote. "The combined company would possess even more anti- competitive leverage to charge arbitrary interconnection tolls for access to their customers. For this reason, Netflix opposes this merger."
The company did not divulge the viewer metrics for its popular original series, House of Cards, except to say it "attracted