Netflix reported Thursday an increase of 5.1 million subscribers in the third quarter of this year, surpassing Wall Street’s forecast by over a million.

Following the earnings update, its shares rose 4.8% in after-hours trading, reflecting a 47% increase for the year.

Over 50% of new sign-ups came from ad-supported plans in available markets.

Analysts had predicted Netflix would gain 4 million subscribers in the third quarter, according to LSEG data.