Netflix will spend between $7 billion and $8 billion on content in 2018, up from the roughly $6 billion it will spend this year, the streaming service said while announcing its third-quarter earnings on Monday.

Netflix added 5.3 million subscribers in the quarter, surpassing expectations, and had revenue of nearly $3 billion, a 30 percent increase from the same period last year. The company also saw its net income rise to $130 million, well over last year’s third quarter total of $52 million but short of the $143 million that Wall Street expected.

In after-hours trading, Netflix’s shares inched up 1.2 percent, just days after its stock surpassed $200 for the first time.

Netflix now has 104 million paid subscribers, and saw the bulk of its third-quarter growth come from international markets, which accounted for 4.5 million of its new subscriptions.