Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

Revenue and operating margins continued to improve in the third quarter as subscriber growth slowed, a sign of the company’s success in pivoting toward prioritizing profitability over growth.

Going forward, Netflix has forecast full-year revenues to rise by 15% year-over-year, thus reaching the upper limit of the guided range. The common is up over 41% year to date through Thursday's close; the shares edged up more than 4% in after-market trading after the earnings report.