Netflix shares hit a record high after it raked in more than 5m subscribers.
In an upbeat set of results on Thursday night after the stock market closed, the US streaming giant said it had 283m paying customers at the end of September.
That was 5.1m more than just three months earlier as its crackdown on password sharing continued to pay off.
Netflix shares rose more than 10 per cent in New York yesterday in response to the figures, giving it a £250billion valuation.
Millions have been forced to pay after Netflix stopped them from sharing their logins with friends and family.
It is thought that a quarter of Netflix’s 15m subscribers in Britain shared their password last year.
Netflix said revenues in the three months to the end of September were 15 per cent higher than a year ago at £7.6billion.
Viewers have flocked to watch shows like of Emily In Paris, which stars Lily Collins.
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