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Netflix shares hit an all-time high after gaining more than 5 million subscribers.
In a series of upbeat results Thursday evening after the stock market closed, the American streaming giant said it had 283 million paying customers at the end of September.
That was 5.1 million more than just three months earlier, as its crackdown on password sharing continued to bear fruit.
Netflix shares rose more than 10 per cent yesterday in New York in response to the figures, giving it a valuation of £250bn.
Millions of people have been forced to pay after Netflix prevented them from sharing their login details with friends and family.
Momentum: Viewers have flocked to see shows like Emily In Paris, starring Lily Collins.
A quarter of Netflix’s 15 million subscribers in Britain are thought to have shared their password last year.
Netflix said revenue in the three months to the end of September was 15 per cent higher than a year ago, at £7.6bn.
Viewers have flocked to see shows like Emily In Paris, starring Lily Collins.
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