Netflix say they expect to double their profits this quarter after the world’s largest streaming service added more than 5 million new subscribers in the summer.
The growth outpaced Wall Street estimates by more than 1 million.
A major crackdown on password sharing along with the introduction of adverts to its service and investing billions in live TV, have all helped to boost income.
Revenue at Netflix rose 15% to $9.83bn, as net income increased 41% to $2.36bn.
However, major hits such as The Perfect Couple and Emily in Paris drew viewers in their droves to the platform in the last quarter.
The streaming giant is also pinning a lot on a new season of Korean drama Squid Game which it hopes will bolster its audiences when it lands this Christmas.
Shares of Netflix rose 4.8% in after-hours trading on Thursday after the earnings report. The shares have gained about 47% so far this year.
But Netflix has been trying to …