Shares take a leap as analysts say that a crackdown on password sharing appears to have worked in its favour.
Netflix has increased the cost of premium subscriptions in the UK. The streaming giant says American and French customers will also be affected - and revealed a crackdown on password sharing that began in May had failed to dent demand. Netflix said almost nine million households signed up worldwide between July and September - the biggest surge in subscriber numbers since COVID lockdowns in early 2020.
Analysts said the growth in subscribers shows Netflix is thriving despite Hollywood strikes that have shut down the bulk of productions in the US. While film and television writers agreed a new contract this month, actors remain off work.
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