The streaming giant said it added 2.4 million households to its subscriber base over the July to September period.

It reversed the losses it suffered in the first half of the year after raising its prices in key markets. Hits such as Stranger Things; The Jeffrey Dahmer Story helped draw viewers back to the site.

That news comes a day after the company said it had created a way to transfer user's profiles along with viewing histories and preferences, to new accounts, so personalised settings would not be lost.

Sign-ups in the Asia-Pacific region drove growth in the most recent quarter, putting its subscriber total above 223 million, Netflix said.

Netflix currently accounts for over 8% of all video viewing time in the UK, and 7.6% of TV viewing time in the US, the streaming giant wrote in its latest financial statement.

Netflix series, like Cobra Kai, Stranger Things and The Crown, also continue to dominate lists of most popular streaming shows.

Netflix shares jumped more than 10% in after-hours trade, following the release. The company also faces fierce competition from the likes of YouTube, Apple TV, HBO Max, Amazon Prime and Disney+.