Netflix shares hit record high amid robust subscriber growth

Shares in the streaming giant rose nearly 10% and are set to add more than $28bn (€25.8bn) to Netflix's market value of about $295bn

Forthcoming episodes from 'Knives Out', 'Stranger Things', and 'Squid Game' are among the attractions that could give Netflix the edge in Hollywood’s streaming wars. 

Shares in streaming giant Netflix hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help it maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.

The company, widely seen as the winner of Hollywood’s streaming wars, saw its stock rise nearly 10% and was set to add more than $28bn (€25.8bn) to its market value of about $295bn, if gains hold.