Netflix has bucked the TV industry contraction to post record U.K. revenues of £1.7 billion ($2.2 billion) according to its latest company accounts.

They show that Netflix Services U.K., a Netflix Inc subsidiary responsible for providing its streaming service within the U.K., increased its revenues by 8%. That’s a lower jump than in 2022 (where revenues where 12% higher than the previous year) but still represents a record figure for the company. In 2022 revenues amounted to £1.5 billion.

The vast proportion of that money is made up from streaming revenue (£1.6 billion in 2023) with a trickle (just over £35 million) also coming from services rendered to parent company Netflix U.K. and its Amsterdam-based sister company Netflix International B.V.

According to the financial report, which was filed this week at the U.K. business registrar Companies House, the revenue increase is “due to a larger member base… and increase in revenue per paying membership.