Yes...It is in their terms and conditions
'YOU MAY INSTANTLY WATCH ON UP TO SIX UNIQUE AUTHORIZED NETFLIX READY DEVICES. YOU WILL BE ALLOWED TO INSTANTLY WATCH SIMULTANEOUSLY ON TWO SUCH DEVICES AT ANY GIVEN TIME. For certain membership plans, you may instantly watch simultaneously on additional Netflix ready devices within your household. Go to “Your Account” page on the Netflix website to view the number of devices on which you may simultaneously view movies & TV shows that are associated with your plan.'
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