It was recently revealed that the young stars of the hit Netflix show have struck new deals to earn a whopping $250,000 per episode.

And 15-year-old Gaten Matarazzo, who plays Dustin Henderson in the series, has all the more reason to celebrate, as his pay for the upcoming third season was originally only set to be increased by a modest $1,000, from $16,800 to $17,640 per episode.

According to TMZ, the affable teen will now enjoy a whopping 1,200 per cent in his pay for his lauded efforts on the 1980s-set paranormal drama, which castmembers are scheduled to return to next month as they shoot the anticipated third season.

He's in the money! Stranger Things star Galen Matarazzo's reported pay rise from a proposed $17,640 per episode to $250,000 will see him enjoy an 1,200 per cent increase

The report comes a week after it was revealed that all of the castmembers have landed big paydays ahead of working on the show's next season.

Winona Ryder and David Harbour will be paid $350,000 an episode to return, reports The Hollywood Reporter, while Gaten's co-stars Finn Wolfhard, 15, Caleb McLaughlin, 16, and Noah Schnapp, 13, are set to receive $250,000 per episode.

However, THR.com reports, mystery surrounds the deal being made with Millie Bobby Brown who stars as the mysterious Eleven, with the publication stating that her team have been negotiating a separate deal for her which could be worth more.

Big pay day: His co-stars (L-R) Noah Schnapp, Finn Wolfhard, and Caleb McLaughlin will reportedly each get paid $250,000 per episode also

In the money: The child stars of Netflix's Stranger Things are receiving whopping pay increases for the third season of the show. Pictured with Millie Bobby Brown in June 2017

Some sources have told THR.com that the 14-year-old is set to earn as much as Ryder and Harbour, while others suggest she's going to be paid $300,000 per episode.

Other cast members Natalia Dyer, Charlie Heaton and Joe Keery will be paid $150,000 an episode under the new agreement.

Brown, now 14, who famously shaved off her hair for the role of the kinetic Eleven, has become something of a pop culture phenomenon.

Ker-ching: Millie Bobby Brown had been earning the same as her child co-stars but is thought to have negotiated a separate deal for as much as $350,000 to return as the mysterious Eleven

She has 15.4 million followers on Instagram and landed a leading role in the upcoming action adventure Godzilla: King of the Monsters opposite Sally Hawkins and Bradley Whitford.

She's also building a fashion and modelling sideline, promoting Converse sneakers and working with Calvin Klein.

Doors have opened, too, for her young co-stars: Wolfhard who plays Mike is filming The Goldfinch with Nicole Kidman, Ansel Elgort and Sarah Paulson and also had a role in last year's hit remake of Stephen King's It.

Adult leads: Winona Ryder, who plays Joyce Byers (left), and David Harbour, who plays Hawkins sheriff Jim Hopper (right), will each be paid $350,000 an episode

Dyer, who plays Nancy, is currently filming Dan Gilroy's as yet untitled new movie with John Malkovich, Rene Russo and Toni Collette, and Keery has signed on for the film Beef with Timothy Olyphant and Jai Courtney.

The series which was created by brothers Matt and Ross Duffer earned 18 nominations at the Emmys last year and is believed to be one of the most watched shows in Netflix history.

The sci-fi drama has charmed viewers with its nostalgic 1980s setting including nods to the era, such as the Billy Hargrove character who was a spitting image of Rob Lowe in St. Elmore's Fire, and the music soundtrack of '80s hits.