After winning big at the Emmy Awards, on Sunday night, the 34-year-old has signed a whopping deal with the company and will work on new projects for Amazon Prime Video.
According to Variety, its said that the deal is worth around $20 million a year (£16 million), however this has not yet been confirmed.
Talking about her success, the star said in a statement: Im insanely excited to be continuing my relationship with Amazon.
Working with the team on Fleabag was the creative partnership dreams are made of. It really feels like home. I cant wait to get going!
And it seems the business are just as excited about the news as Amazon Studios head Jennifer Salke has showered the star with praise.
She said: We are thrilled to be continuing our partnership with Phoebe at Amazon Studios.
As evident in her great success at the Emmy Awards this week, she is clever, brilliant, generous and a virtuoso on multiple fronts including writing, acting and producing.
Fleabag has been a gift to our Prime Video customers and we are excited for what comes next from this brilliant mind to dazzle and delight our global audience.
Phoebes career has only been going from strength to strength recently, seeing the actresss much loved series pick up four gongs at the Emmys.
The hit BBC series took home the accolade for Best Comedy Series, with Phoebe winning Lead Actress in a Comedy Series and Outstanding Writing for a Comedy Series.
Harry Bradbeer was named Outstanding Director for a Comedy series.
This is just getting ridiculous, the popular writer laughed as she collected her third award of the evening.
Fleabag started as a one-woman show at Edinburgh Festival in 2014 and the journey has been absolutely mental to get here.
She went on to thank co-star Andrew Scott for joining the second series, telling audiences that hes the reason for its success.