Netflix's Advertising Cloud Looms Larger

Forget presidential politics—let’s talk about the third season of “Bridgerton.” The fun series about romance in quasi-Regency London was a big draw for Netflix in the second quarter, the video-streaming service noted today as it reported another solid quarter. Revenue rose 17% year on year, subscriber numbers grew about the same and its cash piled up. 

All good? For the moment. But Netflix warned that its growth will slow a bit in the third quarter, a sign that the revenue fillip it got from cracking down on cheapskates sharing their friends’ passwords—forcing them to sign up themselves if they wanted to watch—was petering out.