Netflix adds subscribers but revenue projection falls short

"The Deepest Breath" production directed by Laura McGann on Netflix

Netflix beat analyst forecasts in earnings released late Wednesday evening as a password-sharing crackdown and an ad-suported option helped bring in 5.9 million new streaming subscribers in the latest three months. 

However, revenue came in slightly below predictions for April through June, as did Netflix's projection for revenue in the current quarter just started. The company said it expected revenue growth to accelerate in the second half of the year.