Netflix is software decoded so it's quite CPU intensive and in general you need to install a heatsink to prevent overheating (the thermometer icon means the CPU is getting too hot).
When using a soundcard/HAT you can use a GPIO stacking header to get more space between the RPi and the HAT so you have room for a heatsink. There are available eg from Pimoroni but I haven't tested these myself yet.
I'm using the BGA-STD-065 heatsinks from ABL (about 28x28mm, 11mm height) here on my RPi3B+s with a Cirrus Logic audio card on top - that card has a larger GPIO header so it works without a stacking header.
Netflix plays fine here in 720p without heat issues (I also have temp_soft_limit=70 in config.txt to keep the 3B+ running at 1400MHz at a bit higher temps - default is 60°C).
so long,
Hias