Netflix shares drop 7% in Europe after Q4 results

(Refiles to ⁠correct ⁠media ‍identifier, with no changes to story)

LONDON, ‍Jan 21 (Reuters) - Netflix shares listed ​in Frankfurt fell in ​early trade on Wednesday despite beating expectations for fourth quarter revenue ​and earnings, as the company remains locked ​in a fierce bidding war for ‌Warner Bros Discovery.

Netflix also told investors it would ​pause share buybacks ⁠to accumulate cash to help fund the ‌Warner deal. By 0714 GMT, shares were down ‌7%. The shares closed down ‌0.8% in Tuesday's regular session. Netflix stock has lost some ‍20% in value since the company launched ⁠its bid for Warner Brothers in early December.

(Reporting by Samuel Indyk; Editing by Amanda Cooper)

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