WBTN
WEBTOON Entertainment Inc.12.53
+0.02+0.16%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Q&A clarifies lumpy Q4 guide.
Q&A largely reaffirms prepared remarks, clarifying Q4's revenue decline stems from lumpy IP adaptation timing—paid content grows despite last year's hits like Trauma Code—while guiding EBITDA absorbs $16.5 million non-cash costs. Management stresses webcomic app MAU up 1.5% globally (12% in English markets) as the true paid-content predictor, downplaying Wattpad-driven total MAU drops from lingering country bans. Disney and Warner partnerships? Too early for financials or metrics, though Warner eyes English originals for brand lift. Korea ad softness traced to one e-commerce partner, deemed transitory. Confident long-term tone; investors watch IP cadence and English conversions.
Key Stats
Market Cap
1.64BP/E (TTM)
-Basic EPS (TTM)
-1.07Dividend Yield
0%Recent Filings
8-K
Disney invests $32.8M in WEBTOON
10-Q
Q3 FY2025 results
WEBTOON Entertainment posted Q3 revenue of $378M, up 8.7% y/y from $348M, fueled by IP Adaptations tripling to $52M while Paid Content held steady at $287M; Japan (47% of revenue) and Korea (40%) drove the gains. Operating loss widened to $15M from $8M on steeper cost of revenue, yet YTD operating loss narrowed 31% to $50M versus $73M. Cash swelled to $585M; free cash flow not disclosed in the 10-Q. Diluted EPS of -$0.09 reconciles to 131M shares. Solid liquidity buffers ongoing investments. Securities litigation lingers.
8-K
Q3 revenue up 9.1% CC
WEBTOON Entertainment posted Q3 revenue of $378M, up 8.7% YoY or 9.1% constant currency, fueled by IP Adaptations soaring 171.8% CC while advertising dropped 8.9%. Adjusted EBITDA hit $5.1M above guidance midpoint, yet net loss swung to $11.1M from prior profit. Cash pile stands at $584.6M. Q4 signals revenue dip to $330-340M.
8-K
Disney-WEBTOON platform deal
WEBTOON Entertainment and Disney entered a non-binding term sheet on September 15, 2025, for a new digital comics platform featuring over 35,000 Marvel, Star Wars, Disney, Pixar, and 20th Century titles, built and operated by WEBTOON. Disney eyes a 2% equity stake. Disney+ perks include curated access. Terms await definitive agreements.
10-Q
Q2 FY2025 results
WEBTOON Entertainment posted Q2 revenue of $348.3M, up 8.5% y/y from $321.0M, with Paid Content at $274.9M (+5.4% y/y), Advertising $45.2M (+11.9% y/y), and IP Adaptations $28.1M surging 41.8% y/y on hits like 'The Remarried Empress'; Japan drove 51% of sales at $177.9M. Operating loss narrowed to $8.8M from $79.1M, thanks to G&A plunging 53% on lower stock comp. Diluted EPS held at -$0.03, matching 130.4M shares—no anti-dilution. Cash swelled to $581.5M; operations used $13M but investing added $5.7M. Securities suits linger.
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