WEBTOON ENTERTAINMENT INC. - WBTN STOCK NEWS

WEBTOON Entertainment (WBTN) reported its Q4 and full-year 2024 financial results, showing mixed performance. Full-year revenue reached $1.35 billion, growing 5.1% year-over-year, with a robust 13.0% growth on a constant currency basis. The company posted a net loss of $152.9 million for 2024, compared to $144.8 million in 2023.

Notable highlights include Adjusted EBITDA of $67.9 million, representing a significant 685% increase year-over-year. The company maintains a strong balance sheet with $572 million in cash and cash equivalents and no debt. Q4 2024 revenue was $352.8 million, up 5.6% from Q4 2023, driven by growth in Paid Content and Advertising.

For Q1 2025, WEBTOON projects revenue growth of 1.7% - 4.8% on a constant currency basis, targeting revenue between $318-$328 million and Adjusted EBITDA of $0.5-$5.5 million.

WEBTOON Entertainment (NASDAQ: WBTN) has released preliminary Q4 and FY2024 results. For FY2024, the company reported total revenue of approximately $1.347 billion, with revenue on a constant currency basis of $1.433 billion. The company posted a net loss range of $(158) to $(152) million, but achieved Adjusted EBITDA of $67-68 million.

Q4 2024 results showed revenue of approximately $351 million ($367 million on constant currency basis), with a net loss range of $(107) to $(101) million and Adjusted EBITDA between $(4.5) to $(3.5) million. The company maintains a strong cash position of $572 million plus $26 million in short-term deposits.

Revenue grew over 12% year-over-year on a constant currency basis, while Adjusted EBITDA increased by 600% from $8.7 million in 2023 to over $67 million in 2024. However, Q4 performance was impacted by significant US dollar appreciation against Korean Won and Japanese Yen, which represent 90% of total revenue, and political turbulence in Korea affecting engagement.

WEBTOON Entertainment (NASDAQ: WBTN) announced that CFO & COO David J. Lee will deliver a keynote speech at Variety's 2025 Entertainment Summit at CES on January 8th. The fireside chat, moderated by Variety's co-editor-in-chief Cynthia Littleton, will focus on webcomics' global growth and their impact on entertainment.

The company reports 170 million monthly active users, 24 million creators, and 55 million stories across its platforms. WEBTOON's adaptations have achieved success on major streaming platforms, including Sweet Home on Netflix, Vigilante on Disney+, and Tower of God on Crunchyroll. The company collaborates with major brands like Duolingo, Ubisoft, HYBE, Atlantic Records, and DC Comics to reach Gen Z audiences.

WEBTOON Entertainment (Nasdaq: WBTN) announced its participation in two upcoming investor conferences. CFO and COO David J. Lee will represent the company at the UBS Global Technology and AI Conference on December 3, 2024, in Scottsdale, AZ (4:55 PM MT), and the Raymond James TMT and Consumer Conference on December 9, 2024, in New York, NY (9:20 AM ET).

WEBTOON, with approximately 170 million monthly active users, is a global leader in mobile webcomics and visual storytelling. The company operates multiple platforms including CANVAS UGC, Wattpad, and various studios, partnering with major platforms like Netflix, Prime Video, and DC Comics for content adaptations.

WEBTOON Entertainment has launched WEBTOON Shop, a new global online retail platform for webcomic merchandise. The shop features items from popular series like Lore Olympus, Mafia Nanny, and Sweet Home, including apparel, accessories, and household items. The launch includes official US 10th Anniversary merchandise and edition collections like the Heroes and Villains collection from Lore Olympus. The platform offers worldwide shipping and launch promotions including free gifts for the first 300 purchases and a WEBTOON coin giveaway.

WEBTOON Entertainment reported strong Q3 2024 financial results with total revenue of $347.9 million, up 9.5% year-over-year, and 13.5% growth on a constant currency basis to $360.4 million. The company achieved net income of $20 million and Adjusted EBITDA of $28.9 million, with an 8.3% margin. Growth was driven by Paid Content, Advertising, and IP Adaptations across all regions. Diluted EPS improved to $0.15 from a loss of $0.10 year prior. For Q4 2024, WEBTOON projects revenue of $375-385 million with 10.3-13.3% constant currency growth and Adjusted EBITDA of $9-14 million.

WEBTOON Entertainment Inc. (Nasdaq: WBTN) has announced it will release its third quarter 2024 financial results after market close on November 7, 2024. The company will host a conference call at 5:00 p.m. ET to discuss the results, with a live webcast available at ir.webtoon.com. The webcast recording will be accessible at the same location for up to one year.

WEBTOON Entertainment operates as a global entertainment company specializing in mobile webcomics, with approximately 170 million monthly active users. The company's ecosystem includes platforms like WEBTOON, Wattpad, and various studios, with content partnerships featuring Discord, HYBE, and DC Comics.

WEBTOON Entertainment Inc. (Nasdaq: WBTN) has appointed Soohwan Kim, CFA, as Vice President of Investor Relations. Kim will report to David J. Lee, WEBTOON's CFO & COO, and will be responsible for communicating the company's strategy and financial results to investors and analysts. This appointment comes as WEBTOON continues to expand globally and solidify its position as the leading webcomic platform with approximately 170 million monthly active users.

Kim brings over 30 years of financial experience, including roles in investor relations and fund management. He previously served as VP of Investor Relations at Ingram Micro and held similar positions at Matterport, NortonLifeLock, and Versum Materials. Kim holds an MBA from NYU's Stern School of Business and a BA in Economics from Columbia University.

WEBTOON Entertainment, a global leader in digital storytelling, is showcasing its innovative Gen Z marketing solutions at Advertising Week New York. The company has merged its North American ad business across webcomics and webnovels, creating Wattpad WEBTOON Ad Solutions. This consolidated team offers brands unique opportunities to connect with Gen Z audiences through WEBTOON and Wattpad platforms.

With a global reach of approximately 170M monthly active users, Wattpad WEBTOON Ad Solutions leverages creator-driven content and engaged communities. A proprietary survey reveals that 97% of users find WEBTOON entertaining, outperforming platforms like Roblox, Netflix, and TikTok. Additionally, 77% of users agree WEBTOON offers unique content, and 86% say it makes them feel good.

At Advertising Week, the team will host a panel titled 'Fandoms, Tropes and Reaching Gen Z Through Storytelling' and have a booth with exclusive swag giveaways and a networking lounge.