WEBTOON Entertainment Inc. - WBTN STOCK NEWS

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.

Bronstein, Gewirtz & Grossman, is investigating potential claims on behalf of WEBTOON Entertainment Inc. (NASDAQ:WBTN) stockholders. The investigation follows Webtoon's Q2 2024 financial report, released on August 8, 2024, which revealed revenue of $321 million, falling short of analysts' expectations. This announcement, coming just six weeks after the company's IPO, led to a 38.1% drop in Webtoon's stock price on the same day.

Investors who purchased Webtoon securities are encouraged to assist the investigation by visiting bgandg.com/WBTN. The law firm is offering its services on a contingency fee basis, meaning fees will only be charged if the case is successful. Bronstein, Gewirtz & Grossman, has a track record of recovering millions for investors in securities fraud class actions and shareholder derivative suits.

Bronstein, Gewirtz & Grossman, is investigating potential claims against WEBTOON Entertainment Inc. (NASDAQ: WBTN) on behalf of investors. The investigation follows WBTN's disappointing Q2 2024 financial results, reported on August 8, 2024, just six weeks after its IPO. The company's revenue of $321 million fell short of analysts' expectations, causing the stock to plummet 38.1% in a single day.

Investors who purchased WBTN securities are encouraged to participate in the investigation. The law firm is offering its services on a contingency fee basis, meaning fees will only be charged if the case is successful. Bronstein, Gewirtz & Grossman has a track record of recovering hundreds of millions for investors in securities fraud class actions.

Bronstein, Gewirtz & Grossman, is investigating potential claims against WEBTOON Entertainment Inc. (NASDAQ:WBTN) on behalf of investors. The investigation follows Webtoon's Q2 2024 financial report, released on August 8, 2024, which revealed revenue of $321 million, falling short of analysts' expectations. This announcement, coming just six weeks after the company's IPO, led to a 38.1% drop in Webtoon's stock price on the same day.

Investors who purchased Webtoon securities are encouraged to participate in the investigation. The law firm is offering its services on a contingency fee basis, meaning fees will only be charged if the case is successful. Bronstein, Gewirtz & Grossman, has a track record of recovering substantial sums for investors in securities fraud class actions and shareholder derivative suits.