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WEBTOON Entertainment Inc. (WBTN) is a leading digital comics platform that revolutionizes the way people consume comic content. The company provides a diverse range of webcomics spanning various genres such as romance, action, fantasy, and drama, appealing to a global audience. With its user-friendly interface, WEBTOON allows creators from around the world to publish their works, fostering a vast and vibrant community of comic enthusiasts.
Founded with the mission to democratize comic publishing, WEBTOON has grown exponentially, offering thousands of titles to millions of readers each day. The company's innovative mobile-first approach ensures that users can enjoy their favorite stories anytime, anywhere.
Recent Achievements and Projects:
- Expansion into new international markets to increase global reach.
- Partnerships with major entertainment companies to adapt popular webcomics into movies and TV series.
- Launch of new interactive features to enhance user experience and engagement.
Financial Condition: WEBTOON Entertainment Inc. continues to show strong financial performance, driven by its subscription-based revenue model and growing user base. The company consistently invests in marketing and technology to maintain its competitive edge.
With a commitment to supporting and promoting talented creators, WEBTOON remains at the forefront of the digital comics industry, continually innovating and expanding its offerings to delight readers worldwide.
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.
Bronstein, Gewirtz & Grossman, is investigating potential claims against WEBTOON Entertainment Inc. (NASDAQ:WBTN) on behalf of shareholders. The investigation follows Webtoon's disappointing Q2 2024 financial report, released 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 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 hundreds of millions of dollars for investors in securities fraud class actions and shareholder derivative suits.
WEBTOON Entertainment Inc. (Nasdaq: WBTN), a leading global entertainment company, announced its participation in upcoming investor conferences. CFO and COO David J. Lee will attend the Deutsche Bank 2024 Technology Conference on August 28, 2024, in Dana Point, CA, and the Goldman Sachs Communacopia + Technology Conference on September 10, 2024, in San Francisco, CA.
Lee will participate in a fireside chat at 10:10am PT/1:10pm ET during the Goldman Sachs conference, with a live webcast available on the company's Investor Relations website. WEBTOON Entertainment is known for pioneering the mobile webcomic format and has approximately 170 million monthly active users. The company's ecosystem includes platforms like WEBTOON, Wattpad, and various studios, with adaptations available on major streaming services.
WEBTOON Entertainment Inc. (WBTN) reported Q2 2024 financial results with flat revenue of $321.0 million, but 11.1% growth on a constant currency basis. The company faced a net loss of $76.6 million, primarily due to one-time IPO costs and stock-based compensation expenses. However, Adjusted EBITDA reached $22.4 million, marking the second consecutive quarter of profitability.
Key highlights include:
- Paid Content revenue grew 1.0% (11.5% constant currency)
- Advertising revenue declined 3.6% (2.3% growth constant currency)
- IP Adaptations revenue declined 3.7% (24.9% growth constant currency)
- Monthly Active Users (MAU) slightly decreased to 166.3 million
- Monthly Paying Users (MPU) remained stable at 7.8 million
- Adjusted EPS improved to $0.20 from a loss of $0.01 in Q2 2023
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