Welcome to our dedicated page for WEBTOON ENTERTAINMENT news (Ticker: WBTN), a resource for investors and traders seeking the latest updates and insights on WEBTOON ENTERTAINMENT stock.
WEBTOON Entertainment Inc. (WBTN) operates at the forefront of mobile-first digital entertainment, connecting creators and audiences through innovative webcomics. This page serves as the definitive source for official announcements, financial updates, and strategic developments from the global storytelling platform.
Investors and industry observers will find curated press releases detailing earnings results, creator ecosystem expansions, and technology initiatives. Media professionals can track content licensing deals and international market entries, while creators gain insights into platform policy updates and monetization program enhancements.
All content undergoes strict verification to ensure accuracy and relevance. Regular updates provide timely information on user growth metrics, advertising partnerships, and intellectual property developments shaping the digital comics industry. Bookmark this page to efficiently monitor WEBTOON's evolving role in transforming global entertainment consumption.
WEBTOON Entertainment (WBTN) is set to participate in NAB Show 2025's Business of Entertainment Program in Las Vegas, partnering with The Ankler. CFO David J. Lee and Wattpad WEBTOON Studios Head David Madden will discuss the growing influence of webcomics in culture and Hollywood.
The panel, titled 'Hollywood's IP Gold Mine: Comics, Fandoms and Creators Building New Worlds', will take place on April 7, 2025. Key topics include emerging fandoms across genres, AI's impact on the ecosystem, and the rise of webcomic adaptations.
WEBTOON Entertainment, with approximately 160 million monthly active users, has successfully adapted content for major platforms like Netflix, Disney+, and Crunchyroll. Notable projects include Sweet Home, Through My Window, and Vigilante. The company has partnered with leading brands such as Duolingo, CAPCOM, DC Comics, and Discord to expand its reach and engage its Gen Z fanbase.
NAVER WEBTOON, a subsidiary of WEBTOON Entertainment (WBTN), has joined the Alliance for Creativity and Entertainment (ACE), marking a significant milestone as the first Korean-founded and first webcomic company member in the coalition.
WEBTOON Entertainment, headquartered in Los Angeles and listed on Nasdaq, has established itself as a major player in global entertainment through its storytelling platforms. The company operates two production studios - Wattpad WEBTOON Studios in the US and Studio N in Korea - which have successfully produced content for major streaming platforms including Netflix, Disney+, Prime Video, and Crunchyroll.
This strategic partnership aims to strengthen the fight against digital piracy, protect intellectual property rights, and support content creators in the growing webcomics industry. The collaboration will focus on detecting, deterring, and dismantling piracy ecosystems that threaten the creative economy.
WEBTOON Entertainment (Nasdaq: WBTN) has announced its participation in three major upcoming investor conferences. CFO and COO David J. Lee will represent the company at the Raymond James 46th Institutional Investors Conference (March 3, 2025, Orlando), the Morgan Stanley Technology, Media & Telecom Conference (March 5, 2025, San Francisco), and the HSBC Global Investment Summit (March 25, 2025, Hong Kong).
The Raymond James and Morgan Stanley presentations will be accessible via webcast on the company's investor relations website. WEBTOON Entertainment, with approximately 160 million monthly active users, is a global leader in mobile webcomics and visual storytelling. The company operates multiple platforms including WEBTOON, Wattpad, and various studios, partnering with major brands like Netflix, Prime Video, Discord, and DC Comics.
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.
