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WBTN

WEBTOON Entertainment Inc. Common stock

WBTN

WEBTOON Entertainment Inc. Common stock • NASDAQ
$13.91 ▲ 2.28% (+0.31)
Market Cap $1.82 B
52w High $22.47
52w Low $6.75
Dividend Yield 0%
P/E -13
Volume 222.34K
Outstanding Shares 130.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $378.041M ▲ $94.968M ▼ $-11.647M ▼ -3.081% ▼ $-0.089 ▼ $-2.474M ▼
Q2-2025 $348.271M ▲ $96.042M ▼ $-4.326M ▲ -1.242% ▲ $-0.033 ▲ $3.694M ▲
Q1-2025 $325.707M ▼ $98.245M ▼ $-22.476M ▲ -6.901% ▲ $-0.17 ▲ $-10.983M ▲
Q4-2024 $352.847M ▲ $109.977M ▲ $-92.965M ▼ -26.347% ▼ $-0.72 ▼ $-85.513M ▼
Q3-2024 $347.915M $99.466M $19.753M 5.678% $0.15 $20.09M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $584.575M ▼ $1.978B ▼ $402.935M ▼ $1.488B ▼
Q2-2025 $593.644M ▲ $2.01B ▲ $411.802M ▲ $1.511B ▲
Q1-2025 $578.276M ▼ $1.937B ▲ $384.358M ▲ $1.468B ▼
Q4-2024 $598.73M ▼ $1.935B ▼ $378.873M ▼ $1.472B ▼
Q3-2024 $610.359M $2.126B $415.033M $1.615B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-11.647M ▼ $16.529M ▲ $-10.74M ▼ $1.178M ▲ $3.029M ▼ $11.842M ▲
Q2-2025 $-3.883M ▲ $5.701M ▲ $13.739M ▲ $147K ▲ $31.41M ▲ $3.94M ▲
Q1-2025 $-21.969M ▲ $-18.652M ▼ $-8.028M ▼ $82K ▼ $-22.266M ▼ $-19.188M ▼
Q4-2024 $-102.563M ▼ $-8.656M ▼ $-6.046M ▼ $199K ▼ $-13.114M ▼ $-12.814M ▼
Q3-2024 $20.221M $4.145M $-3.924M $17.615M $13.211M $502K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Advertising
Advertising
 $80.00M ▲$40.00M ▼$50.00M ▲$40.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily, showing that the platform continues to attract more users and monetization over time. However, the company is still losing money overall. Gross profit is healthy for a digital platform, but spending on content, marketing, and technology keeps operating income and net income in negative territory. Losses had been narrowing, then ticked back up recently, which suggests the company is still balancing growth investments against the push toward profitability. Overall, this looks like a scale‑up business with solid top-line momentum but no clear, sustained profit yet.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative for a tech content platform. Cash levels have moved up, and the company carries very little debt, which means it has flexibility and a cushion to keep investing in growth. Equity has been trending upward again, indicating that, despite ongoing losses, the overall financial base remains solid. Asset levels are fairly steady, suggesting no aggressive, high-risk expansion on the capital side. In short, the company appears funded to keep executing its strategy without obvious balance-sheet strain in the near term.

Cash Flow

Cash Flow Cash flow has improved meaningfully. The business was burning cash from operations but has recently shifted to slightly positive operating cash flow, which means the core platform is close to funding itself day-to-day. Free cash flow is roughly at breakeven, helped by modest capital spending. This is a positive sign for sustainability, but the margin for error is still thin: any slowdown in growth or uptick in spending could push cash flow negative again. Still, the trend is toward better cash discipline and more self-sufficiency.

Competitive Edge

Competitive Edge WEBTOON sits in a strong niche at the intersection of mobile apps, creator platforms, and entertainment IP. Its key strengths are a large global audience, a deep pool of creators, and a huge catalog of original stories that can be reused across comics, shows, films, and merchandise. The platform benefits from classic network effects: more readers attract more creators, which attract even more readers. Its brand is well known in digital comics, and partnerships with major entertainment companies amplify that strength. On the risk side, WEBTOON faces competition from other webcomic platforms, broader creator platforms, and big streaming and social media companies that also want user attention and IP. It also depends heavily on a steady pipeline of hit series to keep engagement and monetization strong.

Innovation and R&D

Innovation and R&D Innovation is a central part of WEBTOON’s strategy. The company redefined mobile comics with its vertical scroll format and continues to invest in personalization algorithms so readers can easily discover new stories. It is building creator-focused AI tools to speed up artwork and production, which, if widely adopted, could lower costs and increase content volume. WEBTOON is also experimenting with new formats and technologies, including potential AR/VR experiences, and is using data to guide which stories to promote or adapt. These efforts could deepen its moat, but they also carry execution risk: tools must be genuinely useful for creators, and experiments must translate into sustained user engagement and monetization.

Summary

WEBTOON is a growth-focused digital entertainment company with rising revenue, an improving cash-flow profile, and a relatively conservative balance sheet backed by strong net cash and low debt. It has built a compelling competitive position around a powerful creator ecosystem, a large global audience, and a valuable library of original IP that feeds into films, series, and other media. At the same time, the business is still loss-making, with profitability not yet firmly established, and it operates in a highly competitive, hit-driven industry. The long-term story hinges on whether WEBTOON can keep scaling its audience, deepen monetization, and convert its innovation and transmedia strategy into durable, consistent earnings while maintaining financial discipline.

NEWS

November 20, 2025 · 10:27 PM UTC

Grabar Law Office Investigates Claims on Behalf of Shareholders of Webtoon Entertainment Inc. (WBTN) As Securities Fraud Class Action Survives Motion to Dismiss

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November 13, 2025 · 5:00 AM UTC

WEBTOON Entertainment Inc. to Participate in Upcoming Investor Conferences

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November 12, 2025 · 4:05 PM UTC

WEBTOON Entertainment Inc. Reports Third Quarter 2025 Financial Results

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November 12, 2025 · 4:01 PM UTC

Warner Bros. Animation and WEBTOON Entertainment Announce Strategic Partnership to Adapt Hit Webcomics

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October 28, 2025 · 4:05 PM UTC

WEBTOON Entertainment Inc. to Report Third Quarter 2025 Financial Results on November 12, 2025

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