WBTN

MKT CAP:$1B

WEBTOON Entertainment Inc. Common stock

Market Cap

$1B

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$12.20-$1.01 (-7.65%)

Apr 17, 2026

Company Details

WEBTOON Entertainment Inc. operates a storytelling platform worldwide. The company's platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including ...

CEO

Junkoo Kim

IPO Date

Jun 27, 2024

Website

www.webtoon.com

Key Metrics TTM

Revenue

$1.3B

— YoY

Net Income

-$183M

EPS (Diluted)

-$1.44

Free Cash Flow

$8M

Revenue / Share

$9.65

Gross Margin

21.8%

Operating Margin

-14.6%

Net Margin

-14.5%

FCF Margin

0.6%

P/S

1.2x

P/E

—

Earnings Reports

Q4 2025

May 12, 2026

PENDING

FY 2025

Nov 13, 2025

$378M+17.8%EPS -$0.09

Q3 2025

Nov 13, 2025

$378MEPS -$0.09

FY 2024

Aug 12, 2024

$321MEPS -$0.61

Q2 2024

Aug 12, 2024

$321MEPS -$0.61

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$233M	$64M	-$21M
Q2 22	$289M	$101M	-$1M
Q3 22	$284M	$42M	-$80M
Q4 22	$274M	$66M	-$13M
Q2 24	$321M	$83M	-$79M
Q3 25	$378M	$83M	-$12M

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	1.4x	—
Q2 24	1.3x	—
Q3 25	1.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 24	-$1M	-$4M
Q3 25	$17M	$12M

Capital Expenditures

Quarter	CapEx
Q2 24	$2M
Q3 25	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 24	+37.9%	+57.3%
Q3 25	+30.9%	+34.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 24	$55M	17.2%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	—	—	$85M
Q2 22	—	—	$102M
Q3 22	—	—	$122M
Q4 22	—	—	$79M
Q2 24	$139M	$23M	—
Q3 25	—	—	$95M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	—	-12.3%	—
Q2 22	—	4.8%	—
Q3 22	—	-21.3%	—
Q4 22	—	-2.5%	—
Q2 24	37.9%	-20.5%	17.4
Q3 25	30.9%	-0.7%	30.2

Rule of 40

Revenue by Geography

Quarter	Japan	Korea, Republic Of	Rest Of The World
Q3 25	$180M	$153M	$46M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$232M	$20M	$252M
Q1 24	$219M	$0	$219M
Q2 24	$572M	$23M	$595M
Q3 24	$586M	$25M	$610M
Q4 24	$572M	$26M	$599M
Q1 25	$550M	$28M	$578M
Q2 25	$582M	$12M	$594M
Q3 25	$585M	$0	$585M
Q4 25	$582M	$0	$582M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	127M	—	—
Q2 22	127M	0.0%	—
Q3 22	127M	0.0%	—
Q4 22	127M	0.0%	—
Q2 24	127M	-0.1%	-0.1%
Q3 25	130M	+2.6%	+2.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q2 24	—	—
Q3 25	$210.0K	2K

Revenue / Employee