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WEBTOON Entertainment Inc.

WBTN

WEBTOON Entertainment is a global storytelling platform that revolutionizes content creation through serialized, mobile-optimized web-comics and web-novels.

Market cap
$1.48B+36.4%
Revenue$1.4B+2.3%
Net income-$333.0M-93.1%
Free cash flow-$23.7M+42.8%
EPS (diluted)-$2.55-71.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 11, 2026 (in a month)
Revenue estimate$339.4M
EPS estimate-$0.07

Financials

Q1 2026

Income statement

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Revenue$320.9M-1.5%
Gross profit$83.0M+16.0%
Operating income-$8.0M+69.8%
Net income-$9.5M+57.8%
EPS (diluted)-$0.07+58.8%

Balance sheet

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Cash & equivalents$594.9M+8.1%
Total debt$20.4M-26.8%
Total equity$1.2B-19.7%
Total assets$1.6B-17.7%

Cash flow

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Operating cash flow-$11.8M+36.5%
CapEx$3.1M+487%
Free cash flow-$15.0M+21.9%

Valuation & ratios

Valuation

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Market cap$1.48B+36.4%
Enterprise value$910.38M+60.8%
P/S1.1×+0.3×

Profitability

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Gross margin24.2%-0.2pp
Operating margin-3.3%-1.3pp
Net margin-24.2%+191pp

Returns & leverage

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Return on equity-25.2%-4,243pp
Debt / equity0.0×
Current ratio2.7×+0.1×

Segments

By product

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Paid Content$261.4M+0.5%
Advertising$39.7M-0.5%
IP Adaptations$19.8M-22.8%

By segment

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Reportable Segment$320.9M-1.5%

Competitors

Profile

WEBTOON Entertainment is a global storytelling platform that revolutionizes content creation through serialized, mobile-optimized web-comics and web-novels. The company operates a community-driven ecosystem that connects millions of creators with a massive global audience, leveraging a flywheel of engagement, fandom, and diverse monetization models. Its core value proposition lies in democratizing publishing and providing creators with multiple pathways to economic success through digital sales, advertising, and intellectual property adaptations.

Competitive position

A leading global pioneer in the web-comic format with a dominant market position in Korea and significant scale in Japan and North America.

GeographiesGlobal, Korea, Japan, North America
Customer segmentsB2C, B2B, Creators
Business modelMarketplace, Ad-supported, Micro-transactions, IP Licensing
SuppliersCloud infrastructure providers, Independent creators, Mobile app stores
CustomersIndividual readers, Advertisers, Film and TV production studios, Streaming networks

Questions, answered.

What is WEBTOON Entertainment Inc.'s market cap?
WEBTOON Entertainment Inc. (WBTN) has a market capitalization of $1.5B and trades on XNAS.
What is WEBTOON Entertainment Inc.'s revenue and profitability?
WEBTOON Entertainment Inc. generated $1.4B in trailing twelve-month revenue with a net loss of $333.0M, representing a net margin of -24.2%. Gross margin stands at 24.2%, with free cash flow of -$23.7M. These figures are based on the Q1 2026 filing.
Who are WEBTOON Entertainment Inc.'s competitors?
WEBTOON Entertainment Inc.'s key competitors include Snap, Disney, Activision Blizzard, and others. These companies compete in similar markets and product categories.
Who does WEBTOON Entertainment Inc. partner with?
WEBTOON Entertainment Inc.'s notable partners include NAVER, Netflix, Amazon MGM Studios, and others.
What subsidiaries does WEBTOON Entertainment Inc. have?
WEBTOON Entertainment Inc.'s subsidiaries include Wattpad, Line Digital Frontier, eBook Initiative Japan.
Where is WEBTOON Entertainment Inc. headquartered?
WEBTOON Entertainment Inc. is headquartered in United States of America. It has been publicly traded since 2024.