Business
WEBTOON Entertainment Inc. Reports Third Quarter 2025 Financial Results
Delivered Adjusted EBITDA Above Midpoint of Guidance Range Third Quarter Revenue Growth of 8.7%; Revenue Growth on a Constant Currency Basis of 9.1% Net Loss
About this update from Webtoon Entertainment Inc.
[{"type":"text","content":"Delivered Adjusted EBITDA Above Midpoint of Guidance Range Third Quarter Revenue Growth of 8.7%; Revenue Growth on a Constant Currency Basis of 9.1% Net Loss of $11.1 Million; Adjusted EBITDA of $5.1 Million Strong Balance Sheet With Cash and Cash Equivalents of Approximately $584.6 Million and No Debt LOS ANGELES, Nov. 12, 2025 (GLOBE NEWSWIRE) -- WEBTOON Entertainment Inc. (Nasdaq: WBTN) (“WEBTOON Entertainment” or “the Company”), a leading global entertainment company and home to some of the world’s largest storytelling platforms, today announced results for its third quarter ended September 30, 2025. More information about these results can be found in the Company’s shareholder letter on the investor relations section of its website. Third Quarter 2025 Highlights (vs. Third Quarter 2024) Total revenue of $378.0 million increased 8.7%, driven by growth in Paid Content and IP Adaptations, partially offset by a decline in Advertising.Revenue on a constant currency basis was $379.5 million, up 9.1%, driven by growth in Paid Content and IP Adaptations, partially offset by a decline in Advertising.Net loss was $11.1 million, compared to net income of $20.0 million in the prior year, due to lower other income as well as a higher income tax expense.Adjusted EBITDA was $5.1 million, compared to Adjusted EBITDA of $28.9 million in the prior year. Adjusted EBITDA Margin was 1.4%, compared to 8.3% in the prior year.Diluted loss per share was $0.09, compared to diluted earnings per share of $0.15 in the prior year.Adjusted Earnings Per Share was $0.04, compared to Adjusted Earnings Per Share of $0.22 in the prior year.Cash and cash equivalents of approximately $584.6 million plus another $12.5 million of short-term deposits included in prepaid expenses and other current assets. Junkoo Kim, Founder and CEO, said, “We are pleased to deliver another quarter that showcased the progress we have made driving product improvements on our platform and providing a greater diversity of content. We achieved Adjusted EBITDA above the midpoint of our guidance and total revenue was up 9.1% on a constant currency basis, driven by constant currency growth in Paid Content and IP Adaptations.\" Kim continued, “We made significant progress on our strategic priorities this quarter, including the broadening of our relationship with Disney to develop an all-ne...