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. (Nasdaq: WBTN) generates a steady flow of news as a global entertainment company and pioneer of the mobile webcomic format. As home to some of the world’s largest storytelling platforms, including WEBTOON and Wattpad, the company regularly issues updates on its creator programs, product features, partnerships, and financial performance.
News about WEBTOON Entertainment often covers creator-focused initiatives, such as the expansion of its Creator Programs and the launch of a Creator Residency for WEBTOON Originals. These announcements detail new monetization tools for CANVAS creators, creator support resources, and event participation that help storytellers build sustainable careers on the platform.
Investors and followers can also expect earnings-related news, including quarterly financial results, shareholder letters, and outlook commentary. These releases discuss revenue trends across Paid Content, Advertising, and IP Adaptations, along with non-GAAP metrics like Adjusted EBITDA and revenue on a constant currency basis.
Another key news theme is strategic partnerships and content expansion. WEBTOON Entertainment has announced plans to co-develop animated projects with Warner Bros. Animation, and it has disclosed non-binding term sheets with The Walt Disney Company for a new digital comics platform and a proposed minority equity investment. Additional coverage highlights short-form video features such as Video Episodes and Cuts, as well as appearances at industry events like Advertising Week New York and the Fast Company Innovation Festival.
By following WBTN news, readers can track how WEBTOON Entertainment evolves its platforms, supports creators, and collaborates with major media and entertainment partners. This page brings together company press releases and market-moving updates in one place.
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.
WEBTOON Entertainment Inc. (Nasdaq: WBTN) has appointed Soohwan Kim, CFA, as Vice President of Investor Relations. Kim will report to David J. Lee, WEBTOON's CFO & COO, and will be responsible for communicating the company's strategy and financial results to investors and analysts. This appointment comes as WEBTOON continues to expand globally and solidify its position as the leading webcomic platform with approximately 170 million monthly active users.
Kim brings over 30 years of financial experience, including roles in investor relations and fund management. He previously served as VP of Investor Relations at Ingram Micro and held similar positions at Matterport, NortonLifeLock, and Versum Materials. Kim holds an MBA from NYU's Stern School of Business and a BA in Economics from Columbia University.
WEBTOON Entertainment, a global leader in digital storytelling, is showcasing its innovative Gen Z marketing solutions at Advertising Week New York. The company has merged its North American ad business across webcomics and webnovels, creating Wattpad WEBTOON Ad Solutions. This consolidated team offers brands unique opportunities to connect with Gen Z audiences through WEBTOON and Wattpad platforms.
With a global reach of approximately 170M monthly active users, Wattpad WEBTOON Ad Solutions leverages creator-driven content and engaged communities. A proprietary survey reveals that 97% of users find WEBTOON entertaining, outperforming platforms like Roblox, Netflix, and TikTok. Additionally, 77% of users agree WEBTOON offers unique content, and 86% say it makes them feel good.
At Advertising Week, the team will host a panel titled 'Fandoms, Tropes and Reaching Gen Z Through Storytelling' and have a booth with exclusive swag giveaways and a networking lounge.
WEBTOON Entertainment Inc. (Nasdaq: WBTN), a leading global entertainment company, announced its participation in upcoming investor conferences. CFO and COO David J. Lee will attend the Deutsche Bank 2024 Technology Conference on August 28, 2024, in Dana Point, CA, and the Goldman Sachs Communacopia + Technology Conference on September 10, 2024, in San Francisco, CA.
Lee will participate in a fireside chat at 10:10am PT/1:10pm ET during the Goldman Sachs conference, with a live webcast available on the company's Investor Relations website. WEBTOON Entertainment is known for pioneering the mobile webcomic format and has approximately 170 million monthly active users. The company's ecosystem includes platforms like WEBTOON, Wattpad, and various studios, with adaptations available on major streaming services.
WEBTOON Entertainment Inc. (WBTN) reported Q2 2024 financial results with flat revenue of $321.0 million, but 11.1% growth on a constant currency basis. The company faced a net loss of $76.6 million, primarily due to one-time IPO costs and stock-based compensation expenses. However, Adjusted EBITDA reached $22.4 million, marking the second consecutive quarter of profitability.
Key highlights include:
- Paid Content revenue grew 1.0% (11.5% constant currency)
- Advertising revenue declined 3.6% (2.3% growth constant currency)
- IP Adaptations revenue declined 3.7% (24.9% growth constant currency)
- Monthly Active Users (MAU) slightly decreased to 166.3 million
- Monthly Paying Users (MPU) remained stable at 7.8 million
- Adjusted EPS improved to $0.20 from a loss of $0.01 in Q2 2023
WEBTOON Entertainment Inc. (Nasdaq: WBTN), a leading global entertainment company, has announced its plan to report second quarter 2024 financial results on August 8, 2024, after market close. The company will host a conference call at 5:00 p.m. ET to review the results, with a live webcast available at https://ir.webtoon.com/. WEBTOON Entertainment, known for pioneering the mobile webcomic format, boasts approximately 170 million monthly active users as of Q1 2024. The company's ecosystem includes platforms like WEBTOON, Wattpad, and various studios, with adaptations available on major streaming services and partnerships with industry giants like Discord, HYBE, and DC Comics.
WEBTOON Entertainment has announced the pricing of its initial public offering (IPO) with 15,000,000 shares of common stock available at $21.00 per share. The IPO is expected to generate approximately $315 million in gross proceeds, with an additional $50 million through a separate issuance to NAVER Shares will start trading on Nasdaq under the ticker symbol 'WBTN' on June 27, 2024, with the offering closing the next day. Leading financial institutions like Goldman Sachs and Morgan Stanley are managing the offering. The underwriters have a 30-day option to purchase an additional 2,250,000 shares. A registration statement has been filed with the SEC and declared effective on June 26, 2024.