WBTN on Nasdaq

WEBTOON Entertainment Inc.

Because forward-looking statements are based on current beliefs, expectations and assumptions regarding future events, they are subject to risks, uncertainties and changes that are difficult to.3 From its latest annual report

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Last updated Oct 19, 2026.

Overview

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  • TickerWBTN on Nasdaq1
  • IndustryMiscellaneous Publishing1
  • HeadquartersEl Segundo, California1
  • Incorporated inDE2
  • Business address222 N. Pacific Coast Highway, Suite 2300, El Segundo, Ca 902452
  • Filer categoryAccelerated filer2

Because forward-looking statements are based on current beliefs, expectations and assumptions regarding future events, they are subject to risks, uncertainties and changes that are difficult to predict and many of which are outside of our control. You should realize that if underlying assumptions prove inaccurate, or known or unknown risks or uncertainties materialize, our actual results and financial condition could vary materially from expectations and projections expressed or implied in our forward-looking statements. Risks and uncertainties include:3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-4.6%Operating margin4
-25.0%Net margin4
2.5%Revenue growth, 20254
-29.6%Return on equity4
$3.6MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Paid Content brought in 79% of the revenue WEBTOON Entertainment Inc. broke down this way in fiscal 2025.

  1. Paid Content$1.1B479%up 0% from 2024
  2. Advertising$164.3M412%down 1% from 2024
  3. I P Adaptations$131.0M49%up 32% from 2024
Products and services by year
Products and services202320242025
Paid Content$1.0B$1.1B$1.1B
Advertising$145.5M$166.1M$164.3M
I P Adaptations$108.3M$99.4M$131.0M

Regions

Japan brought in 49% of the revenue WEBTOON Entertainment Inc. broke down this way in fiscal 2025.

  1. Japan$681.8M449%up 5% from 2024
  2. South Korea$522.0M438%up 1% from 2024
  3. Rest of the World$178.9M413%down 2% from 2024
Regions by year
Regions202320242025
Japan$557.3M$648.2M$681.8M
South Korea$566.4M$517.5M$522.0M
Rest of the World$159.0M$182.7M$178.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue77¢$1.1B
  • Other costs22¢$306.2M
  • Income tax1¢$16.0M

Out of $1.4B in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending68¢$7.6M
  • Kept or used elsewhere32¢$3.6M

Out of $11.2M of cash from operations.4

Financial statements

Revenue54$1.4B in 2025+28% since 2022
0$500.0M$1.0B$1.5B2022: $1.1B$1.1B20222023: $1.3B$1.3B2023+19%2024: $1.3B$1.3B2024+5%2025: $1.4B$1.4B2025+3%
Operating income54-$63.5M in 2025−45% since 2022
-$150.0M-$100.0M-$50.0M02022: -$114.7M-$114.7M20222023: -$36.4M-$36.4M2023−68%2024: -$100.7M-$100.7M2024+177%2025: -$63.5M-$63.5M2025−37%
Net income54-$345.9M in 2025+166% since 2022
-$400.0M-$300.0M-$200.0M-$100.0M02022: -$129.9M-$129.9M20222023: -$116.5M-$116.5M2023−10%2024: -$143.9M-$143.9M2024+24%2025: -$345.9M-$345.9M2025+140%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Revenue$1.4B$1.3B$1.3B
Marketing-$126.1M-$107.8M-$121.1M
Operating Loss-$63.5M-$100.7M-$36.4M
Interest income$19.2M$15.8M$3.0M
Interest expense-$56.0K-$45.0K-$79.0K
Impairment losses on goodwill and other intangible assets, net-$336.5M-$69.7M-$63.4M
Gain (loss) on equity method investments, net$1.3M-$1.1M-$12.3M
Other income (loss), net-$9.8M$6.5M-$23.6M
Loss before income tax-$389.4M-$149.3M-$132.8M
Income tax benefit (expense)$16.0M-$3.6M-$12.0M
Net loss-$373.4M-$152.9M-$144.8M
Net income (loss) attributable to WEBTOON Entertainment Inc.-$345.9M-$143.9M-$116.5M
Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests-$27.5M-$9.0M-$28.3M
Foreign currency translation adjustments, net of tax$9.8M-$71.9M-$17.3M
Share of other comprehensive income (loss) of equity method investments, net of tax$896.0K-$94.0K-$906.0K
Total other comprehensive loss, net of tax$10.7M-$72.0M-$18.2M
Total comprehensive loss-$362.7M-$224.9M-$162.9M
Total comprehensive loss attributable to WEBTOON Entertainment Inc.-$335.7M-$213.7M-$134.6M
Total comprehensive loss attributable to non-controlling interests and redeemable non-controlling interests-$27.0M-$11.2M-$28.3M
Basic (in shares)130.2M shares119.2M shares109.5M shares
Diluted (in shares)130.2M shares119.2M shares109.5M shares
Basic (in usd per share)-$2.66-$1.21-$1.06
Diluted (in usd per share)-$2.66-$1.21-$1.06
Cost of revenue$1.1B$1.0B$987.3M
General and administrative expenses$259.5M$332.0M$210.8M

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Leadership

Who has led WEBTOON Entertainment Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (11)

Filings

125 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 22 major events, 58 insider forms, 5 large holders, 31 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 5, 20268-K EDGAR
  3. Aug 10, 202610-Q EDGAR
  4. Aug 10, 20268-K EDGAR
  5. Aug 3, 20264 EDGAR
  6. Jul 13, 20264 EDGAR
  7. Jun 4, 20268-K EDGAR
  8. May 29, 20264 EDGAR
  9. May 11, 202610-Q EDGAR
  10. May 11, 20268-K EDGAR
  11. May 6, 2026SCHEDULE 13G/A EDGAR
  12. May 4, 20264 EDGAR
  13. Apr 27, 20264 EDGAR
  14. Apr 27, 20264 EDGAR
  15. Apr 22, 2026ARS EDGAR
  16. Apr 22, 2026DEFA14A EDGAR
  17. Apr 22, 2026DEF 14A EDGAR
  18. Apr 16, 20263 EDGAR
  19. Apr 16, 20264 EDGAR
  20. Apr 13, 20268-K EDGAR

The 125 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

9 open-market trades by officers, directors and large owners since October 2021: 9 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 20, 2025Kim JunkooSee RemarksBuy11,419$8.81$100.6KForm 4
Mar 19, 2025Kim JunkooSee RemarksBuy11,372$8.73$99.3KForm 4
Feb 28, 2025Lee David J.See RemarksBuy7,205$9.00$64.8KForm 4
Aug 21, 2024Kim NamsunDirectorBuy7,195$13.90$100.0KForm 4
Aug 19, 2024Kim JunkooSee RemarksBuy18,935$12.74$241.3KForm 4
Aug 16, 2024Kim JunkooSee RemarksBuy22,596$11.88$268.4KForm 4
Aug 15, 2024Lee David J.See RemarksBuy8,000$13.00$104.0KForm 4
Aug 14, 2024Kim YongsooSee RemarksBuy7,800$12.92$100.8KForm 4
Aug 14, 2024Lee David J.See RemarksBuy7,722$12.93$99.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 99. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Softbank Group Corp.31,432,480$359.0M2.0%No change
Fmr LLC15,284,401$174.5M0.0%+173,309
BlackRock, Inc.1,893,919$21.6M0.0%+398,942
Morgan Stanley1,416,418$16.2M0.0%+115,540
Ameriprise Financial Inc1,088,234$12.4M0.0%+129,269
Geode Capital Management, LLC640,012$7.3M0.0%+70,688
ExodusPoint Capital Management, LP433,296$4.9M0.0%+69,456
State Street Corp425,312$4.9M0.0%+9,715
Creative Planning321,954$3.7M0.0%+104,695
Millennium Management LLC270,704$3.1M0.0%−181,986
Northern Trust Corp257,222$2.9M0.0%+121,715
Vanguard Capital Management LLC228,068$2.6M0.0%+20,079
Jpmorgan Chase & Co163,717$2.0M0.0%−10,322
Charles Schwab Investment Management Inc157,331$1.8M0.0%+8,376
Aqr Capital Management LLC146,837$1.7M0.0%+23,858
Vanguard Portfolio Management LLC143,375$1.6M0.0%−10,671
Goldman Sachs Group Inc131,266$1.5M0.0%−397,712
UBS Group AG115,966$1.3M0.0%+66,714
American Century Companies Inc115,377$1.3M0.0%+15,879
Vanguard Fiduciary Trust Co110,893$1.3M0.0%+9,884
Invesco Ltd.69,632$795.2K0.0%+8,087
Nuveen, LLC66,359$757.8K0.0%+44,083
Bank of New York Mellon Corp47,585$543.4K0.0%+6,592
PCM Encore, LLC47,557$543.1K0.1%New
Bank Of America Corp /de/41,173$470.2K0.0%+22,718

13F reports cover disclosed long positions in U.S. stocks only.