WEBTOON Entertainment Inc.WBTNEarnings & Financial Report
Webtoon is a South Korean-American webtoon platform launched in 2004 by Naver Corporation, providing hosting for webtoons and compact digital comics. The platform, controlled by Naver and the Naver-SoftBank Group joint venture LY Corporation through a Delaware-domiciled, Los Angeles, California-headquartered holding company Webtoon Entertainment Inc., is free and can be found both on the web at Webtoons.com and on mobile devices available for both Android and iOS.
WBTN Q3 2025 Key Financial Metrics
Revenue
$378.0M
Gross Profit
$82.8M
Operating Profit
$-14.9M
Net Profit
$-11.6M
Gross Margin
21.9%
Operating Margin
-3.9%
Net Margin
-3.1%
YoY Growth
8.7%
EPS
$-0.09
Financial Flow
WEBTOON Entertainment Inc. Q3 2025 Financial Summary
WEBTOON Entertainment Inc. reported revenue of $378.0M for Q3 2025, with a net profit of $-11.6M (-3.1% margin). Cost of goods sold was $295.3M, operating expenses totaled $97.7M.
Key Financial Metrics
| Total Revenue | $378.0M |
|---|---|
| Net Profit | $-11.6M |
| Gross Margin | 21.9% |
| Operating Margin | -3.9% |
| Report Period | Q3 2025 |
WEBTOON Entertainment Inc. Annual Revenue by Year
WEBTOON Entertainment Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $1.3B).
| Year | Annual Revenue |
|---|---|
| 2024 | $1.3B |
Income Statement
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $317.8M | $326.7M | $321.0M | $347.9M | $352.8M | $325.7M | $348.3M | $378.0M |
| YoY Growth | N/A | N/A | 0.1% | 9.5% | N/A | -0.3% | 8.5% | 8.7% |
Balance Sheet
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | N/A | N/A | $2.03B | $2.13B | $1.94B | $1.94B | $2.01B | $1.98B |
| Liabilities | N/A | N/A | $418.3M | $415.0M | $378.9M | $384.4M | $411.8M | $402.9M |
| Equity | $1.36B | $1.28B | $1.52B | $1.61B | $1.47B | $1.47B | $1.51B | $1.49B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|
| Operating CF | $23.9M | $-1.5M | $4.1M | $-18.7M | $5.7M | $16.5M |