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Midas Edge

WEBTOON Entertainment Inc.

For the period ended Mar 31, 2025. Filed May 14, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 14, 2025

WBTN$9.93+2.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Balance Sheets

As of
March 31,2025December 31,2024
Assets
Current assets:
Cash and cash equivalents$550,136$572,402
Receivables1, net of allowance for credit losses of $3,774 and $3,418 at March 31, 2025 and December 31, 2024, respectively173,710169,187
Prepaid expenses and other current assets, net296,40494,783
Total current assets820,250836,372
Property and equipment, net3,8263,782
Operating lease right-of-use assets26,97316,649
Debt and equity securities73,12470,178
Intangible assets, net177,575180,912
Goodwill, net669,254665,275
Equity method investments78,95878,668
Deferred tax assets17,39017,592
Other non-current assets, net369,56065,906
Total assets$1,936,910$1,935,334
Liabilities and equity
Current liabilities:
Accounts payable4$132,582$127,306
Accrued expenses558,93762,209
Current portion of operating lease liabilities68,0076,053
Contract liabilities85,69685,860
Income tax payables - corporate tax7,14010,093
Consumption taxes payables5,0148,339
Provisions and defined pension benefits11,95411,133
Other current liabilities2,9172,231
Total current liabilities312,247313,224
Non-current liabilities:
Long-term operating lease liabilities719,80511,187
Defined severance benefits22,18422,030
Deferred tax liabilities28,68030,271
Other non-current liabilities1,4422,161
Total liabilities$384,358$378,873
Commitments and Contingencies (Note 6)
Redeemable non-controlling interest in subsidiary$36,784$36,580
Stockholders' equity:
Common stock, $0.0001 par value (2,000,000,000 authorized, 130,172,281 shares and 128,587,944 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively)$13$13
Additional paid-in capital2,115,3502,103,931
Accumulated other comprehensive loss(118,230)(124,620)
Accumulated deficit(529,586)(507,197)
Total stockholders' equity attributable to WEBTOON Entertainment Inc.1,467,5471,472,127
Non-controlling interests in consolidated subsidiaries48,22147,754
Total equity1,515,7681,519,881
Total liabilities, redeemable non-controlling interest, and equity$1,936,910$1,935,334

  1. Includes amounts due from related parties of $56,859 and $59,495 as of March 31, 2025, and December 31, 2024, respectively. (See Note 12. Related Party Transactions)

  2. Includes amounts due from related parties of $7,290 and $9,258 as of March 31, 2025, and December 31, 2024, respectively. (See Note 12. Related Party Transactions)

  3. Includes amounts due from related parties of $32,325 and $32,072 as of March 31, 2025, and December 31, 2024, respectively. (See Note 12. Related Party Transactions)

  4. Includes amounts due to related parties of $16,935 and $17,173 as of March 31, 2025, and December 31, 2024, respectively. (See Note 12. Related Party Transactions)

  5. Includes amounts due to related parties of $7,750 and $5,562 as of March 31, 2025, and December 31, 2024, respectively.

  6. Includes amounts due to related parties of $4,460 and $3,506 as of March 31, 2025, and December 31, 2024, respectively. (See Note 12. Related Party Transactions)

  7. Includes amounts due to related parties of $8,178 and $9,519 as of March 31, 2025, and December 31, 2024, respectively. (See Note 12. Related Party Transactions)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.