WEBTOON Entertainment Inc.
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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$9.92-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands of USD)
| For the Three Months Ended | ||
|---|---|---|
| March 31, 2025 | March 31, 2024 | |
| Operating activities: | ||
| Net Income (Loss) | $(21,969) | $6,233 |
| Adjustments to reconcile net loss to cash provided by operating activities: | ||
| Allowance for credit losses | 443 | 660 |
| Depreciation and amortization | 8,437 | 9,035 |
| Operating lease expense | 1,985 | 2,794 |
| Loss (gain) on foreign currency, net | (2,793) | 2,601 |
| Deferred tax expense | (1,143) | (1,012) |
| Loss (Gain) on debt and equity securities, net | 930 | (3,371) |
| Loss on equity method investments, net | 569 | 1,052 |
| Contingent consideration liability | — | (849) |
| Stock-based compensation | 18,253 | 1,311 |
| Other non-cash items | (795) | 1,540 |
| Changes in operating assets and liabilities | ||
| Changes in receivables | 750 | (11,716) |
| Changes in other assets | (2,250) | (5,634) |
| Changes in accounts payable | (2,801) | 16,333 |
| Changes in accrued expenses | (15,342) | (13,466) |
| Changes in contract liabilities | (1,450) | 24,131 |
| Changes in other liabilities | (700) | (3,291) |
| Changes in operating lease liabilities | (1,240) | (2,503) |
| Transfer of severance benefits | 464 | 8 |
| Net cash provided by (used in) operating activities | $(18,652) | $23,856 |
| Investing activities: | ||
| Proceeds from maturities of short-term investments | 3,446 | 1,129 |
| Proceeds from sale of property and equipment | 77 | — |
| Purchases of property and equipment | (536) | (472) |
| Purchases of debt and equity securities | (3,789) | 5 |
| Payment made for short-term investments | (4,824) | (20,000) |
| Payment made for loan receivable | (207) | (98) |
| Purchases of intangible assets | (2,444) | (2,590) |
| Purchases of equity method investments | — | (5,478) |
| Disposal of businesses, net of cash disposed | — | (358) |
| Other investing activities | 249 | 46 |
| Net cash provided by (used in) investing activities | $(8,028) | $(27,816) |
| Financing activities: | ||
| Proceeds from stock option exercise | 82 | — |
| Repayments of short-term borrowings | — | (15) |
| Payment of contingent consideration related to business acquisition | — | (842) |
| Net cash provided by (used in) financing activities | $82 | $(857) |
| Effect of exchange rate changes on cash and cash equivalents | 4,332 | (8,258) |
| Cash and cash equivalents: | ||
| Net increase (decrease) in cash and cash equivalents | (22,266) | (13,075) |
| Cash and cash equivalents at beginning of the year | 572,402 | 231,745 |
|---|---|---|
| Cash and cash equivalents at end of the year | $550,136 | $218,670 |
| Supplemental disclosure: | ||
| Income taxes paid | $6,826 | $11,785 |
| Reclassification of long-term advances to current | $(28,973) | $— |
| Increase in right-of-use assets recognized from new lease agreements | $12,007 | $— |
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