WEBTOON Entertainment Inc.

For the period ended Jun 30, 2025. Filed Aug 13, 2025.

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.

Jun 30, 2025 · Filed Aug 13, 2025

WBTN$9.92-0.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

	Three Months Ended		Six Months Ended
	June 30, 2025	June 30, 2024	June 30, 2025	June 30, 2024
Revenue1	$348,271	$320,972	$673,978	$647,716
Cost of revenue2	(260,992)	(237,915)	(515,088)	(482,300)
Marketing3	(31,070)	(23,448)	(62,613)	(42,926)
General and administrative expenses4	(64,972)	(138,705)	(131,674)	(187,398)
Operating income (loss)	(8,763)	(79,096)	(35,397)	(64,908)
Interest income	4,910	2,043	10,023	3,278
Interest expense	(2)	(11)	(4)	(44)
Income (loss) on equity method investments, net	507	120	(62)	(932)
Other income (loss), net5	(1,367)	2,283	1,303	846
Income (loss) before income tax	(4,715)	(74,661)	(24,137)	(61,760)
Income tax benefit (expense)	832	(1,907)	(1,715)	(8,575)
Net income (loss)	$(3,883)	$(76,568)	$(25,852)	$(70,335)
Net income (loss) attributable to WEBTOON Entertainment Inc.	(4,326)	(76,885)	(26,715)	(70,693)
Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests	443	317	863	358
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	41,120	(20,486)	47,692	(49,175)
Share of other comprehensive income (loss) of equity method investments, net of tax	568	—	425	(9)
Total other comprehensive income (loss), net of tax	41,688	(20,486)	48,117	(49,184)
Total comprehensive income (loss)	$37,805	$(97,054)	$22,265	$(119,519)
Total comprehensive income (loss) attributable to WEBTOON Entertainment Inc.	35,802	(97,371)	19,803	(119,877)
Total comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests	2,003	317	2,462	358
Weighted average shares outstanding
Basic	130,358,706	110,102,868	129,980,922	109,804,009
Diluted	130,358,706	110,102,868	129,980,922	109,804,009
Income (loss) per share attributable to WEBTOON Entertainment Inc.
Basic	$(0.03)	$(0.70)	$(0.21)	$(0.64)
Diluted	$(0.03)	$(0.70)	$(0.21)	$(0.64)

Includes amounts earned from related parties of $18,278 and $20,880 for the three months ended June 30, 2025 and June 30, 2024, respectively, and $35,991 and $34,167 for the six months ended June 30, 2025 and June 30, 2024, respectively. (See Note 12. Related Party Transactions)
Includes amounts incurred from related parties of $28,399 and $31,508 for the three months ended June 30, 2025 and June 30, 2024, respectively, and $56,530 and $40,462 for the six months ended June 30, 2025 and June 30, 2024, respectively. (See Note 12. Related Party Transactions)
Includes amounts incurred from related parties of $(2,870) and $(1,036) for the three months ended June 30, 2025 and June 30, 2024, respectively, and $(5,451) and $(2,941) for the six months ended June 30, 2025 and June 30, 2024, respectively. (See Note 12. Related Party Transactions)
Includes amounts incurred from related parties of $7,023 and $7,953 for the three months ended June 30, 2025 and June 30, 2024, respectively, and $13,936 and $14,381 for the six months ended June 30, 2025 and June 30, 2024, respectively. (See Note 12. Related Party Transactions)
Includes amounts earned from related parties of $424 and $2,885 for the three months ended June 30, 2025 and June 30, 2024, respectively, and $835 and $2,679 for the six months ended June 30, 2025 and June 30, 2024, respectively. (See Note 12. Related Party Transactions)

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