WEBTOON Entertainment Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 2025
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | |
| Revenue1 | $378,041 | $347,915 | $1,052,019 | $995,631 |
| Cost of revenue2 | (295,267) | (256,534) | (810,355) | (738,834) |
| Marketing3 | (35,166) | (32,719) | (97,779) | (75,645) |
| General and administrative expenses4 | (62,486) | (66,747) | (194,160) | (254,145) |
| Operating income (loss) | (14,878) | (8,085) | (50,275) | (72,993) |
| Interest income | 4,638 | 6,512 | 14,661 | 9,790 |
| Interest expense | (2) | — | (6) | (44) |
| Income (loss) on equity method investments, net | 1,709 | (138) | 1,647 | (1,070) |
| Other income (loss), net5 | (1,891) | 11,798 | (588) | 12,644 |
| Income (loss) before income tax | (10,424) | 10,087 | (34,561) | (51,673) |
| Income tax benefit (expense) | (626) | 9,899 | (2,341) | 1,324 |
| Net income (loss) | $(11,050) | $19,986 | $(36,902) | $(50,349) |
| Net income (loss) attributable to WEBTOON Entertainment Inc. | (11,647) | 19,753 | (38,362) | (50,940) |
| Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests | 597 | 233 | 1,460 | 591 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments, net of tax | (21,116) | 39,570 | 26,576 | (9,605) |
| Share of other comprehensive income (loss) of equity method investments, net of tax | 274 | (140) | 699 | (149) |
| Total other comprehensive income (loss), net of tax | (20,842) | 39,430 | 27,275 | (9,754) |
| Total comprehensive income (loss) | $(31,892) | $59,416 | $(9,627) | $(60,103) |
| Total comprehensive income (loss) attributable to WEBTOON Entertainment Inc. | (31,792) | 59,183 | (11,989) | (60,694) |
| Total comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests | (100) | 233 | 2,362 | 591 |
| Weighted average shares outstanding | ||||
| Basic | 130,644,101 | 128,327,971 | 130,204,411 | 116,023,733 |
| Diluted | 130,644,101 | 130,817,876 | 130,204,411 | 116,023,733 |
| Income (loss) per share attributable to WEBTOON Entertainment Inc. | ||||
| Basic | $(0.09) | $0.15 | $(0.30) | $(0.44) |
| Diluted | $(0.09) | $0.15 | $(0.30) | $(0.44) |
Includes amounts earned from related parties of $17,029 and $21,744 for the three months ended September 30, 2025, and September 30, 2024, respectively, and $53,020 and $55,911 for the nine months ended September 30, 2025, and September 30, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts incurred from related parties of $28,207 and $27,318 for the three months ended September 30, 2025, and September 30, 2024, respectively, and $84,737 and $67,780 for the nine months ended September 30, 2025, and September 30, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts incurred from related parties of $(2,089) and $(1,920) for the three months ended September 30, 2025, and September 30, 2024, respectively, and $(7,540) and $(4,861) for the nine months ended September 30, 2025, and September 30, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts incurred from related parties of $7,629 and $9,285 for the three months ended September 30, 2025, and September 30, 2024, respectively, and $21,565 and $23,666 for the nine months ended September 30, 2025, and September 30, 2024, respectively. (See Note 13. Related Party Transactions)
Includes amounts earned from related parties of $433 and $456 for the three months ended September 30, 2025, and September 30, 2024, respectively, and $1,268 and $3,135 for the nine months ended September 30, 2025, and September 30, 2024, respectively. (See Note 13. Related Party Transactions)
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