WEBTOON Entertainment Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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, 2026 · Filed May 11, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended | ||
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| Revenue1 | $320,872 | $325,707 |
| Cost of revenue2 | (237,824) | (254,096) |
| Marketing3 | (30,520) | (31,543) |
| General and administrative expenses4 | (60,559) | (66,702) |
| Operating income (loss) | (8,031) | (26,634) |
| Interest income | 4,374 | 5,113 |
| Interest expense | (17) | (2) |
| Gain (loss) on equity method investments, net | (446) | (569) |
| Other income (loss), net5 | (2,005) | 2,670 |
| Income (loss) before income tax | (6,125) | (19,422) |
| Income tax expense | (2,672) | (2,547) |
| Net income (loss) | $(8,797) | $(21,969) |
| Net income (loss) attributable to WEBTOON Entertainment Inc. | (9,455) | (22,389) |
| Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests | 658 | 420 |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustments, net of tax | (23,747) | 6,572 |
| Share of other comprehensive loss of equity method investments, net of tax | (15) | (143) |
| Total other comprehensive income (loss), net of tax | (23,762) | 6,429 |
| Total comprehensive income (loss) | $(32,559) | $(15,540) |
| Total comprehensive income (loss) attributable to WEBTOON Entertainment Inc. | (32,099) | (15,999) |
| Total comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests | (460) | 459 |
| Weighted average shares outstanding | ||
| Basic | 133,618,587 | 129,598,942 |
| Diluted | 133,618,587 | 129,598,942 |
| Income (loss) per share attributable to WEBTOON Entertainment Inc. | ||
| Basic | $(0.07) | $(0.17) |
| Diluted | $(0.07) | $(0.17) |
Includes amounts earned from related parties of $18,243 and $17,713 for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions)
Includes amounts incurred from related parties of $27,071 and $28,131 for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions)
Includes amounts incurred from related parties of $(1,729) and $(2,581) for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions)
Includes amounts incurred from related parties of $7,817 and $6,913 for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions).
Includes amounts earned from related parties of $408 and $411 for the three months ended March 31, 2026, and March 31, 2025, respectively. (See Note 15. Related Party Transactions)
The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.