WEBTOON Entertainment Inc.
For the period ended Jun 30, 2026. Filed Aug 10, 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.
Jun 30, 2026 · Filed Aug 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |
| Revenue1 | $338,465 | $348,271 | $659,337 | $673,978 |
| Cost of revenue2 | (250,329) | (260,992) | (488,153) | (515,088) |
| Marketing3 | (38,336) | (31,070) | (68,856) | (62,613) |
| General and administrative expenses4 | (65,368) | (64,972) | (125,927) | (131,674) |
| Operating income (loss) | (15,568) | (8,763) | (23,599) | (35,397) |
| Interest income | 4,485 | 4,910 | 8,859 | 10,023 |
| Interest expense | (17) | (2) | (34) | (4) |
| Gain (loss) on equity method investments, net | 988 | 507 | 542 | (62) |
| Other income (loss), net5 | 2,472 | (1,367) | 467 | 1,303 |
| Income (loss) before income tax | (7,640) | (4,715) | (13,765) | (24,137) |
| Income tax benefit (expense) | (6,937) | 832 | (9,609) | (1,715) |
| Net income (loss) | $(14,577) | $(3,883) | $(23,374) | $(25,852) |
| Net income (loss) attributable to WEBTOON Entertainment Inc. | (15,248) | (4,326) | (24,703) | (26,715) |
| Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests | 671 | 443 | 1,329 | 863 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments, net of tax | (9,171) | 41,120 | (32,918) | 47,692 |
| Share of other comprehensive loss of equity method investments, net of tax | (48) | 568 | (63) | 425 |
| Total other comprehensive income (loss), net of tax | (9,219) | 41,688 | (32,981) | 48,117 |
| Total comprehensive income (loss) | $(23,796) | $37,805 | $(56,355) | $22,265 |
| Total comprehensive income (loss) attributable to WEBTOON Entertainment Inc. | (24,072) | 35,802 | (56,171) | 19,803 |
| Total comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests | 276 | 2,003 | (184) | 2,462 |
| Weighted average shares outstanding | ||||
| Basic | 135,250,711 | 130,358,706 | 134,439,157 | 129,980,922 |
| Diluted | 135,250,711 | 130,358,706 | 134,439,157 | 129,980,922 |
| Income (loss) per share attributable to WEBTOON Entertainment Inc. | ||||
| Basic | $(0.11) | $(0.03) | $(0.18) | $(0.21) |
| Diluted | $(0.11) | $(0.03) | $(0.18) | $(0.21) |
Includes amounts earned from related parties of $24,551 and $18,278 for the three months ended June 30, 2026, and June 30, 2025, respectively, and $42,794 and $35,991 for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions)
Includes amounts incurred from related parties of $28,259 and $28,399 for the three months ended June 30, 2026, and June 30, 2025, respectively, and $55,330 and $56,530 for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions)
Includes amounts incurred from related parties of $613 and $(2,870) for the three months ended June 30, 2026, and June 30, 2025, respectively, and $(1,116) and $(5,451) for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions)
Includes amounts incurred from related parties of $8,031 and $7,023 for the three months ended June 30, 2026, and June 30, 2025, respectively, and $15,848 and $13,936 for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions).
Includes amounts earned from related parties of $384 and $424 for the three months ended June 30, 2026, and June 30, 2025, respectively, and $792 and $835 for the six months ended June 30, 2026, and June 30, 2025, respectively. (See Note 15. Related Party Transactions)
The accompanying notes are an integral part of these unaudited Condensed Consolidated Financial Statements.
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