WEBTOON Entertainment Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 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.
Sep 30, 2026 · Filed Nov 9, 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 | Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |
| Revenue1 | $362,775 | $378,041 | $1,022,112 | $1,052,019 |
| Cost of revenue2 | (270,206) | (295,267) | (758,359) | (810,355) |
| Marketing3 | (39,111) | (35,166) | (107,967) | (97,779) |
| General and administrative expenses4 | (62,685) | (62,486) | (188,612) | (194,160) |
| Operating income (loss) | (9,227) | (14,878) | (32,826) | (50,275) |
| Interest income | 4,170 | 4,638 | 13,029 | 14,661 |
| Interest expense | (19) | (2) | (53) | (6) |
| Gain (loss) on equity method investments, net | 59 | 1,709 | 601 | 1,647 |
| Other income (loss), net5 | (2,983) | (1,891) | (2,516) | (588) |
| Income (loss) before income tax | (8,000) | (10,424) | (21,765) | (34,561) |
| Income tax benefit (expense) | 529 | (626) | (9,080) | (2,341) |
| Net income (loss) | $(7,471) | $(11,050) | $(30,845) | $(36,902) |
| Net income (loss) attributable to WEBTOON Entertainment Inc. | (8,370) | (11,647) | (33,073) | (38,362) |
| Net income (loss) attributable to non-controlling interests and redeemable non-controlling interests | 899 | 597 | 2,228 | 1,460 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustments, net of tax | 55,037 | (21,116) | 22,119 | 26,576 |
| Share of other comprehensive income (loss) of equity method investments, net of tax | (41) | 274 | (104) | 699 |
| Total other comprehensive income (loss), net of tax | 54,996 | (20,842) | 22,015 | 27,275 |
| Total comprehensive income (loss) | $47,525 | $(31,892) | $(8,830) | $(9,627) |
| Total comprehensive income (loss) attributable to WEBTOON Entertainment Inc. | 43,760 | (31,792) | (12,411) | (11,989) |
| Total comprehensive income (loss) attributable to non-controlling interests and redeemable non-controlling interests | 3,765 | (100) | 3,581 | 2,362 |
| Weighted average shares outstanding | ||||
| Basic | 135,714,833 | 130,644,101 | 134,869,055 | 130,204,411 |
| Diluted | 135,714,833 | 130,644,101 | 134,869,055 | 130,204,411 |
| Income (loss) per share attributable to WEBTOON Entertainment Inc. | ||||
| Basic | $(0.06) | $(0.09) | $(0.25) | $(0.30) |
| Diluted | $(0.06) | $(0.09) | $(0.25) | $(0.30) |
Includes amounts earned from related parties of $25,809 and $17,029 for the three months ended September 30, 2026, and September 30, 2025, respectively, and $68,603 and $53,020 for the nine months ended September 30, 2026, and September 30, 2025, respectively. (See Note 15. Related Party Transactions)
Includes amounts incurred from related parties of $29,306 and $28,207 for the three months ended September 30, 2026, and September 30, 2025, respectively, and $84,636 and $84,737 for the nine months ended September 30, 2026, and September 30, 2025, respectively. (See Note 15. Related Party Transactions)
Includes amounts incurred from related parties of $529 and $(2,089) for the three months ended September 30, 2026, and September 30, 2025, respectively, and $(587) and $(7,540) for the nine months ended September 30, 2026, and September 30, 2025, respectively. (See Note 15. Related Party Transactions)
Includes amounts incurred from related parties of $8,573 and $7,629 for the three months ended September 30, 2026, and September 30, 2025, respectively, and $24,421 and $21,565 for the nine months ended September 30, 2026, and September 30, 2025, respectively. (See Note 15. Related Party Transactions).
Includes amounts earned from related parties of $418 and $433 for the three months ended September 30, 2026, and September 30, 2025, respectively, and $1,210 and $1,268 for the nine months ended September 30, 2026, and September 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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