earnings
confidence high
sentiment positive
materiality 0.75
WEBTOON Q2 revenue flat at $321M, constant currency growth 11.1%; adjusted EBITDA positive $22.4M
WEBTOON Entertainment Inc.
2024-Q2 EPS reported
-$0.64
revenue$647,716,000
- Revenue $321.0M flat YoY; constant-currency revenue $350.3M +11.1% driven by all streams.
- Net loss $76.6M (diluted EPS -$0.70) from one-time IPO costs & stock comp; adjusted EPS $0.20.
- Adjusted EBITDA $22.4M vs -$0.9M prior year, marking second straight profitable quarter.
- Paid content revenue $260.7M (+1%; constant currency +11.5%); Japan MPU up 15.5% to 2.2M.
- IP adaptations revenue $19.8M (-3.7%; constant currency +24.9%); LINE MANGA #1 app in Japan.