secwatch.observer — SEC 8-K summary
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Issuer:     WEBTOON Entertainment Inc. (WBTN)
CIK:        0001997859
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-094072
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEBTOON Q2 revenue flat at $321M, constant currency growth 11.1%; adjusted EBITDA positive $22.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997859/000095017024094072/0000950170-24-094072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997859/000095017024094072/wbtn-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-094072

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer