earnings
confidence high
sentiment neutral
materiality 0.70
WEBTOON pre-announces FY2024 revenue ~$1.347B, adj. EBITDA $67-68M, Q4 adj. EBITDA negative on FX & actuarial charge
WEBTOON Entertainment Inc.
2024-FY EPS reported
-$1.21
revenue$1,348,478,000
- FY2024 revenue ~$1.347B (+12% constant currency YoY); net loss ~$152-158M; adjusted EBITDA $67-68M (vs $8.7M in 2023).
- Q4 revenue ~$351M (+10% constant currency YoY); net loss ~$101-107M; adjusted EBITDA loss of $(4.5)-(3.5)M.
- USD strength vs KRW/JPY (90% of revenue) and Korean political turbulence weighed on Q4 results.
- Q4 adjusted EBITDA includes ~$6M non-cash actuarial loss on retiree benefits.
- Cash + short-term deposits ~$598M; earnings call for full results scheduled Feb 25, 2025.