secwatch.observer — SEC 8-K summary
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Issuer:     WEBTOON Entertainment Inc. (WBTN)
CIK:        0001997859
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001997859-25-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEBTOON pre-announces FY2024 revenue ~$1.347B, adj. EBITDA $67-68M, Q4 adj. EBITDA negative on FX & actuarial charge
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997859/000199785925000003/0001997859-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997859/000199785925000003/wbtn-20250206.htm
  HTML page:      https://secwatch.observer/filing/0001997859-25-000003

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