WEBTOON FY24 revenue +5.1%, net loss widens; adjusted EBITDA record $67.9M

WEBTOON Entertainment Inc.

2024-FY EPS reported -$1.21 revenue$1,348,478,000

FY2024 revenue $1.35B (+5.1% as reported, +13.0% CC); net loss $152.9M, up from $144.8M.
FY adjusted EBITDA $67.9M (record, +685% YoY); Q4 adjusted EBITDA loss $3.5M vs prior year gain $10.4M.
Q1 2025 outlook: revenue $318-$328M, CC growth 1.7%-4.8%; adjusted EBITDA $0.5-$5.5M.
Cash of $572M, no debt; global MPU 7.5M (-1.3% QoQ), MAU 163.3M (-3.7%).
Advertising revenue Q4 up 22.1% (27.4% CC); IP Adaptations revenue Q4 down 14.5% (-6.9% CC).

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