WEBTOON Q2 revenue $348.3M (+8.5% YoY) beats guidance; Disney deal brings 100 comics

WEBTOON Entertainment Inc.

2025-Q2 EPS reported -$0.21 vs consensus -$0.16 ▼ miss (-33.2%)

Revenue $348.3M (+8.5% YoY, +5.5% constant currency); Adj EBITDA $9.7M above top end of guidance.
Net loss narrowed to $3.9M from $76.6M; diluted EPS -$0.03 vs -$0.70; adj EPS $0.07 vs $0.18.
Paid Content +2.0% CC, Advertising +10.2% CC, IP Adaptations +42.6% CC drove all three streams up.
Japan revenue $177.9M (+5.7% CC); LINE Manga #1 in Japan app sales per Sensor Tower.
Announced collaboration with Disney to bring ~100 blockbuster comics (Marvel, Star Wars) to WEBTOON.

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