{"schema_version":"secwatch.filing_event.v1","accession":"0001997859-25-000110","form_type":"8-K","ticker":"WBTN","cik":"0001997859","company_name":"WEBTOON Entertainment Inc.","filed_at":"2025-11-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.249895+00:00","generated_at":"2026-05-16T21:47:21.786457+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"WEBTOON Q3 rev $378M (+8.7% reported); net loss $11.1M; Adj EBITDA $5.1M; Q4 rev guidance decline 5.1%-2.3% CC","bullets":["Revenue $378M (+8.7% reported, +9.1% CC); Paid Content +0.8% CC, IP Adaptations +171.8% CC, Advertising -8.9% CC.","Net loss $11.1M (vs net income $20.0M YoY); diluted EPS -$0.09; adjusted EPS $0.04 vs $0.22 prior year.","Adjusted EBITDA $5.1M (margin 1.4%) vs $28.9M (8.3%) YoY; Q4 guided adjusted EBITDA loss of $(6.5)-$(1.5)M.","Non-binding agreement with Disney to co-develop a digital comics platform; Disney to acquire 2% equity in WEBTOON.","Launched 'Video Episodes' short-form video on English platform and 'Cuts' UGC animation in Korea; over 1,000 creators on 'Cuts' in first month."],"urls":{"canonical":"https://secwatch.observer/filing/0001997859-25-000110","json":"https://secwatch.observer/filing/0001997859-25-000110.json","markdown":"https://secwatch.observer/filing/0001997859-25-000110.md","text":"https://secwatch.observer/filing/0001997859-25-000110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1997859/000199785925000110/0001997859-25-000110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1997859/000199785925000110/wbtn-20251112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T21:47:21.786457+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}