---
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"
generated_at: "2026-05-16T21:47:21.786457+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WEBTOON Q3 rev $378M (+8.7% reported); net loss $11.1M; Adj EBITDA $5.1M; Q4 rev guidance decline 5.1%-2.3% CC

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001997859-25-000110
- JSON: https://secwatch.observer/filing/0001997859-25-000110.json
- Plain text: https://secwatch.observer/filing/0001997859-25-000110.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.