secwatch.observer — SEC 8-K summary
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Issuer:     WEBTOON Entertainment Inc. (WBTN)
CIK:        0001997859
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001997859-25-000110
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997859/000199785925000110/0001997859-25-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997859/000199785925000110/wbtn-20251112.htm
  HTML page:      https://secwatch.observer/filing/0001997859-25-000110

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