WEBTOON FY2025 net loss $373M on goodwill impairments; revenue up 2.5%

WEBTOON Entertainment Inc.

FY2025 revenue $1.4B (+2.5% YoY, +3.9% constant currency); net loss $373.4M vs $152.9M due to goodwill impairments.
Q4 revenue $330.7M (-6.3% YoY); adjusted EBITDA $0.6M improved from -$3.5M prior year; diluted loss per share $2.36.
Full year adjusted EBITDA $19.4M (1.5% margin) vs $68M prior year; cash $581.8M, no debt.
Completed strategic agreements with Disney: ~2% equity investment, new digital comics platform targeting 2026 launch.
Q1 2026 guidance: revenue $317-$327M, adjusted EBITDA $0-$5M; Lore Olympus animated series greenlit by Amazon MGM.

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