secwatch.observer — SEC 8-K summary
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Issuer:     WEBTOON Entertainment Inc. (WBTN)
CIK:        0001997859
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001997859-26-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997859/000199785926000015/0001997859-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997859/000199785926000015/wbtn-20260303.htm
  HTML page:      https://secwatch.observer/filing/0001997859-26-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer