{"schema_version":"secwatch.filing_event.v1","accession":"0001997859-26-000070","form_type":"8-K","ticker":"WBTN","cik":"0001997859","company_name":"WEBTOON Entertainment Inc.","filed_at":"2026-05-11T20:16:29+00:00","discovered_at":"2026-05-11T20:18:00.308484+00:00","generated_at":"2026-05-11T22:07:40.009844+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"WEBTOON Q1 revenue $320.9M (-1.5% YoY), Adj EBITDA $9.5M beats guidance; Q2 guidance issued","bullets":["Net loss narrowed to $8.8M from $22.0M YoY; diluted EPS loss $0.07 vs $0.17.","Adj EBITDA $9.5M (margin 3.0%) vs $4.1M (1.3%) YoY; well above guidance high-end.","Revenue declined 1.5% but grew 0.2% constant currency; Paid Content up 0.5% (CC +2.3%), IP Adaptations down 22.8%.","Q2 2026 outlook: constant currency revenue growth 1.7%-4.6% ($332-$342M); Adj EBITDA $0-$5M.","Cash $594.9M, no debt; MAU down 5.9% after excluding bot traffic, MPU up 2.2% to 7.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001997859-26-000070","json":"https://secwatch.observer/filing/0001997859-26-000070.json","markdown":"https://secwatch.observer/filing/0001997859-26-000070.md","text":"https://secwatch.observer/filing/0001997859-26-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1997859/000199785926000070/0001997859-26-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1997859/000199785926000070/wbtn-20260511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T22:07:40.009844+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":[{"claim_id":"8d86ceec5e0e2d62970bd8b0bb1c26ee9ecb2c57","claim":"WEBTOON Entertainment Inc. reported first quarter ended March 31, 2026 results: revenue $320.9 million, net income $8.8 million.","evidence_excerpt":"Total revenue of $320.9 million declined 1.5%, driven by declines in IP Adaptations and Advertising, partially offset by growth in Paid Content.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1997859/000199785926000070/0001997859-26-000070-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$320.9 million"},{"label":"Net income","value":"$8.8 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e0fd8aad249f81bf20299b43e8e88d9b19677fe3","claim":"WEBTOON Entertainment Inc. reported second quarter 2026 results: revenue $332-$342 million. Guidance initiated.","evidence_excerpt":"Revenue growth on a constant currency basis in the range of 1.7%-4.6%. This represents revenue in the range of $332-$342 million, based on current FX rates.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1997859/000199785926000070/0001997859-26-000070-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2026"},{"label":"Revenue","value":"$332-$342 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}