---
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"
generated_at: "2026-05-11T22:07:40.009844+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WEBTOON Q1 revenue $320.9M (-1.5% YoY), Adj EBITDA $9.5M beats guidance; Q2 guidance issued

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001997859-26-000070
- JSON: https://secwatch.observer/filing/0001997859-26-000070.json
- Plain text: https://secwatch.observer/filing/0001997859-26-000070.txt

## Key facts
- Earnings Releases
  WEBTOON Entertainment Inc. reported first quarter ended March 31, 2026 results: revenue $320.9 million, net income $8.8 million.
  - Period: first quarter ended March 31, 2026
  - Revenue: $320.9 million
  - Net income: $8.8 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1997859/000199785926000070/0001997859-26-000070-index.htm
- Earnings Releases
  WEBTOON Entertainment Inc. reported second quarter 2026 results: revenue $332-$342 million. Guidance initiated.
  - Period: second quarter 2026
  - Revenue: $332-$342 million
  - Guidance: initiated
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1997859/000199785926000070/0001997859-26-000070-index.htm

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