secwatch.observer — SEC 8-K summary
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Issuer:     WEBTOON Entertainment Inc. (WBTN)
CIK:        0001997859
Form:       8-K
Filed at:   2026-05-11T20:16:29+00:00
Accession:  0001997859-26-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997859/000199785926000070/0001997859-26-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997859/000199785926000070/wbtn-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001997859-26-000070

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